Facilitating greater efficiency and standardisation in the loan market
The operational and settlement aspects in the syndication process are far-reaching and have a significant impact on the efficiency of the transaction process. We seek to bring about increased efficiencies and standardisation.
One way in which this challenge is faced is through the European Loan Operations Committee.
Trading in a Post-Brexit World
As a result of Brexit, many institutions have either moved, or will be moving, their trading desks out of the UK and into an EU member state. Some of the jurisdictions selected do not have as developed a secondary market as that in the UK. We have therefore prepared a slide deck to aid our members in carrying out any training required.
Juniors Project Group
The brand new juniors group aims to investigate how the LMA can better facilitate learning for juniors in the operations world.
This matrix aims to reduce par settlement times by outlining adoption levels of agreed standard principles and the market wide performance that the institutions collectively achieve as a result.
Key challenges facing agents during the completion of a primary syndicated lending transaction and the primary syndication process.
The trade recap template's purpose is to prompt lenders with the required details necessary to complete a trade confirmation.
The "Escalation Matrix" seeks to provide institutions with a direct line to a senior member in their trading counterpart, who may be able to progress, or explain, any delay to a transaction where communication between the two parties has broken down or become frustrated.
We invite all LMA members to participate in this initiative, by completing the template and sending to Nigel Houghton or Gemma Lawrence-Pardew. Please contact us if you have any questions.
The LMA and LSTA have together launched a standard Administrative Details Form ("ADF") to be used in transactions globally. Whilst not all fields will be relevant to every transaction, it is hoped this template will constitute a market standard for communicating key administrative details. It is hoped that broad based adoption of the ADF will lead to efficiencies in both time and effort in compiling this detail.
Furthermore, the LMA has produced an Agency Details Form, which is to be used alongside the ADF. This form complies key agent and settlement details which should be used as a template