What is the ITFA Unfunded Master Risk Participation Agreement (MRPA), how does it differ to the BAFT Funded MRPA and who uses it? Deepesh Patel, Editor at Trade Finance Global discussed with Silja Calac (Swiss Re), Head of Insurance Relations and Head of Treasury at ITFA, why the MRPA came about, what the 2019 changes mean for bank and non-bank funders and insurers.

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