Latest News

LMA reaches 800+ Members

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.

LMA publishes updated German law REF facility agreements

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. 

Secondary trade confirmations now available on LMA.Automate platform

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.  

New Article: The Loan Market and the Digitisation Imperative

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.
 

New E-Learning Course

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.

LMA publishes a model form CRI policy document

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.

Recent Activity

Documentation (29 September 2022)

LMA publishes updated versions of its German Law Euro Term Facility Agreement for Real Estate Finance (REF) Multiproperty Investment Transactions (in both German and English). 

Documentation (1 September 2022)

LMA publishes risk-free rate version of senior single currency term facility agreement for real estate finance multiproperty investment transactions (senior/mezzanine) with and without observation shift.

Documentation (10 August 2022)

LMA, with the assistance of the Lloyd's Market Association ("Lloyd's") and the International Underwriting Association ("IUA") publishes a model form of Credit Risk Insurance Policy ("CRI 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.

Documentation (20 June 2022)

LMA publishes updates to its Real Estate Finance (REF) Investment Security Agreement, REF Development Security Agreement and REF Shareholder Security Agreement (the Security Agreements) following the enactment of the National Security and Investment Act 2021 (the NSIA).

Documentation (28 April 2022)

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.

Documentation (11 April 2022)

LMA publishes a new security agreement and associated user guide for use in various common law African jurisdictions (Kenya, Nigeria, Tanzania, Uganda and Zambia).

Popular Resources

Website overview video

Watch our video overview of the LMA website providing a virtual tour of the site to help you locate all the interesting and latest content.

LIBOR Transition Glossary

This glossary covers key terms related to the transition from LIBOR to near risk-free rates ("RFRs").

Sustainable Lending Glossary

The sustainable lending glossary will aid transparency of terms in this rapidly evolving area of the market.

Green Loan Principles (GLP)

The GLP have been developed by an experienced working party with a view to promoting the development and integrity of the green loan product.

Sustainability Linked Loan Principles (SLLP)

Sustainability linked loans aim to facilitate and support environmentally and socially sustainable economic activity and growth.

LMA Secondary Settlement Statistics

Collation of settlement statistics from major European trading banks

Understanding the Loan Market

E-learning course comprised of 10 modules providing an overview of the syndicated loan market.

EU Bail-in Legislation Schedule

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.