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The Court of Appeal has reversed a decision regarding an offer under a Bankers Association for Finance and Trade (BAFT) Master Risk Participation Agreement (MRPA), in a case between Kimura Commodity Trade Finance Fund Limited and Yieldpoint Stable Value Fund, LP.

In his article, "Yieldpoint v Kimura: A Victory for Market Practice, or Just a Warning on How to Draft?," published by TFG, Geoff Wynne writes about the following:

  • Explaining the BAFT MRPA
  • The current case
  • The decision
  • Outcomes
  • How will the BAFT MRPA be used in the future?