Loan Operations Conference
On 21 June 2016, the LMA held its second conference dedicated entirely to loan operations, which was attended by over 200 delegates. This event provided an ideal forum for market participants to discuss the challenges facing loan operations teams, in hope that it can pave the way to bring about increased efficiencies in the loan process as a whole.
Loans Trading Guide
The trading of loans can raise complex legal issues particularly in relation to guarantees and security, withholding tax, confidentiality and regulation. On cross border transactions, the local laws of each relevant jurisdiction need to be considered. Our global debt and claims trading practice is uniquely placed to offer our clients a seamless and fully integrated experience helping our clients navigate through the myriad of local law issues that arise in multi-jurisdictional loan trades. This guide by Clifford Chance provides an overview of the principal local law issues to consider when trading loans in the secondary loan markets across 18 key jurisdictions.
Administrative Details Form
LMA launches standard Administrative Details Form ("ADF")
The LMA is pleased to announce the publication of a recommended ADF template as part of its ongoing commitment to support operational efficiency initiatives across the market. The ADF template is the result of considerable collaborative work by the LMA Loans Operations Committee and other operations practitioners and seeks to provide a standard format for communicating key administrative detail. It is hoped that broad based adoption of the ADF will lead to efficiencies in both time and effort in compiling this detail.
LMA Operations Committee collates settlement statistics
In close co-operation with the LMA Loans Operations Committee, the LMA has begun collating settlement statistics from major European trading banks. Submitting institutions have agreed that median and mean figures for par and distressed settlement times be published on the members' website on a consolidated and anonymous basis. Given the skew from outlying data points we believe the median figure to be more relevant for the purposes of benchmarking and analysis.
Save the date for the Loan Operations Conference 2017
The Loan Operations Conference will be taking place at Allen & Overy on 12 June 2017.