LMA revises secondary trading documentation

A number of revisions have been made to the following documents:

• LMA Standard Terms & Conditions for Par & Distressed Trade Transactions
• LMA Secondary Trading Documentation User Guide
• LMA Trade Confirmation (Bank Debt)
• LMA Trade Confirmation (Risk Participation)
• LMA Trade Confirmation (Claims)
• LMA Termination Agreements
• LMA Netting Agreements

The documents are now live as of  14 May, 2012.  For further details, click on the arrow.

LMA launches new commercial real estate finance document

Our new recommended form of Single Currency Term Facility Agreement is intended for use in real estate multi-property investment transactions. The document has been produced on the basis that the transaction is for investment purposes only and not for the development of a Property. It also assumes a structure whereby a parent company establishes subsidiaries (all of which are incorporated in England and Wales) and that finance is provided to those subsidiaries for the acquisition of one or more properties. 

LMA May Monthly Update

Read the latest news on legal and regulatory matters impacting the loan market, upcoming LMA events, and revised LMA documentation.

LMA revises German law primary document

We have published a revised version of our German law primary facilities agreement to conform the document to the most recent set of English law primary documents published in December 2011 and January 2012. The German document also includes further minor amendments.

LMA issues new note on FATCA

Following consultation with the FATCA working party, we have produced a note that summarises the expected effects of FATCA on LMA primary market loan documentation, in light of the proposed regulations published by the IRS on 8 February, 2012. 

Documentation issues impacting on secondary market liquidity - considerations for primary market participants

We have produced a note which is intended to assist market participants and their advisors who are involved in the origination and execution of syndicated loans in the primary market by highlighting certain documentation issues which have the potential to impact liquidity in the secondary market.