the authoritative voice of the EMEA market

Issues and Guidance

Name of DocumentFormatsDate RevisedMarkup
LMA note on QFC Stay Rules and syndicated loansPDF16/05/2019PDF
EONIA – planned change in methodology and discontinuationPDF01/05/2019PDF
2014 summary note on FATCAWord21/12/2018PDF
Guidance note: United States and European Union sanctionsPDF06/12/2018PDF
LMA supplementary note on documentary implications of Brexit for LMA facility documentationPDF12/09/2018PDF
LMA Recommended Timeline for Settlement of Primary Syndication Incorporating Delayed Settlement CompensationPDF30/01/2018PDF
LMA note on documentary implications of Brexit for LMA facility documentationPDF06/09/2016PDF
ICE LIBOR and EURIBOR refixing policies and LMA facility documentationPDF01/06/2016PDF
LMA note on supplement to finance parties' rights clause in LMA facility documentationPDF28/10/2015PDF
LIBOR code of conduct and revised LMA facility documentation guidance notePDF12/11/2014PDF
Auditor choice provisions in LMA facility documentation guidance notePDF12/11/2014PDF
November 2014 revisions summary notePDF12/11/2014PDF
A guidance note on FATCA for agents in Model II IGA jurisdictionsWord25/09/2014PDF
LMA note discussing the impact of LIBOR transition to ICE on the legacy LMA LIBOR definitionsPDF23/01/2014PDF
LMA note on IBORPDF30/07/2013PDF
Note to members on withdrawal of recommended mandatory costsPDF24/04/2013PDF
Jurisdiction clauses in LMA facility documentationPDF24/01/2013PDF
Legacy 2012 FATCA guidancePDF09/02/2012PDF
LMA note on the Basel III liquidity coverage ratio and loan documentationPDF13/07/2011PDF

Investment Grade

> Guidance

Name of DocumentFormatsDate RevisedMarkup
LMA Users Guide to Confidentiality Undertakings (English law)PDF15/08/2018PDF
LMA Front Running Letter of Undertaking Users GuidePDF08/03/2018PDF
Explanatory Memo relating to Mandate Letters, Commitment Letters, Front Running Letters, Syndication Closing Timeline & Syndication Decision ChartsPDF24/02/2009PDF

> Term sheets, mandate letters, commitment letters, front running undertakings, timeline and decision charts

Name of DocumentFormatsDate RevisedMarkup
Agency Details FormWord02/08/2018PDF
Administration Detail FormWord31/05/2018PDF
LMA Mandate Letter - Best EffortsWord08/03/2018PDF
LMA Mandate Letter - UnderwrittenWord08/03/2018PDF
LMA Confidentiality and Front Running Letter for Primary SyndicationWord08/03/2018PDF
LMA Front Running Letter of UndertakingWord08/03/2018PDF
LMA Confidentiality Undertaking for disclosure by potential initial lenders subscribers to credit protection providersWord08/03/2018PDF
LMA Recommended Timeline for Settlement of Primary Syndication Incorporating Delayed Settlement CompensationPDF30/01/2018PDF
LMA Term SheetWord18/07/2017PDF
LMA Syndicate Member Commitment Letter for Primary Syndication - for initial commitment without approval of documentationWord24/02/2009PDF
LMA Syndicate Member Commitment Letter For Primary Syndication - for final commitment with approval of documentationWord24/02/2009PDF
Syndication Decision Chart - Unsuccessful SyndicationPDF24/02/2009PDF
Syndication Decision Chart - Successful SyndicationPDF24/02/2009PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
Users Guide to Investment Grade Primary documentationPDF21/12/2018PDF
Users Guide to LMA Finance Party Default Clauses in Conjunction with the LMA Recommended Form of Primary DocumentPDF21/12/2018PDF
Summary Note re Jan 2012 Changes to Swingline Options & Finance Party Default ClausesPDF20/01/2012PDF
Summary Note re Dec 2011 changes to LMA Primary Documents & Finance Party Default & Market Disruption ClausesPDF23/12/2011PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
LMA Multicurrency Term and Revolving Facilities AgreementWord21/12/2018PDF
LMA Multicurrency Term and Revolving Facilities Agreement with Letter of CreditWord21/12/2018PDF
LMA Multicurrency Term and Revolving Facilities Agreement incorporating a Swingline facilityWord21/12/2018PDF
LMA Multicurrency Term Facility AgreementWord21/12/2018PDF
LMA Multicurrency Revolving Facility AgreementWord21/12/2018PDF
LMA Multicurrency Revolving Facilities Agreement incorporating a Swingline facilityWord21/12/2018PDF
LMA Single Currency Term and Revolving Facilities AgreementWord21/12/2018PDF
LMA Single Currency Term and Revolving Facilities Agreement incorporating a Swingline facilityWord21/12/2018PDF
LMA Single Currency Term Facility AgreementWord21/12/2018PDF
LMA Single Currency Revolving Facility AgreementWord21/12/2018PDF
LMA Single Currency Revolving Facilities Agreement incorporating a Swingline facilityWord21/12/2018PDF
Domestic Benchmark Slot-in SchedulesWord21/12/2018PDF
LMA Recommended Form of Designated Entity Clause and User GuideWord21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF

Leveraged - Senior/Mezzanine

> Guidance

Name of DocumentFormatsDate RevisedMarkup
Users Guide to Forms of Fronted Agreements for Leveraged Acquisition Finance TransactionsPDF21/12/2018PDF
LMA Users Guide to Confidentiality Undertakings (English law)PDF15/08/2018PDF
LMA Front Running Letter of Undertaking Users GuidePDF08/03/2018PDF
Explanatory Memo Relating To Mandate Letters, Commitment Letters, Front Running Letters, Syndication Closing Timeline & Syndication Decision ChartsPDF24/02/2009PDF

> Term sheets, mandate letters, commitment letters, front running undertakings, timeline and decision charts

Name of DocumentFormatsDate RevisedMarkup
Agency Details FormWord02/08/2018PDF
Administration Detail FormWord31/05/2018PDF
LMA Mandate Letter - Best EffortsWord08/03/2018PDF
LMA Mandate Letter - UnderwrittenWord08/03/2018PDF
LMA Confidentiality and Front Running Letter for Primary SyndicationWord08/03/2018PDF
LMA Front Running Letter of UndertakingWord08/03/2018PDF
LMA Confidentiality Undertaking for disclosure by potential initial lenders subscribers to credit protection providersWord08/03/2018PDF
LMA Recommended Timeline for Settlement of Primary Syndication Incorporating Delayed Settlement CompensationPDF30/01/2018PDF
Leveraged Term SheetWord18/07/2017PDF
LMA Syndicate Member Commitment Letter for Primary Syndication - for initial commitment without approval of documentationWord24/02/2009PDF
LMA Syndicate Member Commitment Letter For Primary Syndication - for final commitment with approval of documentationWord24/02/2009PDF
Syndication Decision Chart - Unsuccessful SyndicationPDF24/02/2009PDF
Syndication Decision Chart - Successful SyndicationPDF24/02/2009PDF

> Fronted Agreements

Name of DocumentFormatsDate RevisedMarkup
Fronted Distribution AgreementWord21/12/2018PDF
Fronted Funding and Distribution AgreementWord21/12/2018PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
Users Guide to Form of Facility Agreement for Leveraged Acquisition Finance TransactionsPDF21/12/2018PDF
Financial Covenants Provisions Users GuidePDF21/12/2018PDF
Mezzanine Facility Agreement Drafting Guide for Leveraged Acquisition Finance TransactionsPDF21/12/2018PDFPDF
LMA note on the changes to leveraged documentation - November 2016PDF18/11/2016PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
LMA Leveraged Facilities AgreementWord21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord16/10/2018PDF
Explanatory Letter re. changes to Senior Multicurrency Facilities agreementPDF14/09/2012PDF

> Facility Agreement Slot-in Clauses

Name of DocumentFormatsDate RevisedMarkup
Domestic Benchmark Slot-in SchedulesWord21/12/2018PDF
LMA Recommended Form of Designated Entity Clause and Users GuideWord21/12/2018PDF
Rider permitting disclosure to numbering service providers and administration/settlement service providersWord18/07/2017PDF

> Financial Covenants

Name of DocumentFormatsDate RevisedMarkup
Financial Covenants ProvisionsWord21/12/2018PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
LMA Intercreditor User GuidePDF21/12/2018PDF
Memorandum explaining revisions to Intercreditor Agreement - September 2012PDF14/09/2012PDF

> Documentation

Name of DocumentFormatsDate RevisedMarkup
LMA Intercreditor AgreementWord21/12/2018PDF
Name of DocumentFormatsDate RevisedMarkup
LMA Hedging LetterWord21/06/2018PDF
Form of letter re permission to disclose information to numbering service providers and administration/settlement service providersWord18/07/2017PDF

Leveraged/High Yield

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide to Super Senior Multicurrency Revolving Facility AgreementPDF21/12/2018PDF
User Guide to Super Senior Multicurrency Revolving Facility Agreement with HY NotesPDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
Super Senior Multicurrency Revolving Facility AgreementWord21/12/2018PDF
Super Senior Multicurrency Revolving Facility Agreement with HY notesWord21/12/2018PDF
Domestic Benchmark Slot-in SchedulesWord21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide to Super Senior LMA Intercreditor AgreementPDF21/12/2018PDF
User Guide to Super Senior LMA Intercreditor Agreement with HY NotesPDF21/12/2018PDF

> Documentation

Name of DocumentFormatsDate RevisedMarkup
LMA Super Senior Intercreditor Agreement with HY NotesWord21/12/2018PDF
LMA Super Senior Intercreditor AgreementWord21/12/2018PDF

Leveraged - Super Senior/Senior

> Guidance

Name of DocumentFormatsDate RevisedMarkup
Users guide to form of Intercreditor Agreement for Leveraged Acquisition Finance Transactions (Super Senior/Senior)PDF21/12/2018PDF

> Documentation

Name of DocumentFormatsDate RevisedMarkup
Intercreditor Agreement for Leveraged Acquisition Finance Transactions (Super Senior/Senior)Word21/12/2018PDF

Real Estate Finance

Name of DocumentFormatsDate RevisedMarkup
REF Term Sheet for Multiproperty Investment TransactionsWord18/11/2016PDF
REF Term Sheet for Euro Term Facility Agreement (German law, German language)Word18/11/2016PDF
REF Term Sheet for Development TransactionsWord18/11/2016PDF
REF Term Sheet for Euro Term Facility Agreement (German law)Word18/11/2016PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide to Real Estate Finance Multiproperty Investment Facility AgreementPDF21/12/2018PDF
User Guide to Real Estate Finance Development Facility AgreementPDF21/12/2018PDF
Users Guide to the German Law version of form of Facility Agreement for use in Real Estate Finance Multiproperty Investment TransactionsPDF21/12/2018PDF
Users Guide to the German Law (German language) version of form of Facility Agreement for use in Real Estate Finance Multiproperty Investment TransactionsPDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment TransactionsWord21/12/2018PDF
Single Currency Term Facility Agreement for Real Estate Finance Development TransactionsWord21/12/2018PDF
Domestic Benchmark Slot-in SchedulesWord21/12/2018PDF
REF Financial Covenant Cure RiderWord21/12/2018PDF
Euro Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions (German Language, German Law Version)Word21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF
Euro Term Facility Agreement For Real Estate Finance Multiproperty Investment Transactions (English Language, German Law Version)Word21/12/2018PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
Senior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance TransactionsPDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
LMA Senior Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions Word21/12/2018PDF
Mark-up of the new Senior Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions as against the Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions PDF21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF
Domestic Benchmark Slot-in Schedules Word21/12/2018PDF
REF Financial Covenant Cure RiderWord21/12/2018PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
LMA Intercreditor User Guide for Real Estate Finance TransactionsPDF21/12/2018PDF
LMA Intercreditor User Guide for Real Estate Finance Transactions (contractual subordination only)PDF21/12/2018PDF

> Documentation

Name of DocumentFormatsDate RevisedMarkup
LMA Intercreditor Agreement for Real Estate Finance TransactionsWord21/12/2018PDF
LMA Intercreditor Agreement for Real Estate Finance Transactions (contractual subordination only)Word21/12/2018PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide for Insurance Broker LetterPDF21/12/2018PDF
REF Security Agreement User GuidePDF21/12/2018PDF

> Documentation

Name of DocumentFormatsDate RevisedMarkup
LMA Insurance Broker LetterWord21/12/2018PDF
REF Security AgreementWord21/12/2018PDF

Schuldscheindarlehen

> Guidance

Name of DocumentFormatsDate RevisedMarkup
LMA Schuldschein Loan User GuidePDF21/12/2018PDF

> Loan Agreements

Name of DocumentFormatsDate RevisedMarkup
LMA Schuldschein Loan Agreement (single borrower)Word21/12/2018PDF
LMA Schuldschein Loan Agreement (with guarantee)Word21/12/2018PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
LMA Schuldscheindarlehensvertrag NutzerleitfadenPDF21/12/2018PDF

> Loan Agreements

Name of DocumentFormatsDate RevisedMarkup
LMA SchuldscheindarlehensvertragWord21/12/2018PDF
LMA Schuldscheindarlehensvertrag (mit Garantie) Word21/12/2018PDF

Private Placement

Name of DocumentFormatsDate RevisedMarkup
PEPP Confidentiality LetterWord08/03/2018PDF
PEPP Term SheetWord07/12/2017PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
PEPP User GuidePDF21/12/2018PDF
ITPP User GuidePDF21/12/2018PDF

> Agreements

Name of DocumentFormatsDate RevisedMarkup
PEPP Facility AgreementWord21/12/2018PDF
PEPP Subscription AgreementWord21/12/2018PDF
ITPP Subscription AgreementWord21/12/2018PDF
ITPP Facility AgreementWord21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF

Commodity Finance

> Term Sheet

Name of DocumentFormatsDate RevisedMarkup
LMA Pre-Export Finance Term SheetWord16/02/2015PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide to PXF Facility Agreement PDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
Single Currency Term Facility Agreement for Pre-Export Finance TransactionsWord21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF
Domestic Benchmark Slot-in SchedulesPDF18/07/2017PDF

Export Finance

> Guidance

Name of DocumentFormatsDate RevisedMarkup
Users guide to form of single currency export finance buyer credit agreementPDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
Single currency term facility agreement for use in export finance buyer credit transactionsWord21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF

Developing Markets

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide to Developing Markets Facility AgreementPDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
Single Currency Revolving Facility Agreement with Letter of Credit for Developing Markets TransactionsWord21/12/2018PDF
Single Currency Term Facility Agreement for Developing Markets TransactionsWord21/12/2018PDF
Single Currency Revolving Facility Agreement for Developing Markets TransactionsWord21/12/2018PDF
Single Currency Term and Revolving Facilities Agreement for Developing Markets Transactions Word21/12/2018PDF
Dual Currency Term Facilities Agreement for Developing Markets TransactionsWord21/12/2018PDF
Secured Single Currency Term Facility Agreement for Developing Markets TransactionsWord21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF
Domestic Benchmark Slot-in SchedulesPDF18/07/2017PDF

South African Law Investment Grade

> Confidentiality agreement for primary syndication

Name of DocumentFormatsDate RevisedMarkup
LMA Confidentiality Letter for Primary Syndication for use in South AfricaWord09/05/2017PDF

> Confidentiality rider - front running

Name of DocumentFormatsDate RevisedMarkup
LMA Front Running Confidentiality RiderWord09/05/2017PDF

> Confidentiality rider - information barriers and standstill

Name of DocumentFormatsDate RevisedMarkup
LMA Information Barrier and Standstill Confidentiality RiderWord09/05/2017PDF

> Mandate letters

Name of DocumentFormatsDate RevisedMarkup
LMA Mandate Letter - Best EffortsWord01/03/2018PDF
LMA Mandate Letter - UnderwrittenWord01/03/2018PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide to South African Law Facility AgreementsPDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
Unsecured Single Currency Multiple Borrower Term and Revolving Facilities AgreementWord21/12/2018PDF
Unsecured Single Currency Multiple Borrower Term Facilities AgreementWord21/12/2018PDF
Unsecured Single Currency Single Borrower Term and Revolving Facilities AgreementWord21/12/2018PDF
Unsecured Single Currency Single Borrower Term Facilities AgreementWord21/12/2018PDF
Single Currency Secured Term Facilities AgreementWord21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord16/10/2018PDF

Local African Law

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide to Facility Agreements for Use in Kenya, Nigeria, Tanzania, Uganda and ZambiaPDF21/12/2018PDF
Zimbabwe LMA Facility Agreement User GuidePDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
East Africa, Nigeria and Zambia Single Currency Secured and Unsecured Term Facilities AgreementWord21/12/2018PDF
Zimbabwean Single Currency Secured Term Facility AgreementWord21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF

French Law Investment Grade

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide to French Law Multicurrency Term and Revolving Facilities AgreementPDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
French Law LMA Multicurrency Term and Revolving Facilities Agreement (English)Word21/12/2018PDF
French Law LMA Multicurrency Term and Revolving Facilities Agreement (French Translation)Word21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF

German Law Investment Grade

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide to German Law Multicurrency Term and Revolving Facility AgreementPDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
German Law Multicurrency Term and Revolving Facility AgreementWord02/01/2019PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF

Spanish Law Investment Grade

> Guidance

Name of DocumentFormatsDate RevisedMarkup
User Guide to Spanish Law Multicurrency Term and Revolving Facility Agreement (English)PDF21/12/2018PDF
User Guide to Spanish Law Multicurrency Term and Revolving Facility Agreement (Spanish)PDF21/12/2018PDF

> Facility Agreements

Name of DocumentFormatsDate RevisedMarkup
Spanish Law Multicurrency Term and Revolving Facility Agreement (Spanish)Word21/12/2018PDF
LMA Recommended Revised Form of Replacement Screen Rate Clause and Users GuideWord21/12/2018PDF

Green & Sustainable Finance

Name of DocumentFormatsDate RevisedMarkup
Green Loan PrinciplesPDF11/12/2018PDF
Name of DocumentFormatsDate RevisedMarkup
Sustainability Linked Loan PrinciplesPDF20/03/2019PDF

Release & Reliance Letters

Name of DocumentFormatsDate RevisedMarkup
Guidance Note To Release And Reliance Letters For Leveraged Finance TransactionsPDF21/12/2018PDF
Template LMA Release & Reliance LettersWord26/03/2015PDF

Secondary Debt Trading

Name of DocumentFormatsDate RevisedMarkup
LMA Trade Recap Template PDF30/09/2018PDF
LMA Grantor Credit Risk PaperPDF09/10/2017PDF
ERISA Introduction and Explanation of Recent ChangesPDF25/09/2017PDF
LMA Explanatory Note relating to Proceeds LetterPDF03/03/2014PDF
FATCA riders for LMA secondary debt trading documentation - HISTORICPDF03/03/2014PDF
LMA Pricing Panel Rules - HISTORICPDF03/03/2014PDF
Name of DocumentFormatsDate RevisedMarkup
LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims)PDF25/09/2017PDF
LMA Standard Terms and Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims)PDF27/06/2017PDF
LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims)PDF20/04/2016PDF
LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims)PDF16/12/2015PDF
LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims)PDF17/02/2015PDF
LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank/Debt Claims)PDF03/03/2014PDF
LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank/Debt Claims)PDF14/05/2012PDF
LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank/Debt Claims)PDF27/06/2011PDF
LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/ClaimsPDF24/03/2011PDF
LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims)PDF25/01/2010PDF
Par Terms and Conditions January 2009PDF05/01/2009PDF
Distressed Terms and Conditions January 2009PDF05/01/2009PDF
Par Standard Terms and Conditions published as at 24 December 2008 (applicable to a Trade Date on or after 3 September 2008)PDF03/09/2008PDF
Distressed Standard Terms and Conditions published as at 24 December 2008 (revision date of 1 February 2008)PDF01/02/2008PDF
LMA Par Terms and Conditions December 2007PDF21/12/2007PDF
LMA Par Terms & ConditionsPDF02/05/2006PDF
LMA Par Terms & Conditions - includes competition rubricPDF02/05/2006PDF
LMA Distressed Terms & Conditions Oct '05PDF03/10/2005PDF
LMA Distressed Terms & Conditions Oct '05 - includes competition rubricPDF03/10/2005PDF
LMA Par Terms & ConditionsPDF15/09/2005PDF
LMA Par Terms & ConditionsPDF02/01/2003PDF
LMA Par Terms & Conditions - includes competition rubricPDF02/01/2003PDF
LMA Distressed Terms & Conditions Oct '01PDF01/10/2001PDF
LMA Par Terms & ConditionsPDF26/04/2001PDF
LMA Distressed Terms & Conditions Apr '01PDF02/04/2001PDF
Name of DocumentFormatsDate RevisedMarkup
LMA Secondary Trading Documentation User GuidePDF25/09/2017PDF
LMA Secondary Trading Documentation User GuidePDF20/04/2016PDF
LMA Trade Confirmation (Bank Debt)Word16/12/2015PDF
LMA Trade Confirmation (Claims)Word16/12/2015PDF
LMA Trade Confirmation (Risk Participation)Word16/12/2015PDF
Secondary Trading Documentation User GuidePDF17/02/2015PDF
LMA Funded Participation (Par/Distressed)PDF02/12/2014PDF
LMA Risk Participation (Par)PDF02/12/2014PDF
LMA Master Risk Participation Agreement (Par)PDF02/12/2014PDF
LMA Funded Participation (Distressed/Claims)PDF02/12/2014PDF
LMA Funded/Risk Participation (Par)PDF02/12/2014PDF
LMA Master Funded Participation Agreement (Par/Distressed)PDF02/12/2014PDF
LMA Trade Confirmation (Bank Debt)PDF03/03/2014PDF
LMA Trade Confirmation (Claims)PDF14/05/2012PDF
LMA Trade Confirmation (Risk Participation)PDF14/05/2012PDF
LMA Trade Confirmation (Claims)PDF27/06/2011PDF
LMA Secondary Trading Documentation User GuidePDF27/06/2011PDF
LMA Trade Confirmation (Bank Debt)PDF24/03/2011PDF
LMA Trade Confirmation (Risk Participation)PDF24/03/2011PDF
LMA Multilateral Termination & Transfer Agreement (Novation)PDF30/06/2010PDF
LMA Funded Participation (Par/Distressed)PDF04/04/2010PDFPDF
LMA Assignment (Bank Debt)PDF04/01/2010PDFPDF
LMA Assignment (Distressed/Claims)PDF04/01/2010PDF
LMA Master Funded Participation Agreement (Par/Distressed)PDF04/01/2010PDF
LMA Master Risk Participation Agreement (Par)PDF04/01/2010PDF
LMA Risk Participation (Par)PDF04/01/2010PDF
LMA Funded/Risk Participation (Par)PDF04/01/2010PDF
LMA Risk to Funded Participation (Par)PDF04/01/2010PDF
LMA Confidentiality Letter (Seller)PDF04/01/2010PDF
LMA Confidentiality Letter (Purchaser)PDF04/01/2010PDF
LMA Confidentiality Letter (Seller's Agent/Broker)PDF04/01/2010PDF
LMA Confidentiality Letter (Purchaser's Agent/Broker)PDF04/01/2010PDF
LMA Master Confidentiality Undertaking for Admin/Settlement Service ProvidersPDF04/01/2010PDF

> Guidance

Name of DocumentFormatsDate RevisedMarkup
LMA Secondary Debt Trading Documentation User GuidePDF30/01/2019PDF
Issues To Be Considered Prior To/Immediately After A TradePDF15/08/2017PDF
LMA Guidance Note - LMA Recommended forms of Secondary Debt Trading DocumentationPDF03/02/2011PDF

> Core Trade Documentation

Name of DocumentFormatsDate RevisedMarkup
LMA Trade Confirmation (Bank Debt)Word29/10/2018PDF
LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims)PDF29/10/2018PDF
LMA Trade Confirmation (Claims)Word29/10/2018PDF
LMA Trade Confirmation (Risk Participation)Word29/10/2018PDF
LMA Master Funded Participation Agreement (Par/Distressed)Word29/10/2018PDF
LMA Master Risk Participation Agreement (Par)Word29/10/2018PDF
LMA Funded Participation (Distressed/Claims)Word29/10/2018PDF
LMA Funded Participation (Par/Distressed)Word29/10/2018PDF
LMA Risk Participation (Par)Word29/10/2018PDF
LMA Funded/Risk Participation (Par)Word29/10/2018PDF
LMA Risk to Funded Participation (Par)Word29/10/2018PDF
LMA Form of Early Termination Amount Statement for Par & Distressed Trade TransactionsWord17/02/2015PDF
LMA Buy-In/Sell-Out NoticeWord03/03/2014PDF
LMA Purchase Price NoticeWord03/03/2014PDF
LMA Price Dispute Notice - HISTORICWord03/03/2014PDF
LMA Assignment (Bank Debt)Word24/03/2011PDF
LMA Assignment (Distressed/Claims)Word24/03/2011PDF
LMA Transfer Agreement (Bank Debt)Word04/01/2010PDFPDF
LMA Termination Notice (Par & Distressed)Word04/01/2010PDF

> Termination Agreements

Name of DocumentFormatsDate RevisedMarkup
LMA Multilateral Termination & Transfer Agreement (Novation)Word03/03/2014PDF
LMA Bilateral Termination and Transfer AgreementWord14/05/2012PDF
LMA Termination AgreementWord14/05/2012PDF

> Confidentiality

Name of DocumentFormatsDate RevisedMarkup
LMA Master Confidentiality Undertaking for Admin / Settlement Service ProvidersWord12/11/2014PDF
LMA Confidentiality Letter (Seller)Word24/03/2011PDF
LMA Confidentiality Letter (Purchaser)Word24/03/2011PDF
LMA Confidentiality Letter (Seller's Agent/Broker)Word24/03/2011PDF
LMA Confidentiality Letter (Purchaser's Agent/Broker)Word24/03/2011PDF
LMA Master Confidentiality UndertakingWord24/03/2011PDF

> Netting Agreements

Name of DocumentFormatsDate RevisedMarkup
LMA Multilateral Netting AgreementWord03/03/2014PDF
LMA Bilateral Netting AgreementWord03/03/2014PDF

Restructuring

Name of DocumentFormatsDate RevisedMarkup
LMA Coordinating Committee RiderWord07/12/2016PDF
Form of Letter to Company governing appointment of Coordinator and Coordinating CommitteeWord07/12/2016PDF
Form of Letter to Lenders governing the appointment of Coordinator and Coordinating CommitteeWord07/12/2016PDF
LMA guidance notes on role of coordinator and coordinating committeePDF07/12/2016PDF

Bail-in Clause

Name of DocumentFormatsDate RevisedMarkup
The LMA Recommended Form of Bail-in Clause and Users GuideWord24/04/2019PDF
EU Bail-in Legislation SchedulePDF28/01/2019PDF
Joint LMA and LSTA Statement on the Publication of the LMA and LSTA Bail-In ClausesPDF22/12/2015PDF
LSTA Form of Bail-In ClauseWord22/12/2015PDF

General

Name of DocumentFormatsDate RevisedMarkup
Key competition law areas of awareness for LMA MembersPDF25/04/2016PDF
Notice on the Application of Competition Law to Syndicated Loan ArrangementsPDF30/05/2014PDF
Name of DocumentFormatsDate RevisedMarkup
Users Guide to Islamic Finance DocumentsPDF25/11/2013PDF
Name of DocumentFormatsDate RevisedMarkup
Dealing with confidential and price sensitive informationPDF24/11/2010PDF
Private and Inside Information in the Loan MarketPDF24/11/2010PDF
JMPF European SupplementPDF10/05/2005PDF
US JMPF Paper Oct 2003PDF13/01/2005PDF

Brexit

Name of DocumentFormatsDate RevisedMarkup
Supplemental guidance note on the implications of Brexit for jurisdiction provisions in LMA facility documentationPDF10/04/2019PDF
LMA Recommended Form of Designated Entity Clause and User GuidePDF21/12/2018PDF
LMA supplementary note on documentary implications of Brexit for LMA facility documentationPDF12/09/2018PDF
LMA note on documentary implications of Brexit for LMA facility documentationPDF06/09/2016PDF

LIBOR

These Materials (which term includes, where the context permits, text, content, spreadsheets incorporating macros and electronic interfaces, and their underlying assumptions, conversions, formulae, algorithms, calculations and other mathematical and financial techniques) are made available to members of the Loan Market Association in accordance with the byelaws of the Loan Market Association (a copy of which is available here) to facilitate the documentation of transactions in the loan markets. None of the Loan Market Association, Allen & Overy or Clifford Chance accept any responsibility for any use to which these Materials may be put or for any loss, damage or liability whatsoever arising from such use. None of the Loan Market Association, Allen & Overy or Clifford Chance has reviewed the laws of any jurisdiction which may apply to either party to an agreement using these Materials and its subject matter. Members should therefore consider all the relevant legal, accounting and regulatory issues before using these Materials or entering into a transaction under them and, if appropriate, consult their professional advisers.

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For further information on members' rights and obligations in relation to these Materials, please refer to the articles of association and byelaws of the Loan Market Association (copies of which are available here) or contact the Loan Market Association at lma@lma.eu.com.