The LMA launched LMA.Automate on 21 June 2021. The service is available to existing LMA Members, initially for a one-month free trial period and thereafter on a competitive annual subscription based on the number of users.
The initial suite of documents included:
LMA.Automate was pleased to announce the addition of a corporate lending facility agreement in October 2021. This corporate lending template is based on the current LMA IG facility documentation (reflecting the transition from LIBOR to RFRs) but introduces more optionality thereby facilitating a broader set of corporate lending scenarios.
It is the intention to automate further LMA templates over time as well as enhance the functionality of the platform.