• 11 September 2020
    LMA publishes exposure draft multicurrency rate switch facility agreement

    The LMA is pleased to announce the publication of an exposure draft multicurrency term and revolving facilities agreement incorporating rate switch provisions ("Multicurrency Rate Switch Facility Agreement"). This exposure draft is based on lookback without observation shift.

  • 24 August 2020
    LMA Note on the Revised Replacement of Screen Rate Clause and documentary recommendations published by the Working Group on Sterling Risk-Free Reference Rates

    This note discusses the April and July 2020 documentary recommendations and contains a supplement to the LMA's Revised Replacement of Screen Rate Clause designed to facilitate one means of potential satisfaction of the recommendations.

  • 01 July 2020
    LMA launches new REF Security Documents

    The LMA is pleased to announce the launch of two new security agreements intended for use on real estate finance transactions (the "New REF Security Documents"), as well as consequential changes to the LMA REF facility agreements.

  • 19 June 2020
    DAC6 and LMA recommended forms of facility documentation

    The LMA has published a guidance note and optional riders relating to EU rules enacted under the Directive on Administrative Cooperation (commonly known as "DAC6").


  • 27 May 2020
    An updated version of the Senior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance Transactions

    An updated version of the Senior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance Transactions dated 20 March 2020 has been uploaded to include a full mark-up at Section 6 (Mezzanine Drafting).

  • 05 May 2020
    Launch of new guidance documents to support the Green Loan Principles and the Sustainability Linked Loan Principles

    Global loan market associations launch new guidance documents to support the Green Loan Principles and the Sustainability Linked Loan Principles.

  • 20 March 2020
    Update to Facility Agreements

    Further to the publication of revised IG and REF investment facility agreements on 28 February 2020, we have today published revised versions of a number of our other recommended form facility agreements, Users Guides, RFR documentation and other associated documents.

  • 28 February 2020
    Update to LMA Facility Agreements

    We have published revised versions of our recommended forms of Investment Grade Facility Agreements, Users Guide, REF Investment Facility Agreements, RFR documentation and other associated documents. The main change that has been made to the facility agreements is the inclusion of the LMA recommended form of replacement of screen rate clause as part of the amendments and waivers clause.

  • 20 February 2020
    LMA note on "LMA Exposure Drafts of Compounded RFR Facilities Agreement – outstanding requirements for the production of LMA recommended forms"

    This note is intended to highlight to market participants the outstanding requirements that need to be satisfied before the Exposure Drafts can be published as LMA recommended form documentation.

  • 18 December 2019
    LMA Rider – Revised Definition of Delayed Period Commencement Date

    The LMA has published a Rider, "LMA Rider – Revised Definition of Delayed Period Commencement Date" which can be agreed by the parties to a secondary par loan trade transaction at the time of trade and included as an "Other Term of Trade" in the Trade Confirmation.