the authoritative voice of the EMEA market

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.

LMA updates secondary terms and conditions to take account of discontinuance of LIBOR

The LMA has released the following documents from its secondary debt trading suite: (i) Terms and Conditions; (ii) Trade Confirmations; and (iii) Users Guide.

LMA publishes revised pending Standard Terms and Conditions

We have published a revised version of the Standard Terms and Conditions for Par and Distressed Trade Transactions on the pending page of the LMA website to correct the use of a defined term in Condition 11(a).

LMA launches template developing markets revolving facility agreement with letter of credit facility

The LMA is pleased to announce the publication of a single currency unsecured revolving facility agreement (incorporating a letter of credit facility) for use in developing market jurisdictions.

LMA publishes revised Developing Markets facility agreements and users guide

We are pleased to announce the publication of revised forms of its developing markets facility documentation and users guide. The key amendments incorporate provisions relating to optional fixed interest rate language and basic sanctions definitions.