Documents & Guidelines
The LMA endeavours to keep its documentation under constant review to ensure that it continues to meet the aims and needs of the primary and secondary loan markets. The production of recommended documentation remains one of our most important activities.
Our documentation is produced after extensive consultation with leading loan practitioners and law firms so as to represent an agreed common view of documentation structures. Standardisation of the "boiler plate" areas of the documents allows lenders and borrowers to focus on the more important commercial aspects of individual transactions.
The LMA has published a note on "U.S. QFC Stay Rules and syndicated loans" which provides guidance for market participants on the new U.S. QFC Stay Rules and their application to syndicated facility documentation.
The LMA has updated its EU Bail-In Legislation Schedule to reflect the enacting legislation that has recently come into effect in both Norway and Liechtenstein.
The LMA has updated its note entitled "Guidance note: United States and European Union sanctions" which was originally published in July 2014, to reflect the increased relevance of EU blocking legislation following the reinstatement of US sanctions against Iran. The note also references the fact that whilst the LMA does not produce recommended form sanctions provisions for its template documentation, its recommended forms of facility documentation for developing markets transactions do include optional sanctions related definitions which members may find useful.
The LMA has published a note, 'EONIA – planned change in methodology and discontinuation', which provides guidance for market participants on recent developments relating to the future of EONIA. The note includes guidance on the use of EONIA in LMA documentation; provides an overview of the planned change in the methodology and discontinuation of EONIA; and sets out the significance for loan market participants.
The LMA has published a supplemental guidance note which covers the documentary implications of Brexit in relation to the jurisdiction provisions in LMA facility documentation.
A new version of the LMA's German Law Multicurrency Term and Revolving Facility Agreement has been uploaded to our website today. In paragraph (b) of the definition of "FATCA Application Date", the word "or" was missing and this typo has now been corrected.