Core Viewpoint - The announcement by the trading association aims to standardize the signing process of main agreements for non-legal person products, enhancing the management efficiency of these products in the interbank market [1]. Group 1: Guidelines Overview - The newly released "Guidelines for Non-Legal Person Product Managers Signing Main Agreements in the Interbank Market" is effective immediately [1]. - Non-legal person product managers can now choose to sign main agreements either in a listed or summarized manner through the NAFMII investor filing service system [1]. Group 2: Applicability and Compliance - The guidelines apply to financial institutions acting as asset managers for non-legal person products, covering main agreements related to bond repurchase, bond lending, and financial derivatives [1]. - Asset managers must sign separate main agreements for asset management and proprietary business, ensuring independence of rights and obligations among different products and between products and the institution [1]. Group 3: Obligations and Risk Management - Managers cannot refuse to fulfill obligations under the main agreement and its supplementary agreements based on agreements with third parties such as clients or investors [1]. - Managers have the flexibility to define the scope of products they represent when signing the main agreement, based on their risk management needs and negotiations with counterparties [1].