the authoritative voice of the EMEA market

Developing
Markets

Developing markets offer great opportunities as global dynamics shift, demand for their resources increases and new technologies evolve. The LMA.... Find out more

What's New?

Developing Market Insight

Loan Market Data & Analytics (May 2018)
Thomson Reuters LPC Report

Emerging and Advanced Economy Default Rates are Similar, but with Different Catalysts (March 2018)
Moody's Report

Emerging Market Cross Sector Risks (May 2018)
Fitch Ratings Report

Between a rock and a hard place? The EU expands its blocking regulation following US announced withdrawal from Iran nuclear deal

This briefing by Clifford Chance considers the EU's draft regulation ((EC) 2271/96), which is intended to protect Iran-related business interests of EU companies following the decision by the US to re-impose sanctions on Iran which it had previously suspended as part of the 2015/16 Iran nuclear deal. This move by the EU may place EU citizens in a conflict of law position where they choose not to do business with Iran due to US sanctions concerns. Click the arrow to read further.

LMA launches ECA Buyer Credit Facility

The LMA is pleased to announce the launch of a new recommended form of facility agreement for use in export finance buyer credit transactions supported by an export credit agency (the "ECA Buyer Credit Facility"). The ECA Buyer Credit Facility project was begun in response to demand from the market to provide a form of export credit agency ("ECA") supported buyer credit agreement; it was thought to be helpful to get a common starting point in order to promote efficiency and liquidity in the market.

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Spotlight on the LMA ECA Buyer Credit Facility Agreement

This video interview with Clare Dawson, Chief Executive of the LMA, and Massimo Schirò, Legal Affairs Director at SACE, considers the new LMA recommended form of ECA Buyer Credit Facility Agreement.

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Snapshot on the Outlook for the Developing Markets

We spoke to Nick Tostivin and Wildu du Plessis, Partners at Baker McKenzie, following our 2018 Developing Markets Conference. Nick and Wildu discuss the outlook for the Developing Markets, including lender appetite and geographical, borrower and product trends.

Developing Markets Quarterly Bulletin - May 2018

Developing Markets Conference 2018 summary; video interview with Conference speakers Nick Tostivin and Wildu du Plessis, Partners at Baker McKenzie; Developing Markets 2018 Survey Results; launch of the new LMA Export Credit Agency Buyer Credit Facility Agreement; briefings on taking security in South Africa and on the African Continental Free Trade Area; legal and regulatory news; and upcoming LMA events in developing markets.

LMA publishes additions and updates to Developing Markets documentation suite

Launch of a single currency unsecured revolving facility agreement (incorporating a letter of credit facility) for use in developing market jurisdictions, along with the publication of revised forms of the LMA Developing Markets facility documentation and users guide. The key amendments incorporate provisions relating to optional fixed interest rate language and basic sanctions definitions.

The future of LIBOR

This briefing by Linklaters examines the FCA’s July 2017 announcement on plans to transition away from LIBOR, expectations of the consequent action to be taken by market participants, potential replacement rates for LIBOR and the issues raised in using the suggested alternatives. Click the arrow to view.