the authoritative voice of the EMEA market

Issues and Guidance

Name of DocumentFormatsDate RevisedMarkup
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
2014 summary note on FATCAWord05/11/2015PDF
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
Guidance note: United States and European Union sanctionsPDF15/07/2014PDF
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

See the 'Issues and Guidance' tab on the left-hand side for further information and guidance when using LMA documentation.

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 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.

In relation to recommended form documents, members are responsible for ensuring that the precise form and content of the documentation for a particular transaction is appropriate. Members should therefore satisfy themselves that the documents and any modifications to them are appropriate in the circumstances and the economic intentions of the parties.

The Loan Market Association consents to the use, reproduction and transmission of these Materials by members of the Loan Market Association only for the preparation and documentation of agreements relating to transactions or potential transactions in the loan markets. The Loan Market Association does not consent to the use, reproduction or transmission of these Materials for any other purpose, in any other manner or by any other person and expressly reserves all other rights.