Documents & Guidelines

We endeavour to keep our documentation under constant review to ensure that it continues to meet the aims and needs of the primary and secondary loan markets.

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.

We are widely regarded as the body that establishes guidelines for the EMEA syndicated loan market. These are, by their nature, wide-ranging and relate to both primary and secondary markets.

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LMA publishes first in a series of Leveraged Focus notes to promote greater understanding of the terms of the TLB product (23 September 2024)

On 23 September 2024, we published the first in a series of Leveraged Focus notes. These are intended to promote a greater understanding of the terms of the typical TLB product and the potential pressure points associated with TLB terms. 

The first Leveraged Focus note is available here and highlights the key differences between a TLB and LMA leveraged covenant package. This sets the scene for further upcoming notes on key documentary topics including liability management exercises, transferability, financial covenants and much more.

LMA publishes multi-jurisdictional African facility agreement to assist investors with cross-border lending on the continent (24 June 2024)

On 24 June 2024, the LMA published a new USD Term SOFR loan agreement, governed by English law while assuming a variety of African borrowers/guarantors including Mauritius, Ghana, Nigeria, Kenya, Tanzania, Uganda and Zambia.

This aims to promote certainty for investors lending into Africa via the “Mauritian Holdco Structure”, whereby international investment is channelled into a Mauritian parent “Holdco” and “on-lent” to operating subsidiaries in the relevant African countries. Mauritius is popular due to a lack of foreign exchange controls, a strategic location, economic, political and legal stability, a raft of double tax treaties with other African countries and a skilled, bilingual workforce.

To access the document, please click here.

 

LMA publishes new guidance and revised documentation to support the export finance market (10 June 2024)

We are pleased to have published a new guidance note on untied ECA financing, updated buyer credit documentation, and a supporting statement from the LMA’s Export Finance Working Party. 

Given the single currency nature of the buyer credit facility, there are now three variations of the buyer credit facility agreement:

  • Agreement for compounded RFR use upfront (compounded SONIA and compounded SOFR)
  • Agreement for term RFR use upfront (term SOFR and term SONIA)
  • Agreement for use of EURIBOR with fallbacks to compounded €STR

We have also published a new term SONIA commentary. The User Guide has also been expanded to cover commonly discussed areas. The new guidance and revised documentation can be accessed on the Export Finance section of the Documents Index page.

LMA publishes guidance on documentary considerations when dealing with sovereign obligors (7 June 2024)

We are pleased to have published a guidance note which sets out documentary considerations when dealing with a sovereign borrower or guarantor. The guidance has been produced following demand from our members, partly driven by recent experiences in the market in respect of sovereign distress cases.

The guidance note is intended to be a helpful tool for lenders, investors, borrowers and advisers of the relevant considerations in the context of dealing with sovereign obligors (which includes for these purposes a state-owned entity). 

The note can be found under the Issues and Guidance, Export Finance and Developing Markets sections of the Documents Index.

LMA publishes recommended form of extension option and users guide (21 May 2024)

On 21 May 2024, we are pleased to have published a form of drafting of an extension option for users of our recommended forms of facility agreements for investment grade transactions. 

The intention of the extension option is to provide a position that broadly reflects general market practice for an extension option in a syndicated facility to a corporate borrower with an investment grade credit rating. As with all our recommended form documents, it is recognised that the negotiated terms of individual extension options can vary widely and the extension option seeks to provide a sensible starting point only. The users guide sets out the basis on which the extension option is drafted, as well as highlighting in a non-exhaustive manner some of the negotiation points which may arise.

Documents Index

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Name of Document FormatsDate Revised Markup
Name of DocumentRFR Destination TableFormatsWordDate Revised10/06/2024MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA note on the Basel III liquidity coverage ratio and loan documentationFormatsPDFDate Revised13/07/2011MarkupPDF
Name of DocumentLegacy 2012 FATCA guidanceFormatsPDFDate Revised09/02/2012MarkupPDF
Name of DocumentJurisdiction clauses in LMA facility documentationFormatsPDFDate Revised24/01/2013MarkupPDF
Name of DocumentNote to members on withdrawal of recommended mandatory costsFormatsPDFDate Revised24/04/2013MarkupPDF
Name of DocumentLMA note on IBORFormatsPDFDate Revised30/07/2013MarkupPDF
Name of DocumentLMA note discussing the impact of LIBOR transition to ICE on the legacy LMA LIBOR definitionsFormatsPDFDate Revised23/01/2014MarkupPDF
Name of DocumentA guidance note on FATCA for agents in Model II IGA jurisdictionsFormatsWordDate Revised25/09/2014MarkupPDF
Name of DocumentLIBOR code of conduct and revised LMA facility documentation guidance noteFormatsPDFDate Revised12/11/2014MarkupPDF
Name of DocumentAuditor choice provisions in LMA facility documentation guidance noteFormatsPDFDate Revised12/11/2014MarkupPDF
Name of DocumentNovember 2014 revisions summary noteFormatsPDFDate Revised12/11/2014MarkupPDF
Name of DocumentLMA note on supplement to finance parties' rights clause in LMA facility documentationFormatsPDFDate Revised28/10/2015MarkupPDF
Name of DocumentICE LIBOR and EURIBOR refixing policies and LMA facility documentationFormatsPDFDate Revised01/06/2016MarkupPDF
Name of DocumentLMA note on documentary implications of Brexit for LMA facility documentationFormatsPDFDate Revised06/09/2016MarkupPDF
Name of DocumentLMA supplementary note on documentary implications of Brexit for LMA facility documentationFormatsPDFDate Revised12/09/2018MarkupPDF
Name of DocumentGuidance note: United States and European Union sanctionsFormatsPDFDate Revised06/12/2018MarkupPDF
Name of Document2014 summary note on FATCAFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentEONIA – planned change in methodology and discontinuationFormatsPDFDate Revised01/05/2019MarkupPDF
Name of DocumentLMA note on QFC Stay Rules and syndicated loansFormatsPDFDate Revised16/05/2019MarkupPDF
Name of DocumentLMA Revised Replacement of Screen Rate Clause and considerations in respect of credit adjustment spreadsFormatsPDFDate Revised07/08/2019MarkupPDF
Name of Document€STR publication and changes to EONIAFormatsPDFDate Revised02/10/2019MarkupPDF
Name of DocumentLMA Note on Coronavirus Large Business Interruption Loan SchemeFormatsPDFDate Revised25/06/2020MarkupPDF
Name of DocumentLMA Brexit documentary implications – Consolidated and Updated Note FormatsPDFDate Revised19/11/2020MarkupPDF
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
Name of DocumentLMA Erroneous Payment ClauseFormatsPDFDate Revised30/06/2021MarkupPDF
Name of DocumentLMA note on documentary implications for the replacement of TARGET2FormatsPDFDate Revised16/02/2023MarkupPDF
Name of DocumentLMA Recommended Timeline for Settlement of Primary Syndication of Leveraged Transactions Incorporating Fault Based Delayed Settlement CompensationFormatsPDFDate Revised17/04/2024MarkupPDF
Name of DocumentDAC6, MDR and LMA recommended forms of facility documentationFormatsPDFDate Revised02/05/2024MarkupPDF
Name of DocumentLMA note on sovereign obligor considerationsFormatsPDFDate Revised07/06/2024MarkupPDF
Name of DocumentMember alert - sovereign obligor guidance noteFormatsPDFDate Revised07/06/2024MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLMA term sheet for multicurrency term and revolving facilities agreements incorporating rate switch provisions (lookback [without]/[with] observation shift)FormatsWordDate Revised28/05/2021MarkupPDF
Name of DocumentLMA recommended form of multicurrency term and revolving facilities agreement incorporating rate switch provisions (lookback without observation shift)FormatsWordDate Revised28/05/2021MarkupPDF
Name of DocumentLMA recommended form of multicurrency term and revolving facilities agreement incorporating rate switch provisions (lookback with observation shift)FormatsWordDate Revised28/05/2021MarkupPDF
Name of DocumentCommentary to the LMA recommended form of multicurrency term and revolving facilities agreements incorporating rate switch provisions (lookback without and with observation shift)FormatsWordDate Revised28/05/2021MarkupPDF
Name of DocumentMember alertFormatsPDFDate Revised28/05/2021MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA Recommended Revised Form of Replacement Screen Rate Clause and Users Guide (Please note that this clause was incorporated into the LMA facility agreements as of 28 February 2020)FormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentNote on the Revised Replacement of Screen Rate Clause and documentary recommendations published by the Working Group on Sterling Risk-Free Reference Rates FormatsWordDate Revised24/08/2020MarkupPDF
Name of DocumentNote on the Revised Replacement of Screen Rate Clause and pre-cessation triggerFormatsWordDate Revised21/10/2020MarkupPDF
Name of DocumentMember alert FormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentRFR Terms for Replacement of Screen Rate Clause FormatsWordDate Revised30/03/2021MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA note on IBORFormatsPDFDate Revised30/07/2013MarkupPDF
Name of DocumentLMA note discussing the impact of LIBOR transition to ICE on the legacy LMA LIBOR definitionsFormatsPDFDate Revised23/03/2014MarkupPDF
Name of DocumentLIBOR code of conduct and revised LMA facility documentation guidance noteFormatsPDFDate Revised12/11/2014MarkupPDF
Name of DocumentICE LIBOR and EURIBOR refixing policies and LMA facility documentationFormatsPDFDate Revised01/06/2016MarkupPDF
Name of DocumentEONIA – planned change in methodology and discontinuationFormatsPDFDate Revised01/05/2019MarkupPDF
Name of DocumentLMA Revised Replacement of Screen Rate Clause and considerations in respect of credit adjustment spreadsFormatsPDFDate Revised07/08/2019MarkupPDF
Name of Document€STR publication and changes to EONIAFormatsPDFDate Revised02/10/2019MarkupPDF
Name of DocumentConsiderations in respect of the use of forward-looking term SONIA reference rates FormatsPDFDate Revised26/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentTransitioning to RFRs - Practical guidance for AmendmentsFormatsPDFDate Revised03/08/2021MarkupPDF
Name of DocumentLMA Note on LMA facility documentation and the recommendations by the Euro Working Group on EURIBOR fallbacksFormatsPDFDate Revised31/03/2023MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLMA recommended form of single currency term and revolving facilities agreement incorporating backward-looking compounded rates (lookback with observation shift) FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA recommended form of single currency term and revolving facilities agreement incorporating backward-looking compounded rates (lookback without observation shift)FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA term sheet for recommended forms of single currency term and revolving facilities agreements incorporating backward-looking compounded rates (lookback [without[/[with] observation shift) FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA term sheet for recommended forms of multicurrency term and revolving facilities agreements incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (lookback [without]/[with] observation shift) FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA recommended form of multicurrency term and revolving facilities agreement incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (lookback without observation shift)FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA recommended form of multicurrency term and revolving facilities agreement incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (lookback with observation shift)FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentCommentary to the LMA recommended forms of compounded rate facilities agreements (lookback without and with observation shift) FormatsPDFDate Revised26/10/2023MarkupPDF
Name of DocumentMember alert FormatsPDFDate Revised26/10/2023MarkupPDF
Name of DocumentLMA CORRA SchedulesFormatsWordDate Revised31/10/2023MarkupPDF
Name of DocumentLMA Compounded TONA ScheduleFormatsWordDate Revised31/10/2023MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA recommended form of reference rate selection agreement for use in relation to legacy transactions and the transition to alternative reference ratesFormatsWordDate Revised04/06/2021MarkupPDF
Name of DocumentMember alert FormatsPDFDate Revised04/06/2021MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentMember alertFormatsPDFDate Revised25/05/2023MarkupPDF
Name of DocumentLMA Multicurrency Term and Revolving Facilities Agreement incorporating Term SOFR for use in Investment Grade transactionsFormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Single Currency Term and Revolving Facilities Agreement incorporating Term SOFR for use in Developing Market jurisdictionsFormatsWordDate Revised22/01/2024MarkupPDF
Name of DocumentLMA Term SOFR CommentaryFormatsWordDate Revised22/01/2024MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentOverview of fallback provisions in LMA Term €STR Fallback Exposure Draft FormatsPDFDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Term €STR Commentary FormatsPDFDate Revised01/02/2024MarkupPDF
Name of DocumentLMA Exposure Draft Multicurrency Term and Revolving Facilities Agreement incorporating Term €STR FormatsWordDate Revised01/02/2024MarkupPDF
Name of DocumentMember alertFormatsPDFDate Revised01/02/2024MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUsers guide to form of revolving facility agreement for borrowing base transactionsFormatsPDFDate Revised29/09/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentRevolving facility agreement incorporating backward-looking compounded rates (with option for lookback without or with observation shift) for use in borrowing base transactionsFormatsWordDate Revised29/09/2021MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentExplanatory Memo relating to Mandate Letters, Commitment Letters, Front Running Letters, Syndication Closing Timeline & Syndication Decision ChartsFormatsPDFDate Revised24/02/2009MarkupPDF
Name of DocumentLMA Front Running Letter of Undertaking Users GuideFormatsPDFDate Revised08/03/2018MarkupPDF
Name of DocumentLMA Users Guide to Confidentiality Undertakings (English law)FormatsPDFDate Revised15/08/2018MarkupPDF

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

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Syndicate Member Commitment Letter for Primary Syndication - for initial commitment without approval of documentationFormatsWordDate Revised24/02/2009MarkupPDF
Name of DocumentLMA Syndicate Member Commitment Letter For Primary Syndication - for final commitment with approval of documentationFormatsWordDate Revised24/02/2009MarkupPDF
Name of DocumentSyndication Decision Chart - Unsuccessful SyndicationFormatsPDFDate Revised24/02/2009MarkupPDF
Name of DocumentSyndication Decision Chart - Successful SyndicationFormatsPDFDate Revised24/02/2009MarkupPDF
Name of DocumentAdministration Detail FormFormatsWordDate Revised31/05/2018MarkupPDF
Name of DocumentAgency Details FormFormatsWordDate Revised02/08/2018MarkupPDF
Name of DocumentLMA Term SheetFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Mandate Letter - UnderwrittenFormatsWordDate Revised28/05/2021MarkupPDF
Name of DocumentLMA Confidentiality and Front Running Letter for Primary SyndicationFormatsWordDate Revised28/05/2021MarkupPDF
Name of DocumentLMA Confidentiality Undertaking for disclosure by potential initial lenders subscribers to credit protection providersFormatsWordDate Revised28/05/2021MarkupPDF
Name of DocumentLMA Mandate Letter - Best EffortsFormatsWordDate Revised28/05/2021MarkupPDF
Name of DocumentLMA Front Running Letter of UndertakingFormatsWordDate Revised28/05/2021MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentSummary Note re Dec 2011 changes to LMA Primary Documents & Finance Party Default & Market Disruption ClausesFormatsPDFDate Revised23/12/2011MarkupPDF
Name of DocumentSummary Note re Jan 2012 Changes to Swingline Options & Finance Party Default ClausesFormatsPDFDate Revised20/01/2012MarkupPDF
Name of DocumentUsers Guide to Investment Grade Primary documentationFormatsPDFDate Revised28/02/2020MarkupPDF
Name of DocumentUsers Guide to LMA Finance Party Default Clauses in Conjunction with the LMA Recommended Form of Primary DocumentFormatsPDFDate Revised28/02/2020MarkupPDF
Name of DocumentEU legislative references in LMA English law facility documentation FormatsPDFDate Revised18/11/2020MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Multicurrency Term and Revolving Facilities AgreementFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Multicurrency Term and Revolving Facilities Agreement with Letter of CreditFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Multicurrency Term and Revolving Facilities Agreement incorporating a Swingline facilityFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Multicurrency Term Facility AgreementFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Multicurrency Revolving Facility AgreementFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Multicurrency Revolving Facilities Agreement incorporating a Swingline facilityFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Single Currency Term and Revolving Facilities AgreementFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Single Currency Term and Revolving Facilities Agreement incorporating a Swingline facilityFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Single Currency Term Facility AgreementFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Single Currency Revolving Facility AgreementFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Single Currency Revolving Facilities Agreement incorporating a Swingline facilityFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentDomestic Benchmark Slot-in SchedulesFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Recommended Form of Designated Entity Clause and User GuideFormatsWordDate Revised28/02/2020MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUsers Guide to LMA Finance Party Default Clauses in Conjunction with the LMA Recommended Form of Primary DocumentFormatsPDFDate Revised28/05/2021MarkupPDF
Name of DocumentCommentary to the LMA recommended forms of compounded rate facilities agreements (lookback without and with observation shift)FormatsPDFDate Revised26/10/2023MarkupPDF
Name of DocumentMember alert - exposure draft term €STR switch documentFormatsPDFDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Term €STR Commentary FormatsPDFDate Revised26/10/2023MarkupPDF
Name of DocumentOverview of fallback provisions in LMA Term €STR Fallback Exposure Draft FormatsPDFDate Revised26/10/2023MarkupPDF
Name of DocumentMember alert - updated IG compounded rate documentationFormatsPDFDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Term SOFR CommentaryFormatsWordDate Revised22/01/2024MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Recommended form of Designated Entity Clause and User GuideFormatsWordDate Revised28/05/2021MarkupPDF
Name of DocumentLMA Single Currency Revolving Facility Agreement with/without Observation ShiftFormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Multicurrency Term Facility Agreement with/without Observation ShiftFormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Multicurrency Term and Revolving Facilities Agreement with Letter of Credit with/without Observation ShiftFormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Single Currency Term Facility Agreement with/without Observation ShiftFormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Multicurrency Revolving Facility Agreement with/without Observation ShiftFormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Multicurrency Term and Revolving Facilities Agreement incorporating a Swingline Facility with/without Observation ShiftFormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Multicurrency Term and Revolving Facilities Agreement incorporating Term SOFRFormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Term Sheet for Multicurrency Term and Revolving Facilities Agreements incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (lookback [without]/[with] Observation Shift)FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Multicurrency Term and Revolving Facilities Agreement incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (lookback without Observation Shift)FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Single Currency Term and Revolving Facilities Agreement incorporating backward-looking compounded rates (lookback with Observation Shift)FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Multicurrency Term and Revolving Facilities Agreement incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (lookback with Observation Shift)FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Term Sheet for Single Currency Term and Revolving Facilities Agreements incorporating backward-looking compounded rates (lookback [without[/[with] Observation Shift)FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Single Currency Term and Revolving Facilities Agreement incorporating backward-looking compounded rates (lookback without Observation Shift)FormatsWordDate Revised26/10/2023MarkupPDF
Name of DocumentLMA CORRA SchedulesFormatsWordDate Revised31/10/2023MarkupPDF
Name of DocumentLMA Compounded TONA ScheduleFormatsWordDate Revised31/10/2023MarkupPDF
Name of DocumentLMA Exposure Draft Multicurrency Term and Revolving Facilities Agreement incorporating Term €STR FormatsWordDate Revised01/02/2024MarkupPDF
Name of DocumentLMA Extension Option and Users Guide FormatsWordDate Revised21/05/2024MarkupPDF
Name of DocumentMember alert - extension option and users guideFormatsPDFDate Revised21/05/2024MarkupPDF
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Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentSuper Senior Multicurrency Revolving Facility Agreement (Compounded Rate/Term Rate)FormatsWordDate Revised15/12/2021MarkupPDF
Name of DocumentSuper Senior Multicurrency Revolving Facility Agreement with HY Notes (Compounded Rate/Term Rate)FormatsWordDate Revised15/12/2021MarkupPDF

Intercreditor Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Super Senior Intercreditor Agreement with HY Notes (Compounded Rate/Term Rate)FormatsWordDate Revised15/12/2021MarkupPDF
Name of DocumentLMA Super Senior Intercreditor Agreement (Compounded Rate/Term Rate)FormatsWordDate Revised15/12/2021MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide to Super Senior Multicurrency Revolving Facility AgreementFormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentUser Guide to Super Senior Multicurrency Revolving Facility Agreement with HY NotesFormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations in LMA leveraged finance documentationFormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentDomestic Benchmark Slot-in SchedulesFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentSuper Senior Multicurrency Revolving Facility AgreementFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentSuper Senior Multicurrency Revolving Facility Agreement with HY notesFormatsWordDate Revised20/03/2020MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide to Super Senior LMA Intercreditor AgreementFormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentUser Guide to Super Senior LMA Intercreditor Agreement with HY NotesFormatsPDFDate Revised20/03/2020MarkupPDF

Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Super Senior Intercreditor Agreement with HY NotesFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentLMA Super Senior Intercreditor AgreementFormatsWordDate Revised20/03/2020MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentMezzanine Facility Agreement Drafting Guide for Leveraged Acquisition Finance Transactions (Senior/Mezzanine) (Compounded Rate/Term Rate)FormatsPDFDate Revised15/12/2021MarkupPDFPDF

Mandate and Syndication Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentLeveraged Term Sheet (RFR)FormatsWordDate Revised15/12/2021MarkupPDF

Financial Covenants

Name of Document FormatsDate Revised Markup
Name of DocumentFinancial Covenants ProvisionsFormatsWordDate Revised15/12/2021MarkupPDF

Facility Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Leveraged Facilities Agreement (Compounded Rate/Term Rate)FormatsWordDate Revised15/12/2021MarkupPDF

Facility Agreement Slot-in Clauses

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Recommended Form of Designated Entity Clause and User GuideFormatsWordDate Revised21/01/2022MarkupPDF

Intercreditor Agreement

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Intercreditor Agreement (Senior/Mezzanine) (Compounded Rate/Term Rate)FormatsWordDate Revised17/11/2022MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentExplanatory Memo Relating To Mandate Letters, Commitment Letters, Front Running Letters, Syndication Closing Timeline & Syndication Decision ChartsFormatsPDFDate Revised24/02/2009MarkupPDF
Name of DocumentLMA Front Running Letter of Undertaking Users GuideFormatsPDFDate Revised08/03/2018MarkupPDF
Name of DocumentLMA Users Guide to Confidentiality Undertakings (English law)FormatsPDFDate Revised15/08/2018MarkupPDF
Name of DocumentUsers Guide to Forms of Fronted Agreements for Leveraged Acquisition Finance TransactionsFormatsPDFDate Revised21/12/2018MarkupPDF

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

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Syndicate Member Commitment Letter for Primary Syndication - for initial commitment without approval of documentationFormatsWordDate Revised24/02/2009MarkupPDF
Name of DocumentLMA Syndicate Member Commitment Letter For Primary Syndication - for final commitment with approval of documentationFormatsWordDate Revised24/02/2009MarkupPDF
Name of DocumentSyndication Decision Chart - Unsuccessful SyndicationFormatsPDFDate Revised24/02/2009MarkupPDF
Name of DocumentSyndication Decision Chart - Successful SyndicationFormatsPDFDate Revised24/02/2009MarkupPDF
Name of DocumentLMA Mandate Letter - Best EffortsFormatsWordDate Revised08/03/2018MarkupPDF
Name of DocumentLMA Mandate Letter - UnderwrittenFormatsWordDate Revised08/03/2018MarkupPDF
Name of DocumentLMA Confidentiality and Front Running Letter for Primary SyndicationFormatsWordDate Revised08/03/2018MarkupPDF
Name of DocumentLMA Front Running Letter of UndertakingFormatsWordDate Revised08/03/2018MarkupPDF
Name of DocumentLMA Confidentiality Undertaking for disclosure by potential initial lenders subscribers to credit protection providersFormatsWordDate Revised08/03/2018MarkupPDF
Name of DocumentAgency Details FormFormatsWordDate Revised02/08/2018MarkupPDF
Name of DocumentLeveraged Term SheetFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentAdministration Detail FormFormatsWordDate Revised02/03/2023MarkupPDF
Name of DocumentLMA Recommended Timeline for Settlement of Primary Syndication of Leveraged Transactions Incorporating Fault Based Delayed Settlement CompensationFormatsPDFDate Revised17/04/2024MarkupPDF

Fronted Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentFronted Distribution AgreementFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentFronted Funding and Distribution AgreementFormatsWordDate Revised21/12/2018MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentLMA note on the changes to leveraged documentation - November 2016FormatsPDFDate Revised18/11/2016MarkupPDF
Name of DocumentFinancial Covenants Provisions Users GuideFormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentUsers Guide to Form of Facility Agreement for Leveraged Acquisition Finance TransactionsFormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentMezzanine Facility Agreement Drafting Guide for Leveraged Acquisition Finance TransactionsFormatsPDFDate Revised20/03/2020MarkupPDFPDF
Name of DocumentEU legislative references in LMA English law facility documentation FormatsPDFDate Revised18/11/2020MarkupPDF
Name of DocumentLIBOR transition considerations in LMA leveraged finance documentationFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentExplanatory Letter re. changes to Senior Multicurrency Facilities agreementFormatsPDFDate Revised14/09/2012MarkupPDF
Name of DocumentLMA Leveraged Facilities AgreementFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentEU legislative references in LMA English law facility documentation FormatsPDFDate Revised18/11/2020MarkupPDF

Facility Agreement Slot-in Clauses

Name of Document FormatsDate Revised Markup
Name of DocumentRider permitting disclosure to numbering service providers and administration/settlement service providersFormatsWordDate Revised18/07/2017MarkupPDF
Name of DocumentDomestic Benchmark Slot-in SchedulesFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Recommended Form of Designated Entity Clause and Users GuideFormatsWordDate Revised28/02/2020MarkupPDF

Financial Covenants

Name of Document FormatsDate Revised Markup
Name of DocumentFinancial Covenants ProvisionsFormatsWordDate Revised21/12/2018MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA Hedging LetterFormatsWordDate Revised18/11/2016MarkupPDF
Name of DocumentForm of letter re permission to disclose information to numbering service providers and administration/settlement service providersFormatsWordDate Revised18/07/2017MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentMemorandum explaining revisions to Intercreditor Agreement - September 2012FormatsPDFDate Revised14/09/2012MarkupPDF
Name of DocumentLMA Intercreditor User GuideFormatsPDFDate Revised20/03/2020MarkupPDF

Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Intercreditor AgreementFormatsWordDate Revised20/03/2020MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentIntercreditor Agreement for Leveraged Acquisition Finance Transactions (Super Senior/Senior) (Compounded Rate/Term Rate)FormatsWordDate Revised15/12/2021MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUsers guide to form of Intercreditor Agreement for Leveraged Acquisition Finance Transactions (Super Senior/Senior)FormatsPDFDate Revised20/03/2020MarkupPDF

Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentIntercreditor Agreement for Leveraged Acquisition Finance Transactions (Super Senior/Senior)FormatsWordDate Revised20/03/2020MarkupPDF
Name of Document FormatsDate Revised Markup
Name of DocumentLeveraged Focus 1 – LMA Leveraged v TLB Covenant PackageFormatsPDFDate Revised23/09/2024MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentREF Term Sheet for Multiproperty Investment TransactionsFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentREF Term Sheet for Euro Term Facility Agreement (German law, German language)FormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentREF Term Sheet for Development TransactionsFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentREF Term Sheet for Euro Term Facility Agreement (German law, English language)FormatsWordDate Revised20/03/2020MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentLMA REF Investment Facility Agreement with Day One RFRsFormatsWordDate Revised28/04/2022MarkupPDF
Name of DocumentLMA REF Development Facility Agreement with Day One RFRsFormatsWordDate Revised28/04/2022MarkupPDF
Name of DocumentLMA REF Investment Term Sheet (RFR) FormatsWordDate Revised28/04/2022MarkupPDF
Name of DocumentLMA REF Development Term Sheet (RFR)FormatsWordDate Revised28/04/2022MarkupPDF
Name of DocumentLMA REF Investment Facility Agreement with Day One RFRs - redline against LIBOR versionFormatsPDFDate Revised06/05/2022MarkupPDF
Name of DocumentLMA Senior Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions (with/without observation shift)FormatsWordDate Revised01/09/2022MarkupPDF
Name of DocumentSenior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance TransactionsFormatsPDFDate Revised22/03/2023MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide to Real Estate Finance Multiproperty Investment Facility AgreementFormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentUser Guide to Real Estate Finance Development Facility AgreementFormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentUsers Guide to the German Law version of form of Facility Agreement for use in Real Estate Finance Multiproperty Investment TransactionsFormatsPDFDate Revised26/08/2020MarkupPDF
Name of DocumentUsers Guide to the German Law (German language) version of form of Facility Agreement for use in Real Estate Finance Multiproperty Investment TransactionsFormatsPDFDate Revised26/08/2020MarkupPDF
Name of DocumentLIBOR transition considerations in LMA real estate finance documentation FormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentREF Financial Covenant Cure RiderFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentDomestic Benchmark Slot-in SchedulesFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentSingle Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment TransactionsFormatsWordDate Revised01/07/2020MarkupPDF
Name of DocumentSingle Currency Term Facility Agreement for Real Estate Finance Development TransactionsFormatsWordDate Revised01/07/2020MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentSenior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance TransactionsFormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentLIBOR transition considerations in LMA real estate finance documentation FormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentREF Financial Covenant Cure RiderFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentDomestic Benchmark Slot-in Schedules FormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentLMA Senior Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions FormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentMark-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 FormatsPDFDate Revised20/03/2020MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Intercreditor User Guide for Real Estate Finance TransactionsFormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentLMA Intercreditor User Guide for Real Estate Finance Transactions (contractual subordination only)FormatsPDFDate Revised21/12/2018MarkupPDF

Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Intercreditor Agreement for Real Estate Finance TransactionsFormatsWordDate Revised19/04/2023MarkupPDF
Name of DocumentLMA Intercreditor Agreement for Real Estate Finance Transactions (contractual subordination only)FormatsWordDate Revised19/04/2023MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentEuro Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions (German Language, German Law Version)FormatsWordDate Revised29/09/2022MarkupPDF
Name of DocumentEuro Term Facility Agreement For Real Estate Finance Multiproperty Investment Transactions (English Language, German Law Version)FormatsWordDate Revised29/09/2022MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide for Insurance Broker LetterFormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentGuidance on the application of the Green Loan Principles in the real estate finance (REF) lending context – Retrofit projectsFormatsPDFDate Revised13/11/2020MarkupPDF
Name of DocumentGuidance on the application of the Green Loan Principles in the real estate finance (REF) investment lending context – Green buildingsFormatsPDFDate Revised13/11/2020MarkupPDF
Name of DocumentGuidance on the application of the Sustainability-Linked Loan Principles in real estate finance and real estate development financeFormatsPDFDate Revised10/03/2022MarkupPDF
Name of DocumentUser Guide - LMA REF Investment Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentUser Guide LMA REF Development Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentUser Guide LMA REF Shareholder Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentGuidance on the Register of Overseas Entities regimeFormatsPDFDate Revised28/11/2022MarkupPDF
Name of DocumentUser Guide - LMA REF Duty of Care AgreementFormatsPDFDate Revised07/12/2023MarkupPDF
Name of DocumentUser Guide - LMA REF Subordination AgreementFormatsPDFDate Revised07/12/2023MarkupPDF
Name of DocumentGuidance Note on the Building Safety Act 2022FormatsWordDate Revised18/04/2024MarkupPDF

Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Insurance Broker LetterFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentLMA REF Investment Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentLMA REF Development Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentLMA REF Shareholder Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentLMA REF Duty of Care AgreementFormatsWordDate Revised07/12/2023MarkupPDF
Name of DocumentLMA REF Subordination AgreementFormatsWordDate Revised07/12/2023MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Schuldschein Loan User GuideFormatsPDFDate Revised21/12/2018MarkupPDF

Loan Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Schuldschein Loan Agreement (single borrower)FormatsWordDate Revised16/02/2024MarkupPDF
Name of DocumentLMA Schuldschein Loan Agreement (with guarantee)FormatsWordDate Revised16/02/2024MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Schuldscheindarlehensvertrag NutzerleitfadenFormatsPDFDate Revised21/12/2018MarkupPDF

Loan Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentLMA SchuldscheindarlehensvertragFormatsWordDate Revised16/02/2024MarkupPDF
Name of DocumentLMA Schuldscheindarlehensvertrag (mit Garantie) FormatsWordDate Revised16/02/2024MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
up

Term Sheet

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Pre-Export Finance Term SheetFormatsWordDate Revised20/03/2020MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide to Pre-Export Finance Facility Agreement FormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentConsiderations in respect of the use of forward-looking term SONIA reference rates FormatsPDFDate Revised26/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations in LMA export finance, developing market and pre-export finance documentationFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentDomestic Benchmark Slot-in SchedulesFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentSingle Currency Term Facility Agreement for Pre-Export Finance TransactionsFormatsWordDate Revised20/03/2020MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Pre-Export Finance User GuideFormatsWordDate Revised22/01/2024MarkupPDF
Name of DocumentLMA Term SOFR CommentaryFormatsWordDate Revised22/01/2024MarkupPDF
Name of DocumentMember AlertFormatsPDFDate Revised22/01/2024MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Pre-Export Finance AgreementFormatsWordDate Revised22/01/2024MarkupPDF
Name of DocumentLMA Pre-Export Finance Term SheetFormatsWordDate Revised22/01/2024MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUsers guide to form of single currency export finance buyer credit agreementFormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentConsiderations in respect of the use of forward-looking term SONIA reference rates FormatsPDFDate Revised26/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations in LMA export finance, developing market and pre-export finance documentationFormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentSingle currency term facility agreement for use in export finance buyer credit transactionsFormatsWordDate Revised20/03/2020MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentLMA note on sovereign obligor considerationsFormatsPDFDate Revised07/06/2024MarkupPDF
Name of DocumentMember alert - sovereign obligor guidance noteFormatsPDFDate Revised07/06/2024MarkupPDF
Name of DocumentMember alert - export finance documentation update and new guidanceFormatsPDFDate Revised10/06/2024MarkupPDF
Name of DocumentLMA Users Guide Single Currency Export Finance Buyer Credit AgreementFormatsPDFDate Revised10/06/2024MarkupPDF
Name of DocumentLMA Untied ECA financing guidance noteFormatsPDFDate Revised10/06/2024MarkupPDF
Name of DocumentLMA Term SONIA CommentaryFormatsPDFDate Revised10/06/2024MarkupPDF
Name of DocumentLMA Export Finance Working Party StatementFormatsPDFDate Revised18/06/2024MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Export Finance Buyer Credit Facility Agreement Incorporating Compounded €STR Fallback from EURIBORFormatsWordDate Revised10/06/2024MarkupPDF
Name of DocumentLMA Export Finance Buyer Credit Facility Agreement Incorporating Backward-Looking Compounded Rates (SOFR / SONIA) FormatsWordDate Revised10/06/2024MarkupPDF
Name of DocumentLMA Export Finance Buyer Credit Facility Agreement Incorporating Forward-looking Term Rates (Term SOFR / Term SONIA)FormatsWordDate Revised10/06/2024MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide to Developing Markets Facility AgreementFormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentConsiderations in respect of the use of forward-looking term SONIA reference rates FormatsPDFDate Revised26/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations in LMA export finance, developing market and pre-export finance documentationFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentDomestic Benchmark Slot-in SchedulesFormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentSingle Currency Revolving Facility Agreement with Letter of Credit for Developing Markets TransactionsFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentSingle Currency Term Facility Agreement for Developing Markets TransactionsFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentSingle Currency Revolving Facility Agreement for Developing Markets TransactionsFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentSingle Currency Term and Revolving Facilities Agreement for Developing Markets Transactions FormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentDual Currency Term Facilities Agreement for Developing Markets TransactionsFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentSecured Single Currency Term Facility Agreement for Developing Markets TransactionsFormatsWordDate Revised20/03/2020MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentMember alertFormatsPDFDate Revised25/05/2023MarkupPDF
Name of DocumentCommentary to the LMA recommended forms of compounded rate facilities agreement (lookback without and with observation shift)FormatsPDFDate Revised26/10/2023MarkupPDF
Name of DocumentLMA Term SOFR CommentaryFormatsWordDate Revised22/01/2024MarkupPDF
Name of DocumentMember AlertFormatsPDFDate Revised22/01/2024MarkupPDF
Name of DocumentLMA note on sovereign obligor considerationsFormatsPDFDate Revised07/06/2024MarkupPDF
Name of DocumentMember alert - sovereign obligor guidance noteFormatsPDFDate Revised07/06/2024MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Secured Single Currency Term Facility Agreement for Developing Markets Transactions without or with Observation ShiftFormatsWordDate Revised22/01/2024MarkupPDF
Name of DocumentLMA Single Currency Term and Revolving Facilities Agreement incorporating Term SOFR for use in Developing Market jurisdictionsFormatsWordDate Revised22/01/2024MarkupPDF
Name of DocumentLMA Single Currency Secured Term Facility Agreement incorporating Term SOFR for use in Developing Market jurisdictions (non-modular framework)FormatsWordDate Revised22/01/2024MarkupPDF
Name of DocumentLMA Single Currency Secured Term Facility Agreement incorporating Term SOFR for use in Developing Market jurisdictions (modular framework)FormatsWordDate Revised22/01/2024MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
up

Confidentiality agreement for primary syndication

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Confidentiality Letter for Primary Syndication for use in South AfricaFormatsWordDate Revised28/02/2020MarkupPDF

Confidentiality rider - front running

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Front Running Confidentiality RiderFormatsWordDate Revised28/02/2020MarkupPDF

Confidentiality rider - information barriers and standstill

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Information Barrier and Standstill Confidentiality RiderFormatsWordDate Revised28/02/2020MarkupPDF

Mandate letters

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Mandate Letter - Best EffortsFormatsWordDate Revised01/03/2018MarkupPDF
Name of DocumentLMA Mandate Letter - UnderwrittenFormatsWordDate Revised01/03/2018MarkupPDF
up

Replacement of Screen Rate Clause

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Recommended Revised Form of Replacement Screen Rate Clause and Users Guide for use in the South African marketFormatsWordDate Revised02/11/2023MarkupPDF

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide to South African Law Facility AgreementsFormatsPDFDate Revised21/12/2018MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentUnsecured Single Currency Multiple Borrower Term and Revolving Facilities AgreementFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentUnsecured Single Currency Multiple Borrower Term Facilities AgreementFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentUnsecured Single Currency Single Borrower Term and Revolving Facilities AgreementFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentUnsecured Single Currency Single Borrower Term Facilities AgreementFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentSingle Currency Secured Term Facilities AgreementFormatsWordDate Revised21/12/2018MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
Name of DocumentLMA Recommended Revised Form of Replacement Screen Rate Clause and Users Guide for use in the South African marketFormatsWordDate Revised02/11/2023MarkupPDF
Name of DocumentMember alert - revised replacement screen rate clauseFormatsPDFDate Revised02/11/2023MarkupPDF
Name of DocumentCommentary to the Exposure Draft South African Rate Switch AgreementFormatsPDFDate Revised09/05/2024MarkupPDF
Name of DocumentExposure Draft South African Rate Switch AgreementFormatsWordDate Revised09/05/2024MarkupPDF
Name of DocumentMember alert - exposure draft SA rate switch agreementFormatsPDFDate Revised09/05/2024MarkupPDF
Name of DocumentRFR Terms for SA Revised Replacement of Screen Rate ClauseFormatsWordDate Revised27/09/2024MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide to Facility Agreements for Use in Kenya, Nigeria, Tanzania, Uganda and ZambiaFormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentZimbabwe LMA Facility Agreement User GuideFormatsPDFDate Revised21/12/2018MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentEast Africa, Nigeria and Zambia Single Currency Secured and Unsecured Term Facilities AgreementFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentZimbabwean Single Currency Secured Term Facility AgreementFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentExposure Draft LMA Africa Term SOFR Facility AgreementFormatsWordDate Revised24/07/2024MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentNEAZ Security AgreementFormatsWordDate Revised11/04/2022MarkupPDF
Name of DocumentNEAZ Security Agreement User GuideFormatsPDFDate Revised11/04/2022MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
Name of DocumentUser Guide to French Law Multicurrency Term and Revolving Facilities AgreementFormatsPDFDate Revised22/12/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentFrench law multicurrency term and revolving facilities agreement incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (with option for lookback without or with observation shift) (English)FormatsWordDate Revised22/12/2021MarkupPDF
Name of DocumentFrench law multicurrency term and revolving facilities agreement incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (with option for lookback without or with observation shift) (French)FormatsWordDate Revised21/01/2022MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide to French Law Multicurrency Term and Revolving Facilities AgreementFormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentLIBOR transition considerations in French, German and Spanish lawFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentFrench Law LMA Multicurrency Term and Revolving Facilities Agreement (English)FormatsWordDate Revised28/02/2020MarkupPDF
Name of DocumentFrench Law LMA Multicurrency Term and Revolving Facilities Agreement (French)FormatsWordDate Revised28/02/2020MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
Name of DocumentUser Guide to German Law Multicurrency Term and Revolving Facility AgreementFormatsPDFDate Revised01/02/2024MarkupPDF
Name of DocumentMember alert FormatsPDFDate Revised01/02/2024MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentGerman law multicurrency term and revolving facilities agreement incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (with option for lookback without or with observation shift) (English)FormatsWordDate Revised01/02/2024MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide to German Law Multicurrency Term and Revolving Facility AgreementFormatsPDFDate Revised26/08/2020MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations in French, German and Spanish lawFormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentGerman Law Multicurrency Term and Revolving Facility AgreementFormatsWordDate Revised26/08/2020MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
Name of DocumentUser Guide to Spanish Law Multicurrency Term and Revolving Facility Agreement (Spanish)FormatsPDFDate Revised22/12/2021MarkupPDF
Name of DocumentUser Guide to Spanish Law Multicurrency Term and Revolving Facility Agreement (English)FormatsPDFDate Revised22/12/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentSpanish law multicurrency term and revolving facilities agreement incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (with option for lookback without or with observation shift) (Spanish)FormatsWordDate Revised22/12/2021MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide to Spanish Law Multicurrency Term and Revolving Facility Agreement (English)FormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentUser Guide to Spanish Law Multicurrency Term and Revolving Facility Agreement (Spanish)FormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentLIBOR transition considerations in French, German and Spanish lawFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentSpanish Law Multicurrency Term and Revolving Facility Agreement (Spanish)FormatsWordDate Revised28/02/2020MarkupPDF
up

Draft Provisions for Sustainability-Linked Loans

Name of Document FormatsDate Revised Markup
Name of DocumentDraft Provisions for Sustainability-Linked LoansFormatsWordDate Revised04/05/2023MarkupPDF
Name of DocumentTerm Sheet for Draft Provisions for Sustainability-Linked LoansFormatsWordDate Revised12/10/2023MarkupPDF

Sustainability Coordinator Letter

Name of Document FormatsDate Revised Markup
Name of DocumentSustainability Coordinator LetterFormatsWordDate Revised23/04/2024MarkupPDF

Sustainability-Linked Loan Principles

Name of Document FormatsDate Revised Markup
Name of DocumentSustainability-Linked Loan PrinciplesFormatsPDFDate Revised23/02/2023MarkupPDF
Name of DocumentGuidance on Sustainability-Linked Loan PrinciplesFormatsPDFDate Revised23/02/2023MarkupPDF
up

Draft Provisions for Green Loans

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Draft Provisions for Green Loans FormatsWordDate Revised07/11/2024MarkupPDF

Green Loan Principles

Name of Document FormatsDate Revised Markup
Name of DocumentGreen Loan PrinciplesFormatsPDFDate Revised23/02/2023MarkupPDF
Name of DocumentGuidance on Green Loan Principles FormatsPDFDate Revised23/02/2023MarkupPDF
Name of DocumentIntroduction to Green Loan Frameworks FormatsPDFDate Revised19/12/2023MarkupPDF

Social Loan Principles

Name of Document FormatsDate Revised Markup
Name of DocumentSocial Loan Principles FormatsPDFDate Revised23/02/2023MarkupPDF
Name of DocumentGuidance on Social Loan PrinciplesFormatsPDFDate Revised23/02/2023MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentGuidance on the application of the Green Loan Principles in the real estate finance (REF) investment lending context – Green buildingsFormatsPDFDate Revised13/11/2020MarkupPDF
Name of DocumentGuidance on the application of the Green Loan Principles in the real estate finance (REF) lending context – Retrofit projectsFormatsPDFDate Revised13/11/2020MarkupPDF
Name of DocumentESG Diligence Questionnaire - Asset ManagerFormatsWordDate Revised04/06/2021MarkupPDF
Name of DocumentGuidance on the application of the Sustainability-Linked Loan Principles in real estate finance and real estate development finance FormatsPDFDate Revised10/03/2022MarkupPDF
Name of DocumentIntroduction to the Sustainability Coordinator RoleFormatsPDFDate Revised12/07/2022MarkupPDF
Name of DocumentESG Diligence Questionnaire - Asset Manager (Excel Version)FormatsPDFDate Revised29/09/2022MarkupPDF
Name of DocumentLMA and ELFA Updated Best Practice Guide to Sustainability-Linked Leveraged LoansFormatsPDFDate Revised05/10/2023MarkupPDF
Name of DocumentGetting Started in Sustainable FinanceFormatsPDFDate Revised08/11/2023MarkupPDF
Name of DocumentSustainable Lending Glossary of TermsFormatsPDFDate Revised08/12/2023MarkupPDF
Name of DocumentAn Introduction to Green Loan FrameworksFormatsPDFDate Revised19/12/2023MarkupPDF
Name of DocumentExternal Review Guidance for Green, Social, and Sustainability-Linked LoansFormatsPDFDate Revised25/01/2024MarkupPDF
Name of DocumentGuidelines for Sustainability-Linked Loans financing Bonds (SLLBs) FormatsPDFDate Revised25/06/2024MarkupPDF
Name of DocumentLMA and LSTA ESG Due Diligence Questionnaire- Investment Manager FormatsWordDate Revised08/10/2024MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentLMA Credit Risk Insurance Model FormFormatsWordDate Revised10/08/2022MarkupPDF
Name of DocumentLMA Credit Risk Insurance User GuideFormatsPDFDate Revised10/08/2022MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentGuidance Note To Release And Reliance Letters For Leveraged Finance TransactionsFormatsPDFDate Revised21/12/2018MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Guidance Note - LMA Recommended forms of Secondary Debt Trading DocumentationFormatsPDFDate Revised03/02/2011MarkupPDF
Name of DocumentIssues To Be Considered Prior To/Immediately After A TradeFormatsPDFDate Revised15/08/2017MarkupPDF
Name of DocumentExplanatory Note to LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims)FormatsPDFDate Revised04/01/2022MarkupPDF
Name of DocumentLMA Secondary Debt Trading Documentation User GuideFormatsPDFDate Revised30/03/2022MarkupPDF

Core Trade Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Transfer Agreement (Bank Debt)FormatsWordDate Revised04/01/2010MarkupPDFPDF
Name of DocumentLMA Termination Notice (Par & Distressed)FormatsWordDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Assignment (Bank Debt)FormatsWordDate Revised24/03/2011MarkupPDF
Name of DocumentLMA Assignment (Distressed/Claims)FormatsWordDate Revised24/03/2011MarkupPDF
Name of DocumentLMA Buy-In/Sell-Out NoticeFormatsWordDate Revised03/03/2014MarkupPDF
Name of DocumentLMA Purchase Price NoticeFormatsWordDate Revised03/03/2014MarkupPDF
Name of DocumentLMA Price Dispute Notice - HISTORICFormatsWordDate Revised03/03/2014MarkupPDF
Name of DocumentLMA Form of Early Termination Amount Statement for Par & Distressed Trade TransactionsFormatsWordDate Revised17/02/2015MarkupPDF
Name of DocumentLMA Master Funded Participation Agreement (Par/Distressed)FormatsWordDate Revised04/01/2022MarkupPDF
Name of DocumentLMA Master Risk Participation Agreement (Par)FormatsWordDate Revised04/01/2022MarkupPDF
Name of DocumentLMA Funded Participation (Distressed/Claims)FormatsWordDate Revised04/01/2022MarkupPDF
Name of DocumentLMA Funded Participation (Par/Distressed)FormatsWordDate Revised04/01/2022MarkupPDF
Name of DocumentLMA Risk Participation (Par)FormatsWordDate Revised04/01/2022MarkupPDF
Name of DocumentLMA Funded/Risk Participation (Par)FormatsWordDate Revised04/01/2022MarkupPDF
Name of DocumentLMA Risk to Funded Participation (Par)FormatsWordDate Revised04/01/2022MarkupPDF
Name of DocumentLMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims)FormatsPDFDate Revised04/01/2022MarkupPDF
Name of DocumentLMA Trade Confirmation (Claims)FormatsWordDate Revised18/02/2022MarkupPDF
Name of DocumentLMA Trade Confirmation (Risk Participation)FormatsWordDate Revised18/02/2022MarkupPDF
Name of DocumentLMA Trade Confirmation (Bank Debt) FormatsWordDate Revised18/02/2022MarkupPDF

Termination Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Bilateral Termination and Transfer AgreementFormatsWordDate Revised14/05/2012MarkupPDF
Name of DocumentLMA Termination AgreementFormatsWordDate Revised14/05/2012MarkupPDF
Name of DocumentLMA Multilateral Termination & Transfer Agreement (Novation)FormatsWordDate Revised03/03/2014MarkupPDF

Confidentiality

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Confidentiality Letter (Seller)FormatsWordDate Revised01/01/2021MarkupPDF
Name of DocumentLMA Confidentiality Letter (Purchaser)FormatsWordDate Revised01/01/2021MarkupPDF
Name of DocumentLMA Confidentiality Letter (Seller's Agent/Broker)FormatsWordDate Revised01/01/2021MarkupPDF
Name of DocumentLMA Confidentiality Letter (Purchaser's Agent/Broker)FormatsWordDate Revised01/01/2021MarkupPDF
Name of DocumentLMA Master Confidentiality UndertakingFormatsWordDate Revised01/01/2021MarkupPDF
Name of DocumentLMA Master Confidentiality Undertaking for Admin/Settlement Service ProvidersFormatsWordDate Revised01/01/2021MarkupPDF

Netting Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Multilateral Netting AgreementFormatsWordDate Revised03/03/2014MarkupPDF
Name of DocumentLMA Bilateral Netting AgreementFormatsWordDate Revised03/03/2014MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA Explanatory Note relating to Proceeds LetterFormatsPDFDate Revised03/03/2014MarkupPDF
Name of DocumentFATCA riders for LMA secondary debt trading documentation - HISTORICFormatsPDFDate Revised03/03/2014MarkupPDF
Name of DocumentLMA Pricing Panel Rules - HISTORICFormatsPDFDate Revised03/03/2014MarkupPDF
Name of DocumentERISA Introduction and Explanation of Recent ChangesFormatsPDFDate Revised25/09/2017MarkupPDF
Name of DocumentLMA Grantor Credit Risk PaperFormatsPDFDate Revised09/10/2017MarkupPDF
Name of DocumentLMA Trade Recap Template FormatsPDFDate Revised30/09/2018MarkupPDF
Name of DocumentLSTA Market Advisory on Risks of Trading English Law Loans on LSTA Par/Near Par TermsFormatsPDFDate Revised05/07/2019MarkupPDF
Name of DocumentLMA Rider – Revised Definition of "Delay Period Commencement Date" for insertion in the LMA Standard Terms and ConditionsFormatsWordDate Revised18/12/2019MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA Assignment (Bank Debt)FormatsPDFDate Revised04/01/2010MarkupPDFPDF
Name of DocumentLMA Assignment (Distressed/Claims)FormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Master Funded Participation Agreement (Par/Distressed)FormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Master Risk Participation Agreement (Par)FormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Risk Participation (Par)FormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Funded/Risk Participation (Par)FormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Risk to Funded Participation (Par)FormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Confidentiality Letter (Seller)FormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Confidentiality Letter (Purchaser)FormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Confidentiality Letter (Seller's Agent/Broker)FormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Confidentiality Letter (Purchaser's Agent/Broker)FormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Master Confidentiality Undertaking for Admin/Settlement Service ProvidersFormatsPDFDate Revised04/01/2010MarkupPDF
Name of DocumentLMA Funded Participation (Par/Distressed)FormatsPDFDate Revised04/04/2010MarkupPDFPDF
Name of DocumentLMA Multilateral Termination & Transfer Agreement (Novation)FormatsPDFDate Revised30/06/2010MarkupPDF
Name of DocumentLMA Confidentiality Letter (Seller)FormatsPDFDate Revised24/03/2011MarkupPDF
Name of DocumentLMA Trade Confirmation (Bank Debt)FormatsPDFDate Revised24/03/2011MarkupPDF
Name of DocumentLMA Trade Confirmation (Risk Participation)FormatsPDFDate Revised24/03/2011MarkupPDF
Name of DocumentLMA Confidentiality Letter (Purchaser)FormatsPDFDate Revised24/03/2011MarkupPDF
Name of DocumentLMA Confidentiality Letter (Seller's Agent/Broker)FormatsPDFDate Revised24/03/2011MarkupPDF
Name of DocumentLMA Confidentiality Letter (Purchaser's Agent/Broker)FormatsPDFDate Revised24/03/2011MarkupPDF
Name of DocumentLMA Master Confidentiality UndertakingFormatsPDFDate Revised24/03/2011MarkupPDF
Name of DocumentLMA Trade Confirmation (Claims)FormatsPDFDate Revised27/06/2011MarkupPDF
Name of DocumentLMA Secondary Trading Documentation User GuideFormatsPDFDate Revised27/06/2011MarkupPDF
Name of DocumentLMA Trade Confirmation (Claims)FormatsPDFDate Revised14/05/2012MarkupPDF
Name of DocumentLMA Trade Confirmation (Risk Participation)FormatsPDFDate Revised14/05/2012MarkupPDF
Name of DocumentLMA Trade Confirmation (Bank Debt)FormatsPDFDate Revised03/03/2014MarkupPDF
Name of DocumentLMA Master Confidentiality Undertaking for Admin/Settlement Service ProvidersFormatsPDFDate Revised12/11/2014MarkupPDF
Name of DocumentLMA Funded Participation (Par/Distressed)FormatsPDFDate Revised02/12/2014MarkupPDF
Name of DocumentLMA Risk Participation (Par)FormatsPDFDate Revised02/12/2014MarkupPDF
Name of DocumentLMA Master Risk Participation Agreement (Par)FormatsPDFDate Revised02/12/2014MarkupPDF
Name of DocumentLMA Funded Participation (Distressed/Claims)FormatsPDFDate Revised02/12/2014MarkupPDF
Name of DocumentLMA Funded/Risk Participation (Par)FormatsPDFDate Revised02/12/2014MarkupPDF
Name of DocumentLMA Master Funded Participation Agreement (Par/Distressed)FormatsPDFDate Revised02/12/2014MarkupPDF
Name of DocumentSecondary Trading Documentation User GuideFormatsPDFDate Revised17/02/2015MarkupPDF
Name of DocumentLMA Trade Confirmation (Bank Debt)FormatsWordDate Revised16/12/2015MarkupPDF
Name of DocumentLMA Trade Confirmation (Claims)FormatsWordDate Revised16/12/2015MarkupPDF
Name of DocumentLMA Trade Confirmation (Risk Participation)FormatsWordDate Revised16/12/2015MarkupPDF
Name of DocumentLMA Secondary Trading Documentation User GuideFormatsPDFDate Revised20/04/2016MarkupPDF
Name of DocumentLMA Secondary Trading Documentation User GuideFormatsPDFDate Revised25/09/2017MarkupPDF
Name of DocumentLMA Secondary Debt Trading Documentation User GuideFormatsPDFDate Revised30/01/2019MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA Distressed Terms & Conditions Apr '01FormatsPDFDate Revised02/04/2001MarkupPDF
Name of DocumentLMA Par Terms & ConditionsFormatsPDFDate Revised26/04/2001MarkupPDF
Name of DocumentLMA Distressed Terms & Conditions Oct '01FormatsPDFDate Revised01/10/2001MarkupPDF
Name of DocumentLMA Par Terms & ConditionsFormatsPDFDate Revised02/01/2003MarkupPDF
Name of DocumentLMA Par Terms & Conditions - includes competition rubricFormatsPDFDate Revised02/01/2003MarkupPDF
Name of DocumentLMA Par Terms & ConditionsFormatsPDFDate Revised15/09/2005MarkupPDF
Name of DocumentLMA Distressed Terms & Conditions Oct '05FormatsPDFDate Revised03/10/2005MarkupPDF
Name of DocumentLMA Distressed Terms & Conditions Oct '05 - includes competition rubricFormatsPDFDate Revised03/10/2005MarkupPDF
Name of DocumentLMA Par Terms & ConditionsFormatsPDFDate Revised02/05/2006MarkupPDF
Name of DocumentLMA Par Terms & Conditions - includes competition rubricFormatsPDFDate Revised02/05/2006MarkupPDF
Name of DocumentLMA Par Terms and Conditions December 2007FormatsPDFDate Revised21/12/2007MarkupPDF
Name of DocumentDistressed Standard Terms and Conditions published as at 24 December 2008 (revision date of 1 February 2008)FormatsPDFDate Revised01/02/2008MarkupPDF
Name of DocumentPar Standard Terms and Conditions published as at 24 December 2008 (applicable to a Trade Date on or after 3 September 2008)FormatsPDFDate Revised03/09/2008MarkupPDF
Name of DocumentPar Terms and Conditions January 2009FormatsPDFDate Revised05/01/2009MarkupPDF
Name of DocumentDistressed Terms and Conditions January 2009FormatsPDFDate Revised05/01/2009MarkupPDF
Name of DocumentLMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims)FormatsPDFDate Revised25/01/2010MarkupPDF
Name of DocumentLMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/ClaimsFormatsPDFDate Revised24/03/2011MarkupPDF
Name of DocumentLMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank/Debt Claims)FormatsPDFDate Revised27/06/2011MarkupPDF
Name of DocumentLMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank/Debt Claims)FormatsPDFDate Revised14/05/2012MarkupPDF
Name of DocumentLMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank/Debt Claims)FormatsPDFDate Revised03/03/2014MarkupPDF
Name of DocumentLMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims)FormatsPDFDate Revised17/02/2015MarkupPDF
Name of DocumentLMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims)FormatsPDFDate Revised16/12/2015MarkupPDF
Name of DocumentLMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims)FormatsPDFDate Revised20/04/2016MarkupPDF
Name of DocumentLMA Standard Terms and Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims)FormatsPDFDate Revised27/06/2017MarkupPDF
Name of DocumentLMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims)FormatsPDFDate Revised25/09/2017MarkupPDF
Name of DocumentLMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims)FormatsPDFDate Revised29/10/2018MarkupPDF
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Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentLIBOR LMA Secondary Debt Trading Documentation User GuideFormatsPDFDate Revised30/01/2019MarkupPDF

Core Trade Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentLIBOR LMA Trade Confirmation (Bank Debt)FormatsWordDate Revised29/10/2018MarkupPDF
Name of DocumentLIBOR LMA Trade Confirmation (Claims)FormatsWordDate Revised29/10/2018MarkupPDF
Name of DocumentLIBOR LMA Trade Confirmation (Risk Participation) FormatsWordDate Revised29/10/2018MarkupPDF
Name of DocumentLIBOR LMA Master Funded Participation Agreement (Par/Distressed) FormatsWordDate Revised29/10/2018MarkupPDF
Name of DocumentLIBOR LMA Master Risk Participation Agreement (Par)FormatsWordDate Revised29/10/2018MarkupPDF
Name of DocumentLIBOR LMA Funded Participation (Distressed/Claims)FormatsWordDate Revised29/10/2018MarkupPDF
Name of DocumentLIBOR LMA Funded Participation (Par/Distressed)FormatsWordDate Revised29/10/2018MarkupPDF
Name of DocumentLIBOR LMA Risk Participation (Par)FormatsWordDate Revised29/10/2018MarkupPDF
Name of DocumentLIBOR LMA Funded/Risk Participation (Par)FormatsWordDate Revised29/10/2018MarkupPDF
Name of DocumentLIBOR LMA Risk to Funded Participation (Par)FormatsWordDate Revised29/10/2018MarkupPDF
Name of DocumentLIBOR LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims)FormatsPDFDate Revised01/01/2021MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA EU NPL Directive Guidance Note (relating to Articles 10(2), 15, 18 and 20 Notices)FormatsPDFDate Revised21/12/2023MarkupPDF
Name of DocumentLMA EU NPL Directive - Article 10(2) NoticeFormatsWordDate Revised21/12/2023MarkupPDF
Name of DocumentLMA EU NPL Directive - Article 15(2) NoticeFormatsWordDate Revised21/12/2023MarkupPDF
Name of DocumentLMA EU NPL Directive - Article 18(1) NoticeFormatsWordDate Revised21/12/2023MarkupPDF
Name of DocumentLMA EU NPL Directive - Article 20(1) NoticeFormatsWordDate Revised21/12/2023MarkupPDF
Name of DocumentEU NPL Directive Implementation Questionnaire IrelandFormatsPDFDate Revised25/01/2024MarkupPDF
Name of DocumentEU NPL Directive Implementation Questionnaire FranceFormatsPDFDate Revised01/03/2024MarkupPDF
Name of DocumentEU NPL Directive Implementation Questionnaire LuxembourgFormatsPDFDate Revised26/09/2024MarkupPDF
Name of DocumentEU NPL Directive Implementation Questionnaire GermanyFormatsPDFDate Revised11/10/2024MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA Coordinating Committee RiderFormatsWordDate Revised07/12/2016MarkupPDF
Name of DocumentForm of Letter to Company governing appointment of Coordinator and Coordinating CommitteeFormatsWordDate Revised07/12/2016MarkupPDF
Name of DocumentForm of Letter to Lenders governing the appointment of Coordinator and Coordinating CommitteeFormatsWordDate Revised07/12/2016MarkupPDF
Name of DocumentLMA guidance notes on role of coordinator and coordinating committeeFormatsPDFDate Revised07/12/2016MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentJoint LMA and LSTA Statement on the Publication of the LMA and LSTA Bail-In ClausesFormatsPDFDate Revised22/12/2015MarkupPDF
Name of DocumentEU Bail-in Legislation ScheduleFormatsPDFDate Revised28/01/2019MarkupPDF
Name of DocumentThe LMA Recommended Form of Bail-in Clause and Users GuideFormatsWordDate Revised24/04/2019MarkupPDF
Name of DocumentLSTA Form of Bail-In ClauseFormatsWordDate Revised01/04/2020MarkupPDF
Name of DocumentEU Bail-in Legislation Schedule FormatsPDFDate Revised10/03/2021MarkupPDF
Name of DocumentThe LMA Recommended Form of Bail-in Clause and Users Guide FormatsWordDate Revised15/04/2021MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentNotice on the Application of Competition Law to Syndicated Loan ArrangementsFormatsPDFDate Revised30/05/2014MarkupPDF
Name of DocumentKey competition law areas of awareness for LMA MembersFormatsPDFDate Revised25/04/2016MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentUsers Guide to Islamic Finance DocumentsFormatsPDFDate Revised25/11/2013MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentUS JMPF Paper Oct 2003FormatsPDFDate Revised13/01/2005MarkupPDF
Name of DocumentJMPF European SupplementFormatsPDFDate Revised10/05/2005MarkupPDF
Name of DocumentDealing with confidential and price sensitive informationFormatsPDFDate Revised24/11/2010MarkupPDF
Name of DocumentPrivate and Inside Information in the Loan MarketFormatsPDFDate Revised24/11/2010MarkupPDF
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Name of Document FormatsDate Revised Markup
Name of DocumentLMA note on documentary implications of Brexit for LMA facility documentationFormatsPDFDate Revised06/09/2016MarkupPDF
Name of DocumentLMA supplementary note on documentary implications of Brexit for LMA facility documentationFormatsPDFDate Revised12/09/2018MarkupPDF
Name of DocumentSupplemental guidance note on the implications of Brexit for jurisdiction provisions in LMA facility documentationFormatsPDFDate Revised10/04/2019MarkupPDF
Name of DocumentEU legislative references in LMA English law facility documentation FormatsPDFDate Revised18/11/2020MarkupPDF
Name of DocumentLMA Destination Table EPPFormatsPDFDate Revised18/11/2020MarkupPDF
Name of DocumentLMA Brexit documentary implications – Consolidated and Updated Note FormatsPDFDate Revised19/11/2020MarkupPDF
Name of DocumentLMA Recommended Form of Designated Entity Clause and User GuideFormatsWordDate Revised21/01/2022MarkupPDF
Name of Document FormatsDate Revised Markup
Name of DocumentREFERENCE ONLY - Users Guide to Private Placement DocumentsFormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentREFERENCE ONLY - Pan-European Private Placement Term Facility AgreementFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentREFERENCE ONLY - Pan-European Private Placement Confidentiality LetterFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentREFERENCE ONLY - Pan-European Private Placement Subscription AgreementFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentREFERENCE ONLY - Pan-European Private Placement Term SheetFormatsWordDate Revised20/03/2020MarkupPDF

NOTE: There are documents on this page which may contain references to, or be based on, LIBOR. To the extent of such references, they are made available primarily for reference purposes only. Many LIBOR settings will cease to be published from 31 December 2021, and of those settings remaining, many regulatory authorities have warned against entering into any LIBOR-referencing contract after this date. Users should refer to the LMA RFR Destination Table for the risk-free reference rate equivalent to any given LMA facility document which contains references to 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, Clifford Chance or Webber Wentzel 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, Clifford Chance, King & Spalding, or Webber Wentzel 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 Permitted Purpose as set out in the byelaws (a copy of which is available here). 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.

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.

LIBOR IMPORTANT NOTICE

After 31 December 2021 and in light of the cessation of most LIBOR settings, please refer to the RFR Destination Table for the risk-free reference rate equivalent to any given LMA facility document which contains references to LIBOR.