„Both models are not designed to be firm forms with binding conditions or to restrict the right of the parties to negotiate the terms or forms of block agreements. However, the model offers user-friendly formulations for most standard conditions allowing negotiations to focus on important business concepts such as the level and structure of commissions. „The challenge now is to get the message out to the market and we are confident that over time, market participants will benefit significantly from using model agreements.  Between January 1, 2013 and the $13.69 billion in bulk transactions took place on September 27, 2013, compared to US$62.7 billion over the whole of 2012 (source: Dealogic) AFME has developed the model agreements over the past 18 months in response to participants` requests on the stock market, these operations quickly and in consultation with its member banks and more than 20 international law firms, which participate in EMEA stock market transactions. Two versions of AFME`s Model Block Trade Agreement are made available: one is an outright agency agreement, with no obligation to backstop underwriting, and the second version introduced a backstop-underwriting commitment that offers a seller a fixed hard minimum price, subscribed, at which he will monetize the shares sold. „Using model agreements for bulk transactions saves intermediaries and sellers a lot of time and costs. The Association for Financial Markets in Europe (AFME) has introduced Model Block Trade Agreements for bulk transactions in Europe, the Middle East and Africa (EMEA), which occur when banks present themselves as agents with or without backstop and procure buyers to buy listed shares at a discount from selling shareholders. Many bulk transactions are subject to time and legal constraints that can complicate the implementation of appropriate contractual conditions. This model will help streamline agreements and improve the profitability and time of bulk transactions, which Dealogic says posted their highest levels since the beginning of the year in 2013. Bill Ferrari, Managing Director of AFME`s Equity Capital Markets Division, commented:.