On 21 March 2024, the LMA released its updated Secondary Heatmap to reflect amendments made by a dedicated project group constituted of members of the European Loans Operations Committee.

The new Heatmap and Guidance Document include updates to:-

• the initiation of secondary trade settlement; and 
• the guidance around parties reviewing transfer provisions prior to submission.

A copy of the updated Heatmap can be found here and a copy of the accompanying guidance document can be found here.

On 2 March 2023, the LMA is delighted to announce the publication of the updated LMA / LSTA Standard Administrative Details Form, which now includes optionality for inputting Standard Settlement Instructions / Wiring Instructions for those transactions that align with the ISO20022 updates.

On 26 January 2023, the LMA released its updated Loan Servicing Heatmap to account for changes requested by the LMA's European Loan Operations and Agency Committees.

The new Heatmap and Guidance Document include:-

• The inclusion of a timetabled period for the creation of deal sites in the Heatmap and principal guidance document;
• Updates to the timetable period for executing Billing/Invoicing and Late-payment under the Heatmap and Fee Guidelines; and
• Removal of trading standards in relation to loan trading (to be covered in separate update to the Secondary Heatmap).

A copy of the updated Heatmap can be found here and a copy of the accompanying guidance document can be found here.

This article identifies the building blocks necessary to permit the change to digitisation - a change that has the potential to transform and grow the loan market.

This article examines how automation is not only critical to achieving workplace efficiency, but is also a necessary tool in attracting the digitally inclined Gen Z talent to the industry.

This article explores how a market standardard data set would enable an interoperable future where vendor platforms are able to speak to one another and drive efficency gains throughout the market.

In close co-operation with the LMA Loans Operations Committee, the LMA has begun collating settlement statistics from major European trading banks.