We are delighted to announce that over 800 organisations are now members of the LMA. What an amazing achievement and how fitting to reach this number as we celebrate 25 years of the LMA. Thank you to all our members around the world who continue to support and work with us. We now have members in over 65 countries.

We never take members’ support for granted, because it is together that we have made the LMA the institution it is today.

We have published updated versions of our German Law Euro Term Facility Agreement for Real Estate Finance (REF) Multiproperty Investment Transactions (in both German and English). The latest updates to these documents follow changes to our primary documents to reflect the end of the Brexit transition period on 31st December 2020, as well as the removal of Reference Banks from the fallback waterfall. 

LMA.Automate Limited, a wholly owned subsidiary of the Loan Market Association, has today launched automated LMA recommended form secondary trade confirmations on the LMA.Automate platform to support the secondary loan market. Subscribers will now be able to generate secondary trade confirmations from an automated template incorporating all versions and options available in the latest static versions of the LMA recommended forms. Secondary loan market participants should also note that the LMA recommended form confidentiality undertakings have already been automated and are available on the platform.  

We, in collaboration with Finastra, are delighted to announce the launch of the first in a three part series looking at digitisation in the loan market.

In this first article, we identify the building blocks necessary to permit the change to digitisation – a change that has the potential to transform and grow the loan market.
 

We are delighted to announce the introduction of our new e-learning course 'Transitioning to RFRs'. 

The course has been designed to educate members on the transition from LIBOR and shift to risk-free rates (RFRs). The course currently consists of two initial modules: 'Introduction - Replacing LIBOR' and 'RFRs – differences to LIBOR'. Further modules will be added in due course.  We hope these modules will be of great benefit to our members and help remedy any outstanding uncertainties regarding the shift to RFRs.

We, with the assistance of the Lloyd's Market Association and the International Underwriting Association, have published a model form of Credit Risk Insurance Policy. The CRI Policy is drafted:for the purposes of insuring single borrower credit risk arising from a loan agreement; and with a view to the CRR requirements for unfunded credit protection.The CRI Policy was put together by an experienced working party, consisting of representatives from law firms, banks, brokers, insurers, A2Z Risk Services, Lloyd's and the IUA and was based on their first-hand experiences of undertaking such transactions.