The operational and settlement aspects in the syndication process are far-reaching and have a significant impact on the efficiency of the transaction process. The LMA... Find out more
This video interview, filmed in February 2018, is the ninth in a series of LMA Spotlights on key regulatory and topical issues.
To help drive down settlement times and increase efficiency, the Loan Servicing sub-committee has created an "Escalation Matrix" which can be accessed by contributing institutions .
The purpose of the matrix is 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.
The LMA, with collaboration from the Loan Servicing sub-committee, has launched the first four publications in its desktop series. The desktop series act as operational guides for teams to refer to when carrying out their day-to-day activities.
DS1 – Types of facility in the syndicated loan market
DS2 – Agent freezes
DS3 – Re-denominations
DS4 – Letter of credit issuance
The LMA and LSTA have together launched a standard Administrative Details Form ("ADF") to be used in transactions globally.
Both Associations are delighted to announce this publication as part of their ongoing commitment to support operational efficiency initiatives across the global market.
The ADF template is the result of considerable collaborative work by both the LMA and LSTA's Operations Committees. 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.
The LMA, in collaboration with the Market Initiatives sub-committee, has authored the paper Why We Need Identifiers. This seeks to answer key questions surrounding identifiers in the European syndicated loan market, setting out their benefits, as well as barriers to use, and is particularly relevant in light of the ECB's asset report framework 'Anacredit'.