The LMA, APLMA and LSTA publish two new ESG guidance documents to support the development of green, social, and sustainability-linked loans
The first of these documents, 'Guidance for Green, Social, and Sustainability-Linked Loans External Reviews', is intended to provide best practice guidance on the external review process for borrowers, lenders, external reviewers and other stakeholders in the loan market.
The second guidance document, 'Guidance on Social Loan Principles', is designed to sit alongside the Social Loan Principles (SLP). This guidance is intended to provide greater clarity for market participants with regards to the requirements of the Social Loan Principles, and covers a number of frequently asked questions in relation to social loans.
LMA.Automate is a secure, cloud-based platform powered by Avvoka software and fully hosted by Allen & Overy on a private Microsoft Azure cloud environment. It is available to existing LMA members initially for a free trial period and thereafter for a competitive annual subscription, based on number of individual users.
The platform offers an end-to-end solution with a focus on the automation of LMA template documents and with the functionality to cater for the entire document lifecycle, including negotiation and collaboration, documentation execution and comprehensive data extraction and reporting. The LMA launched LMA.Automate in 2021 and has been working actively with subscribers. Further details are available upon Registration of Interest
We have published a comprehensive suite of facility documentation which references RFRs in place of LIBOR. The purpose of the "RFR Destination Table" is to assist members in identifying the LMA RFR-referencing document which is most directly comparable to any given LMA LIBOR-referencing document. Where there is no direct equivalent, the table sets out the RFR-referencing document(s) which is/are most closely related and may be most helpful.
Suspension of Russian Members
In light of prevailing events in Ukraine, the Board of the Loan Market Association has determined under its bye-laws to suspend its Russian institutional members until further notice and will not accept any new members from Russia until further notice.
LMA publishes revised versions of the real estate investment property facility agreement, development property facility agreement and associated term sheets which envisage the use of RFRs from the outset.
LMA publishes a new security agreement and associated user guide for use in various common law African jurisdictions (Kenya, Nigeria, Tanzania, Uganda and Zambia).
LMA publishes revised Secondary Debt Trading documentation (effective date of 4th January 2022) to assist secondary loan market with LIBOR transition.
LMA publishes RFR Destination Table and RFR versions of its German, Spanish and French law documentation
LMA publishes leveraged RFR suite of documentation to assist the market with LIBOR transition
LMA publishes updated Exposure Draft of its Standard Terms and Conditions for secondary debt trading together with accompanying Explanatory Note (and Example Settlement Calculations) and updated Trade Confirmations.
LMA responds to FCA consultation on the proposed decisions on the use of LIBOR (Articles 23C and 21A BMR).
LMA responds to EBA's Consultation Paper on revised draft of Regulatory Technical Standards.
LMA response to the targeted consultation on the functioning of the EU securitisation framework.
On Demand Events
We and the ELFA joined forces with the investor community, and specialist review providers, to identify a list of provisions that are of material importance to investors' investment decisions, which are now set out in this Best Practice Guide.
E-learning course comprised of 10 modules providing an overview of the syndicated loan market.
As part of the co-operation between the LMA, LSTA, APLMA and also ICMA, each of their forms of bail-in clause refer to a common EU Bail-In Legislation Schedule, which has been prepared by the LMA, in order to describe the relevant national implementation legislation and write-down and conversion powers.