• 23 September 2019
    The LMA publishes exposure drafts of compounded risk-free rate facility agreements for sterling and US dollars

    The LMA is pleased to announce the publication of exposure drafts of: (i) a compounded SONIA based sterling term and revolving facilities agreement; and (ii) a compounded SOFR based dollar term and revolving facilities agreement (the "Exposure Drafts"). SONIA and SOFR are the chosen replacement near risk-free rates ("RFRs") for LIBOR in the sterling and US dollar markets respectively.

  • 07 August 2019
    LMA Revised Replacement of Screen Rate Clause and considerations in respect of credit adjustment spreads

    The LMA has published a note, 'LMA Revised Replacement of Screen Rate Clause and considerations in respect of credit adjustment spreads', which provides guidance for market participants in relation to considerations to be borne in mind in respect of the application of credit adjustment spreads in the context of the move from LIBOR to near risk-free rates ("RFRs").

  • 05 July 2019
    The LMA publishes LSTA Market Advisory on Risks of Trading English Law Loans on LSTA Par/Near Par

    The LMA has made available on its website (with thanks to the LSTA) an LSTA market advisory which addresses situations where market participants are trading syndicated loans issued under a facility agreement governed by English law on a Par/Near Par Trade Confirmation published by the LSTA.

  • 16 May 2019
    The LMA releases note on U.S. QFC Stay Rules and syndicated loans

    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.

  • 01 May 2019
    The LMA releases guidance note on recent developments relating to the future of EONIA

    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.

  • 10 April 2019
    The LMA publishes a supplemental guidance note on jurisdiction provisions

    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.

  • 10 April 2019
    The LMA publishes a revised version of The LMA Recommended Form of Bail-in Clause and Users Guide

    The LMA publishes an updated version of "The Recommended Form of Bail-in Clause and Users Guide". The updated form of Bail-in Clause is intended to allow for the UK's departure from the EU and the revised Users Guide provides supplemental guidance on the impact of Brexit in relation to contractual recognition of bail-in requirements.

  • 20 March 2019
    The LMA, APLMA and LSTA publish Sustainability Linked Loan Principles

    The LMA has, together with the Loan Syndications and Trading Association and the Asia Pacific Loan Market Association, launched the Sustainability Linked Loan Principles (SLLP).

  • 03 January 2019
    New version of the LMA's German Law Multicurrency Term and Revolving Facility Agreement

    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.

  • 06 December 2018
    Guidance note: United States and European Union sanctions

    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.