Developing markets offer great opportunities as global dynamics shift, demand for their resources increases and new technologies evolve. At the LMA, we seek to bring about increased efficiencies and standardisation in developing markets, whilst educating our members about the opportunities and challenges they may face when operating in these regions.
LMA publishes South African law revised replacement of screen rate language to assist with JIBAR transition
On 2 November 2023, we published a user guide and revised recommended form of replacement of screen rate clause for the LMA’s South African law documents (“SA revised replacement of screen rate clause”).
The SA revised replacement of screen rate clause is based on the LMA’s existing 2018 revised replacement of screen rate clause (as updated) produced in the context of LIBOR transition. However, it also has regard to the work of the MPG on sample reference language for bilateral loans and reflects specifics of the South African market and JIBAR transition. In order to provide additional context, there are footnotes explaining any differences in the LMA clause and the MPG sample clause.
On 26 September, we held our 15th annual conference for LMA members.
The conference was held in London at the QEII Conference Centre, but also streamed live at the same time to our members around the world who were not able to travel. An amazing 800 delegates joined us in-person, with a further 1,200+ visits on the day to our streaming platform to watch the live relay.
A big thank you to all those who joined us, particularly to our wonderful speakers who delivered some very enjoyable and informative sessions, and lastly, to our sponsors for supporting us in delivering this first-class event for our members. The conference is now available to watch on demand for a limited period until the end of October.
Save the Date: LMA Developing Markets Conference 2024
We will be holding our 10th annual Developing Markets Conference in London on 22 May 2024.
LMA's Developing Markets Conference focuses on developing markets including the Sub-Saharan Africa, North Africa, CIS and the Middle East.
Click here to watch highlights from the 2023 Developing Markets Conference.