Documents & Guidelines
The LMA endeavours to keep its documentation under constant review to ensure that it continues to meet the aims and needs of the primary and secondary loan markets. The production of recommended documentation remains one of our most important activities.
Our documentation is produced after extensive consultation with leading loan practitioners and law firms so as to represent an agreed common view of documentation structures. Standardisation of the "boiler plate" areas of the documents allows lenders and borrowers to focus on the more important commercial aspects of individual transactions.
The LMA has published an updated version of its Confidentiality and Front Running Letter for Primary Syndication. The key changes that have been made are set out below:
- Inclusion of two new disclosure permissions
- Clarifications in formatting, and addition of a footnote to the definition of "Front Running"
The LMA has released the following documents from its secondary debt trading suite: (i) Terms and Conditions; (ii) Trade Confirmations; and (iii) Users Guide.
The LMA is pleased to announce the publication of two South African law mandate letters (best efforts and underwritten) for use in syndicated loan transactions governed by South African law.
The LMA publishes a recommended Timeline for Settlement of Primary Syndication Incorporating Delayed Settlement Compensation
The LMA has launched the publication of a recommended Timeline for Settlement of Primary Syndication Incorporating Delayed Settlement Compensation, intended to be part of the LMA's efforts to reduce settlement times for primary syndications