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.
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.
LMA publishes South African law JIBAR rate switch agreement to assist with market transition to ZARONIA (9 May 2024)
On 9 May 2024, we are pleased to have published further South African law documentation to assist the loan market in transitioning away from JIBAR to compounded ZARONIA.
The Unsecured Single Currency Single Borrower Term and Revolving Facilities Agreement Incorporating Rate Switch Provisions (the “Exposure Draft SA Rate Switch Agreement”) provides for an in-built switch from JIBAR to a backward-looking compounded ZARONIA on the occurrence of specified trigger events. It includes mechanics and provisions for transition which are intended to mitigate the risk of a further amendment being required.
Documents Index
- RFR Destination Table
- Issues and Guidance
- LIBOR Transition
- Borrowing Base
- Investment Grade
- Leveraged/High Yield
- Leveraged - Senior/Mezzanine
- Leveraged - Super Senior/Senior
- Real Estate Finance
- Schuldscheindarlehen
- Pre-Export Finance
- Export Finance
- Developing Markets
- South African Law Investment Grade
- Africa Documents
- French Law Investment Grade
- German Law Investment Grade
- Spanish Law Investment Grade
- Sustainable Finance
- Credit Risk Insurance
- Release & Reliance Letters
- Secondary Debt Trading
- EU NPL Directive
- Restructuring
- Bail-in Clause
- General
- Brexit
- Pan-European Private Placement
- Show All
RFR Destination Table
Relevant Document
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document RFR Destination Table | Formats Word | Date Revised 10/06/2024 | Markup PDF |
Issues and Guidance
Relevant Documents
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA note on sovereign obligor considerations | Formats PDF | Date Revised 07/06/2024 | Markup PDF |
| Name of Document Member alert - sovereign obligor guidance note | Formats PDF | Date Revised 07/06/2024 | Markup PDF |
| Name of Document DAC6, MDR and LMA recommended forms of facility documentation | Formats PDF | Date Revised 02/05/2024 | Markup PDF |
| Name of Document LMA Recommended Timeline for Settlement of Primary Syndication of Leveraged Transactions Incorporating Fault Based Delayed Settlement Compensation | Formats PDF | Date Revised 17/04/2024 | Markup PDF |
| Name of Document LMA note on documentary implications for the replacement of TARGET2 | Formats PDF | Date Revised 16/02/2023 | Markup PDF |
| Name of Document LMA Erroneous Payment Clause | Formats PDF | Date Revised 30/06/2021 | Markup PDF |
| Name of Document Drafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA Documentation | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
| Name of Document LMA Brexit documentary implications – Consolidated and Updated Note | Formats PDF | Date Revised 19/11/2020 | Markup PDF |
| Name of Document LMA Note on Coronavirus Large Business Interruption Loan Scheme | Formats PDF | Date Revised 25/06/2020 | Markup PDF |
| Name of Document €STR publication and changes to EONIA | Formats PDF | Date Revised 02/10/2019 | Markup PDF |
| Name of Document LMA Revised Replacement of Screen Rate Clause and considerations in respect of credit adjustment spreads | Formats PDF | Date Revised 07/08/2019 | Markup PDF |
| Name of Document LMA note on QFC Stay Rules and syndicated loans | Formats PDF | Date Revised 16/05/2019 | Markup PDF |
| Name of Document EONIA – planned change in methodology and discontinuation | Formats PDF | Date Revised 01/05/2019 | Markup PDF |
| Name of Document 2014 summary note on FATCA | Formats Word | Date Revised 21/12/2018 | Markup PDF |
| Name of Document Guidance note: United States and European Union sanctions | Formats PDF | Date Revised 06/12/2018 | Markup PDF |
| Name of Document LMA supplementary note on documentary implications of Brexit for LMA facility documentation | Formats PDF | Date Revised 12/09/2018 | Markup PDF |
| Name of Document LMA note on documentary implications of Brexit for LMA facility documentation | Formats PDF | Date Revised 06/09/2016 | Markup PDF |
| Name of Document ICE LIBOR and EURIBOR refixing policies and LMA facility documentation | Formats PDF | Date Revised 01/06/2016 | Markup PDF |
| Name of Document LMA note on supplement to finance parties' rights clause in LMA facility documentation | Formats PDF | Date Revised 28/10/2015 | Markup PDF |
| Name of Document LIBOR code of conduct and revised LMA facility documentation guidance note | Formats PDF | Date Revised 12/11/2014 | Markup PDF |
| Name of Document Auditor choice provisions in LMA facility documentation guidance note | Formats PDF | Date Revised 12/11/2014 | Markup PDF |
| Name of Document November 2014 revisions summary note | Formats PDF | Date Revised 12/11/2014 | Markup PDF |
| Name of Document A guidance note on FATCA for agents in Model II IGA jurisdictions | Formats Word | Date Revised 25/09/2014 | Markup PDF |
| Name of Document LMA note discussing the impact of LIBOR transition to ICE on the legacy LMA LIBOR definitions | Formats PDF | Date Revised 23/01/2014 | Markup PDF |
| Name of Document LMA note on IBOR | Formats PDF | Date Revised 30/07/2013 | Markup PDF |
| Name of Document Note to members on withdrawal of recommended mandatory costs | Formats PDF | Date Revised 24/04/2013 | Markup PDF |
| Name of Document Jurisdiction clauses in LMA facility documentation | Formats PDF | Date Revised 24/01/2013 | Markup PDF |
| Name of Document Legacy 2012 FATCA guidance | Formats PDF | Date Revised 09/02/2012 | Markup PDF |
| Name of Document LMA note on the Basel III liquidity coverage ratio and loan documentation | Formats PDF | Date Revised 13/07/2011 | Markup PDF |
LIBOR Transition
Rate Switch Documentation and Commentary
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA term sheet for multicurrency term and revolving facilities agreements incorporating rate switch provisions (lookback [without]/[with] observation shift) | Formats Word | Date Revised 28/05/2021 | Markup PDF |
| Name of Document LMA recommended form of multicurrency term and revolving facilities agreement incorporating rate switch provisions (lookback without observation shift) | Formats Word | Date Revised 28/05/2021 | Markup PDF |
| Name of Document LMA recommended form of multicurrency term and revolving facilities agreement incorporating rate switch provisions (lookback with observation shift) | Formats Word | Date Revised 28/05/2021 | Markup PDF |
| Name of Document Commentary to the LMA recommended form of multicurrency term and revolving facilities agreements incorporating rate switch provisions (lookback without and with observation shift) | Formats Word | Date Revised 28/05/2021 | Markup PDF |
| Name of Document Member alert | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
Replacement of Screen Rate Clause
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Member alert | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document RFR Terms for Replacement of Screen Rate Clause | Formats Word | Date Revised 30/03/2021 | Markup PDF |
| Name of Document Note on the Revised Replacement of Screen Rate Clause and pre-cessation trigger | Formats Word | Date Revised 21/10/2020 | Markup PDF |
| Name of Document Note on the Revised Replacement of Screen Rate Clause and documentary recommendations published by the Working Group on Sterling Risk-Free Reference Rates | Formats Word | Date Revised 24/08/2020 | Markup PDF |
| Name of Document LMA 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) | Formats Word | Date Revised 21/12/2018 | Markup PDF |
Issues & Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Note on LMA facility documentation and the recommendations by the Euro Working Group on EURIBOR fallbacks | Formats PDF | Date Revised 31/03/2023 | Markup PDF |
| Name of Document Transitioning to RFRs - Practical guidance for Amendments | Formats PDF | Date Revised 03/08/2021 | Markup PDF |
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document Considerations in respect of the use of forward-looking term SONIA reference rates | Formats PDF | Date Revised 26/03/2021 | Markup PDF |
| Name of Document €STR publication and changes to EONIA | Formats PDF | Date Revised 02/10/2019 | Markup PDF |
| Name of Document LMA Revised Replacement of Screen Rate Clause and considerations in respect of credit adjustment spreads | Formats PDF | Date Revised 07/08/2019 | Markup PDF |
| Name of Document EONIA – planned change in methodology and discontinuation | Formats PDF | Date Revised 01/05/2019 | Markup PDF |
| Name of Document ICE LIBOR and EURIBOR refixing policies and LMA facility documentation | Formats PDF | Date Revised 01/06/2016 | Markup PDF |
| Name of Document LIBOR code of conduct and revised LMA facility documentation guidance note | Formats PDF | Date Revised 12/11/2014 | Markup PDF |
| Name of Document LMA note discussing the impact of LIBOR transition to ICE on the legacy LMA LIBOR definitions | Formats PDF | Date Revised 23/03/2014 | Markup PDF |
| Name of Document LMA note on IBOR | Formats PDF | Date Revised 30/07/2013 | Markup PDF |
Compounded RFR Facility Documentation and Commentary
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA CORRA Schedules | Formats Word | Date Revised 31/10/2023 | Markup PDF |
| Name of Document LMA Compounded TONA Schedule | Formats Word | Date Revised 31/10/2023 | Markup PDF |
| Name of Document LMA recommended form of single currency term and revolving facilities agreement incorporating backward-looking compounded rates (lookback with observation shift) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA recommended form of single currency term and revolving facilities agreement incorporating backward-looking compounded rates (lookback without observation shift) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA term sheet for recommended forms of single currency term and revolving facilities agreements incorporating backward-looking compounded rates (lookback [without[/[with] observation shift) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA 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) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA 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) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA 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) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document Commentary to the LMA recommended forms of compounded rate facilities agreements (lookback without and with observation shift) | Formats PDF | Date Revised 26/10/2023 | Markup PDF |
| Name of Document Member alert | Formats PDF | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
Reference Rate Selection Agreement
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA recommended form of reference rate selection agreement for use in relation to legacy transactions and the transition to alternative reference rates | Formats Word | Date Revised 04/06/2021 | Markup PDF |
| Name of Document Member alert | Formats PDF | Date Revised 04/06/2021 | Markup PDF |
RFR Drafting Guide
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Drafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA Documentation | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
Term SOFR Documentation and Commentary
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Single Currency Term and Revolving Facilities Agreement incorporating Term SOFR for use in Developing Market jurisdictions | Formats Word | Date Revised 22/01/2024 | Markup PDF |
| Name of Document LMA Term SOFR Commentary | Formats Word | Date Revised 22/01/2024 | Markup PDF |
| Name of Document LMA Multicurrency Term and Revolving Facilities Agreement incorporating Term SOFR for use in Investment Grade transactions | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document Member alert | Formats PDF | Date Revised 25/05/2023 | Markup PDF |
Term €STR Documentation and Commentary
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Term €STR Commentary | Formats PDF | Date Revised 01/02/2024 | Markup PDF |
| Name of Document LMA Exposure Draft Multicurrency Term and Revolving Facilities Agreement incorporating Term €STR | Formats Word | Date Revised 01/02/2024 | Markup PDF |
| Name of Document Member alert | Formats PDF | Date Revised 01/02/2024 | Markup PDF |
| Name of Document Overview of fallback provisions in LMA Term €STR Fallback Exposure Draft | Formats PDF | Date Revised 26/10/2023 | Markup PDF |
Borrowing Base
Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Users guide to form of revolving facility agreement for borrowing base transactions | Formats PDF | Date Revised 29/09/2021 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Revolving facility agreement incorporating backward-looking compounded rates (with option for lookback without or with observation shift) for use in borrowing base transactions | Formats Word | Date Revised 29/09/2021 | Markup PDF |
Investment Grade
Mandate and Syndication Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Users Guide to Confidentiality Undertakings (English law) | Formats PDF | Date Revised 15/08/2018 | Markup PDF |
| Name of Document LMA Front Running Letter of Undertaking Users Guide | Formats PDF | Date Revised 08/03/2018 | Markup PDF |
| Name of Document Explanatory Memo relating to Mandate Letters, Commitment Letters, Front Running Letters, Syndication Closing Timeline & Syndication Decision Charts | Formats PDF | Date Revised 24/02/2009 | Markup PDF |
Term sheets, mandate letters, commitment letters, front running undertakings, timeline and decision charts
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Mandate Letter - Underwritten | Formats Word | Date Revised 28/05/2021 | Markup PDF |
| Name of Document LMA Confidentiality and Front Running Letter for Primary Syndication | Formats Word | Date Revised 28/05/2021 | Markup PDF |
| Name of Document LMA Confidentiality Undertaking for disclosure by potential initial lenders subscribers to credit protection providers | Formats Word | Date Revised 28/05/2021 | Markup PDF |
| Name of Document LMA Mandate Letter - Best Efforts | Formats Word | Date Revised 28/05/2021 | Markup PDF |
| Name of Document LMA Front Running Letter of Undertaking | Formats Word | Date Revised 28/05/2021 | Markup PDF |
| Name of Document LMA Term Sheet | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document Agency Details Form | Formats Word | Date Revised 02/08/2018 | Markup PDF |
| Name of Document Administration Detail Form | Formats Word | Date Revised 31/05/2018 | Markup PDF |
| Name of Document LMA Syndicate Member Commitment Letter for Primary Syndication - for initial commitment without approval of documentation | Formats Word | Date Revised 24/02/2009 | Markup PDF |
| Name of Document LMA Syndicate Member Commitment Letter For Primary Syndication - for final commitment with approval of documentation | Formats Word | Date Revised 24/02/2009 | Markup PDF |
| Name of Document Syndication Decision Chart - Unsuccessful Syndication | Formats PDF | Date Revised 24/02/2009 | Markup PDF |
| Name of Document Syndication Decision Chart - Successful Syndication | Formats PDF | Date Revised 24/02/2009 | Markup PDF |
LIBOR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document EU legislative references in LMA English law facility documentation | Formats PDF | Date Revised 18/11/2020 | Markup PDF |
| Name of Document Users Guide to Investment Grade Primary documentation | Formats PDF | Date Revised 28/02/2020 | Markup PDF |
| Name of Document Users Guide to LMA Finance Party Default Clauses in Conjunction with the LMA Recommended Form of Primary Document | Formats PDF | Date Revised 28/02/2020 | Markup PDF |
| Name of Document Summary Note re Jan 2012 Changes to Swingline Options & Finance Party Default Clauses | Formats PDF | Date Revised 20/01/2012 | Markup PDF |
| Name of Document Summary Note re Dec 2011 changes to LMA Primary Documents & Finance Party Default & Market Disruption Clauses | Formats PDF | Date Revised 23/12/2011 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Multicurrency Term and Revolving Facilities Agreement | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Multicurrency Term and Revolving Facilities Agreement with Letter of Credit | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Multicurrency Term and Revolving Facilities Agreement incorporating a Swingline facility | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Multicurrency Term Facility Agreement | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Multicurrency Revolving Facility Agreement | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Multicurrency Revolving Facilities Agreement incorporating a Swingline facility | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Single Currency Term and Revolving Facilities Agreement | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Single Currency Term and Revolving Facilities Agreement incorporating a Swingline facility | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Single Currency Term Facility Agreement | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Single Currency Revolving Facility Agreement | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Single Currency Revolving Facilities Agreement incorporating a Swingline facility | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document Domestic Benchmark Slot-in Schedules | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Recommended Form of Designated Entity Clause and User Guide | Formats Word | Date Revised 28/02/2020 | Markup PDF |
RFR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Term SOFR Commentary | Formats Word | Date Revised 22/01/2024 | Markup PDF |
| Name of Document Commentary to the LMA recommended forms of compounded rate facilities agreements (lookback without and with observation shift) | Formats PDF | Date Revised 26/10/2023 | Markup PDF |
| Name of Document Member alert - exposure draft term €STR switch document | Formats PDF | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Term €STR Commentary | Formats PDF | Date Revised 26/10/2023 | Markup PDF |
| Name of Document Overview of fallback provisions in LMA Term €STR Fallback Exposure Draft | Formats PDF | Date Revised 26/10/2023 | Markup PDF |
| Name of Document Member alert - updated IG compounded rate documentation | Formats PDF | Date Revised 26/10/2023 | Markup PDF |
| Name of Document Users Guide to LMA Finance Party Default Clauses in Conjunction with the LMA Recommended Form of Primary Document | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Extension Option and Users Guide | Formats Word | Date Revised 21/05/2024 | Markup PDF |
| Name of Document Member alert - extension option and users guide | Formats PDF | Date Revised 21/05/2024 | Markup PDF |
| Name of Document LMA Exposure Draft Multicurrency Term and Revolving Facilities Agreement incorporating Term €STR | Formats Word | Date Revised 01/02/2024 | Markup PDF |
| Name of Document LMA CORRA Schedules | Formats Word | Date Revised 31/10/2023 | Markup PDF |
| Name of Document LMA Compounded TONA Schedule | Formats Word | Date Revised 31/10/2023 | Markup PDF |
| Name of Document LMA Single Currency Revolving Facility Agreement with/without Observation Shift | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Multicurrency Term Facility Agreement with/without Observation Shift | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Multicurrency Term and Revolving Facilities Agreement with Letter of Credit with/without Observation Shift | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Single Currency Term Facility Agreement with/without Observation Shift | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Multicurrency Revolving Facility Agreement with/without Observation Shift | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Multicurrency Term and Revolving Facilities Agreement incorporating a Swingline Facility with/without Observation Shift | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Multicurrency Term and Revolving Facilities Agreement incorporating Term SOFR | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA 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) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Multicurrency Term and Revolving Facilities Agreement incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (lookback without Observation Shift) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Single Currency Term and Revolving Facilities Agreement incorporating backward-looking compounded rates (lookback with Observation Shift) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Multicurrency Term and Revolving Facilities Agreement incorporating backward-looking compounded rates and forward-looking term rates with rate switch provisions (lookback with Observation Shift) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Term Sheet for Single Currency Term and Revolving Facilities Agreements incorporating backward-looking compounded rates (lookback [without[/[with] Observation Shift) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Single Currency Term and Revolving Facilities Agreement incorporating backward-looking compounded rates (lookback without Observation Shift) | Formats Word | Date Revised 26/10/2023 | Markup PDF |
| Name of Document LMA Recommended form of Designated Entity Clause and User Guide | Formats Word | Date Revised 28/05/2021 | Markup PDF |
Leveraged/High Yield
RFR Documentation
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Super Senior Multicurrency Revolving Facility Agreement (Compounded Rate/Term Rate) | Formats Word | Date Revised 15/12/2021 | Markup PDF |
| Name of Document Super Senior Multicurrency Revolving Facility Agreement with HY Notes (Compounded Rate/Term Rate) | Formats Word | Date Revised 15/12/2021 | Markup PDF |
Intercreditor Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Super Senior Intercreditor Agreement with HY Notes (Compounded Rate/Term Rate) | Formats Word | Date Revised 15/12/2021 | Markup PDF |
| Name of Document LMA Super Senior Intercreditor Agreement (Compounded Rate/Term Rate) | Formats Word | Date Revised 15/12/2021 | Markup PDF |
LIBOR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document LIBOR transition considerations in LMA leveraged finance documentation | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document User Guide to Super Senior Multicurrency Revolving Facility Agreement | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
| Name of Document User Guide to Super Senior Multicurrency Revolving Facility Agreement with HY Notes | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Super Senior Multicurrency Revolving Facility Agreement | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Super Senior Multicurrency Revolving Facility Agreement with HY notes | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Domestic Benchmark Slot-in Schedules | Formats Word | Date Revised 28/02/2020 | Markup PDF |
LIBOR Intercreditor Agreement
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document User Guide to Super Senior LMA Intercreditor Agreement | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
| Name of Document User Guide to Super Senior LMA Intercreditor Agreement with HY Notes | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Super Senior Intercreditor Agreement with HY Notes | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document LMA Super Senior Intercreditor Agreement | Formats Word | Date Revised 20/03/2020 | Markup PDF |
Leveraged - Senior/Mezzanine
RFR Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Mezzanine Facility Agreement Drafting Guide for Leveraged Acquisition Finance Transactions (Senior/Mezzanine) (Compounded Rate/Term Rate) | Formats PDF | Date Revised 15/12/2021 | Markup PDFPDF |
Mandate and Syndication Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Leveraged Term Sheet (RFR) | Formats Word | Date Revised 15/12/2021 | Markup PDF |
Financial Covenants
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Financial Covenants Provisions | Formats Word | Date Revised 15/12/2021 | Markup PDF |
Facility Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Leveraged Facilities Agreement (Compounded Rate/Term Rate) | Formats Word | Date Revised 15/12/2021 | Markup PDF |
Facility Agreement Slot-in Clauses
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Recommended Form of Designated Entity Clause and User Guide | Formats Word | Date Revised 21/01/2022 | Markup PDF |
Intercreditor Agreement
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Intercreditor Agreement (Senior/Mezzanine) (Compounded Rate/Term Rate) | Formats Word | Date Revised 17/11/2022 | Markup PDF |
LIBOR Mandate and Syndication Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Users Guide to Forms of Fronted Agreements for Leveraged Acquisition Finance Transactions | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
| Name of Document LMA Users Guide to Confidentiality Undertakings (English law) | Formats PDF | Date Revised 15/08/2018 | Markup PDF |
| Name of Document LMA Front Running Letter of Undertaking Users Guide | Formats PDF | Date Revised 08/03/2018 | Markup PDF |
| Name of Document Explanatory Memo Relating To Mandate Letters, Commitment Letters, Front Running Letters, Syndication Closing Timeline & Syndication Decision Charts | Formats PDF | Date Revised 24/02/2009 | Markup PDF |
Term sheets, mandate letters, commitment letters, front running undertakings, timeline and decision charts
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Recommended Timeline for Settlement of Primary Syndication of Leveraged Transactions Incorporating Fault Based Delayed Settlement Compensation | Formats PDF | Date Revised 17/04/2024 | Markup PDF |
| Name of Document Administration Detail Form | Formats Word | Date Revised 02/03/2023 | Markup PDF |
| Name of Document Leveraged Term Sheet | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Agency Details Form | Formats Word | Date Revised 02/08/2018 | Markup PDF |
| Name of Document LMA Mandate Letter - Best Efforts | Formats Word | Date Revised 08/03/2018 | Markup PDF |
| Name of Document LMA Mandate Letter - Underwritten | Formats Word | Date Revised 08/03/2018 | Markup PDF |
| Name of Document LMA Confidentiality and Front Running Letter for Primary Syndication | Formats Word | Date Revised 08/03/2018 | Markup PDF |
| Name of Document LMA Front Running Letter of Undertaking | Formats Word | Date Revised 08/03/2018 | Markup PDF |
| Name of Document LMA Confidentiality Undertaking for disclosure by potential initial lenders subscribers to credit protection providers | Formats Word | Date Revised 08/03/2018 | Markup PDF |
| Name of Document LMA Syndicate Member Commitment Letter for Primary Syndication - for initial commitment without approval of documentation | Formats Word | Date Revised 24/02/2009 | Markup PDF |
| Name of Document LMA Syndicate Member Commitment Letter For Primary Syndication - for final commitment with approval of documentation | Formats Word | Date Revised 24/02/2009 | Markup PDF |
| Name of Document Syndication Decision Chart - Unsuccessful Syndication | Formats PDF | Date Revised 24/02/2009 | Markup PDF |
| Name of Document Syndication Decision Chart - Successful Syndication | Formats PDF | Date Revised 24/02/2009 | Markup PDF |
Fronted Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Fronted Distribution Agreement | Formats Word | Date Revised 21/12/2018 | Markup PDF |
| Name of Document Fronted Funding and Distribution Agreement | Formats Word | Date Revised 21/12/2018 | Markup PDF |
LIBOR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR transition considerations in LMA leveraged finance documentation | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document EU legislative references in LMA English law facility documentation | Formats PDF | Date Revised 18/11/2020 | Markup PDF |
| Name of Document Users Guide to Form of Facility Agreement for Leveraged Acquisition Finance Transactions | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Mezzanine Facility Agreement Drafting Guide for Leveraged Acquisition Finance Transactions | Formats PDF | Date Revised 20/03/2020 | Markup PDFPDF |
| Name of Document Financial Covenants Provisions Users Guide | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
| Name of Document LMA note on the changes to leveraged documentation - November 2016 | Formats PDF | Date Revised 18/11/2016 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document EU legislative references in LMA English law facility documentation | Formats PDF | Date Revised 18/11/2020 | Markup PDF |
| Name of Document LMA Leveraged Facilities Agreement | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Explanatory Letter re. changes to Senior Multicurrency Facilities agreement | Formats PDF | Date Revised 14/09/2012 | Markup PDF |
Facility Agreement Slot-in Clauses
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Domestic Benchmark Slot-in Schedules | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document LMA Recommended Form of Designated Entity Clause and Users Guide | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document Rider permitting disclosure to numbering service providers and administration/settlement service providers | Formats Word | Date Revised 18/07/2017 | Markup PDF |
Financial Covenants
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Financial Covenants Provisions | Formats Word | Date Revised 21/12/2018 | Markup PDF |
Other
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Form of letter re permission to disclose information to numbering service providers and administration/settlement service providers | Formats Word | Date Revised 18/07/2017 | Markup PDF |
| Name of Document LMA Hedging Letter | Formats Word | Date Revised 18/11/2016 | Markup PDF |
LIBOR Intercreditor Agreement
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Intercreditor User Guide | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Memorandum explaining revisions to Intercreditor Agreement - September 2012 | Formats PDF | Date Revised 14/09/2012 | Markup PDF |
Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Intercreditor Agreement | Formats Word | Date Revised 20/03/2020 | Markup PDF |
Leveraged - Super Senior/Senior
RFR Intercreditor Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Intercreditor Agreement for Leveraged Acquisition Finance Transactions (Super Senior/Senior) (Compounded Rate/Term Rate) | Formats Word | Date Revised 15/12/2021 | Markup PDF |
LIBOR Intercreditor Agreement
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Users guide to form of Intercreditor Agreement for Leveraged Acquisition Finance Transactions (Super Senior/Senior) | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Intercreditor Agreement for Leveraged Acquisition Finance Transactions (Super Senior/Senior) | Formats Word | Date Revised 20/03/2020 | Markup PDF |
Real Estate Finance
Syndication Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document REF Term Sheet for Multiproperty Investment Transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document REF Term Sheet for Euro Term Facility Agreement (German law, German language) | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document REF Term Sheet for Development Transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document REF Term Sheet for Euro Term Facility Agreement (German law, English language) | Formats Word | Date Revised 20/03/2020 | Markup PDF |
RFR Facility Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Senior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance Transactions | Formats PDF | Date Revised 22/03/2023 | Markup PDF |
| Name of Document LMA Senior Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions (with/without observation shift) | Formats Word | Date Revised 01/09/2022 | Markup PDF |
| Name of Document LMA REF Investment Facility Agreement with Day One RFRs - redline against LIBOR version | Formats PDF | Date Revised 06/05/2022 | Markup PDF |
| Name of Document LMA REF Investment Facility Agreement with Day One RFRs | Formats Word | Date Revised 28/04/2022 | Markup PDF |
| Name of Document LMA REF Development Facility Agreement with Day One RFRs | Formats Word | Date Revised 28/04/2022 | Markup PDF |
| Name of Document LMA REF Investment Term Sheet (RFR) | Formats Word | Date Revised 28/04/2022 | Markup PDF |
| Name of Document LMA REF Development Term Sheet (RFR) | Formats Word | Date Revised 28/04/2022 | Markup PDF |
LIBOR Facility Documentation - Single Loan
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR transition considerations in LMA real estate finance documentation | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document Users Guide to the German Law version of form of Facility Agreement for use in Real Estate Finance Multiproperty Investment Transactions | Formats PDF | Date Revised 26/08/2020 | Markup PDF |
| Name of Document Users Guide to the German Law (German language) version of form of Facility Agreement for use in Real Estate Finance Multiproperty Investment Transactions | Formats PDF | Date Revised 26/08/2020 | Markup PDF |
| Name of Document User Guide to Real Estate Finance Multiproperty Investment Facility Agreement | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
| Name of Document User Guide to Real Estate Finance Development Facility Agreement | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions | Formats Word | Date Revised 01/07/2020 | Markup PDF |
| Name of Document Single Currency Term Facility Agreement for Real Estate Finance Development Transactions | Formats Word | Date Revised 01/07/2020 | Markup PDF |
| Name of Document Domestic Benchmark Slot-in Schedules | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document REF Financial Covenant Cure Rider | Formats Word | Date Revised 21/12/2018 | Markup PDF |
LIBOR Facility Documentation – Senior/Mezzanine
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR transition considerations in LMA real estate finance documentation | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document Senior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance Transactions | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Senior Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Mark-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 | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Domestic Benchmark Slot-in Schedules | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document REF Financial Covenant Cure Rider | Formats Word | Date Revised 21/12/2018 | Markup PDF |
Intercreditor Agreement
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Intercreditor User Guide for Real Estate Finance Transactions | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
| Name of Document LMA Intercreditor User Guide for Real Estate Finance Transactions (contractual subordination only) | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Intercreditor Agreement for Real Estate Finance Transactions | Formats Word | Date Revised 19/04/2023 | Markup PDF |
| Name of Document LMA Intercreditor Agreement for Real Estate Finance Transactions (contractual subordination only) | Formats Word | Date Revised 19/04/2023 | Markup PDF |
German Law Documents
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Euro Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions (German Language, German Law Version) | Formats Word | Date Revised 29/09/2022 | Markup PDF |
| Name of Document Euro Term Facility Agreement For Real Estate Finance Multiproperty Investment Transactions (English Language, German Law Version) | Formats Word | Date Revised 29/09/2022 | Markup PDF |
Supporting Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Guidance Note on the Building Safety Act 2022 | Formats Word | Date Revised 18/04/2024 | Markup PDF |
| Name of Document User Guide - LMA REF Duty of Care Agreement | Formats PDF | Date Revised 07/12/2023 | Markup PDF |
| Name of Document User Guide - LMA REF Subordination Agreement | Formats PDF | Date Revised 07/12/2023 | Markup PDF |
| Name of Document Guidance on the Register of Overseas Entities regime | Formats PDF | Date Revised 28/11/2022 | Markup PDF |
| Name of Document User Guide - LMA REF Investment Security Agreement | Formats Word | Date Revised 20/06/2022 | Markup PDF |
| Name of Document User Guide LMA REF Development Security Agreement | Formats Word | Date Revised 20/06/2022 | Markup PDF |
| Name of Document User Guide LMA REF Shareholder Security Agreement | Formats Word | Date Revised 20/06/2022 | Markup PDF |
| Name of Document Guidance on the application of the Sustainability-Linked Loan Principles in real estate finance and real estate development finance | Formats PDF | Date Revised 10/03/2022 | Markup PDF |
| Name of Document Guidance on the application of the Green Loan Principles in the real estate finance (REF) lending context – Retrofit projects | Formats PDF | Date Revised 13/11/2020 | Markup PDF |
| Name of Document Guidance on the application of the Green Loan Principles in the real estate finance (REF) investment lending context – Green buildings | Formats PDF | Date Revised 13/11/2020 | Markup PDF |
| Name of Document User Guide for Insurance Broker Letter | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA REF Duty of Care Agreement | Formats Word | Date Revised 07/12/2023 | Markup PDF |
| Name of Document LMA REF Subordination Agreement | Formats Word | Date Revised 07/12/2023 | Markup PDF |
| Name of Document LMA REF Investment Security Agreement | Formats Word | Date Revised 20/06/2022 | Markup PDF |
| Name of Document LMA REF Development Security Agreement | Formats Word | Date Revised 20/06/2022 | Markup PDF |
| Name of Document LMA REF Shareholder Security Agreement | Formats Word | Date Revised 20/06/2022 | Markup PDF |
| Name of Document LMA Insurance Broker Letter | Formats Word | Date Revised 21/12/2018 | Markup PDF |
Schuldscheindarlehen
Schuldschein Loan Agreement
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Schuldschein Loan User Guide | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
Loan Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Schuldschein Loan Agreement (single borrower) | Formats Word | Date Revised 16/02/2024 | Markup PDF |
| Name of Document LMA Schuldschein Loan Agreement (with guarantee) | Formats Word | Date Revised 16/02/2024 | Markup PDF |
Schuldscheindarlehensvertrag
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Schuldscheindarlehensvertrag Nutzerleitfaden | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
Loan Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Schuldscheindarlehensvertrag | Formats Word | Date Revised 16/02/2024 | Markup PDF |
| Name of Document LMA Schuldscheindarlehensvertrag (mit Garantie) | Formats Word | Date Revised 16/02/2024 | Markup PDF |
RFR Drafting Guide
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Drafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA Documentation | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
Pre-Export Finance
LIBOR Mandate and Syndication Documentation
Term Sheet
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Pre-Export Finance Term Sheet | Formats Word | Date Revised 20/03/2020 | Markup PDF |
LIBOR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR transition considerations in LMA export finance, developing market and pre-export finance documentation | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document Considerations in respect of the use of forward-looking term SONIA reference rates | Formats PDF | Date Revised 26/03/2021 | Markup PDF |
| Name of Document User Guide to Pre-Export Finance Facility Agreement | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Single Currency Term Facility Agreement for Pre-Export Finance Transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Domestic Benchmark Slot-in Schedules | Formats Word | Date Revised 28/02/2020 | Markup PDF |
RFR Drafting Guide
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Drafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA Documentation | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
RFR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Pre-Export Finance User Guide | Formats Word | Date Revised 22/01/2024 | Markup PDF |
| Name of Document LMA Term SOFR Commentary | Formats Word | Date Revised 22/01/2024 | Markup PDF |
| Name of Document Member Alert | Formats PDF | Date Revised 22/01/2024 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Pre-Export Finance Agreement | Formats Word | Date Revised 22/01/2024 | Markup PDF |
| Name of Document LMA Pre-Export Finance Term Sheet | Formats Word | Date Revised 22/01/2024 | Markup PDF |
Export Finance
LIBOR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document LIBOR transition considerations in LMA export finance, developing market and pre-export finance documentation | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document Considerations in respect of the use of forward-looking term SONIA reference rates | Formats PDF | Date Revised 26/03/2021 | Markup PDF |
| Name of Document Users guide to form of single currency export finance buyer credit agreement | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Single currency term facility agreement for use in export finance buyer credit transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
RFR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Export Finance Working Party Statement | Formats PDF | Date Revised 18/06/2024 | Markup PDF |
| Name of Document Member alert - export finance documentation update and new guidance | Formats PDF | Date Revised 10/06/2024 | Markup PDF |
| Name of Document LMA Users Guide Single Currency Export Finance Buyer Credit Agreement | Formats PDF | Date Revised 10/06/2024 | Markup PDF |
| Name of Document LMA Untied ECA financing guidance note | Formats PDF | Date Revised 10/06/2024 | Markup PDF |
| Name of Document LMA Term SONIA Commentary | Formats PDF | Date Revised 10/06/2024 | Markup PDF |
| Name of Document LMA note on sovereign obligor considerations | Formats PDF | Date Revised 07/06/2024 | Markup PDF |
| Name of Document Member alert - sovereign obligor guidance note | Formats PDF | Date Revised 07/06/2024 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Export Finance Buyer Credit Facility Agreement Incorporating Compounded €STR Fallback from EURIBOR | Formats Word | Date Revised 10/06/2024 | Markup PDF |
| Name of Document LMA Export Finance Buyer Credit Facility Agreement Incorporating Backward-Looking Compounded Rates (SOFR / SONIA) | Formats Word | Date Revised 10/06/2024 | Markup PDF |
| Name of Document LMA Export Finance Buyer Credit Facility Agreement Incorporating Forward-looking Term Rates (Term SOFR / Term SONIA) | Formats Word | Date Revised 10/06/2024 | Markup PDF |
Developing Markets
LIBOR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR transition considerations in LMA export finance, developing market and pre-export finance documentation | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document Considerations in respect of the use of forward-looking term SONIA reference rates | Formats PDF | Date Revised 26/03/2021 | Markup PDF |
| Name of Document User Guide to Developing Markets Facility Agreement | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Single Currency Revolving Facility Agreement with Letter of Credit for Developing Markets Transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Single Currency Term Facility Agreement for Developing Markets Transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Single Currency Revolving Facility Agreement for Developing Markets Transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Single Currency Term and Revolving Facilities Agreement for Developing Markets Transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Dual Currency Term Facilities Agreement for Developing Markets Transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Secured Single Currency Term Facility Agreement for Developing Markets Transactions | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document Domestic Benchmark Slot-in Schedules | Formats Word | Date Revised 28/02/2020 | Markup PDF |
RFR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA note on sovereign obligor considerations | Formats PDF | Date Revised 07/06/2024 | Markup PDF |
| Name of Document Member alert - sovereign obligor guidance note | Formats PDF | Date Revised 07/06/2024 | Markup PDF |
| Name of Document LMA Term SOFR Commentary | Formats Word | Date Revised 22/01/2024 | Markup PDF |
| Name of Document Member Alert | Formats PDF | Date Revised 22/01/2024 | Markup PDF |
| Name of Document Commentary to the LMA recommended forms of compounded rate facilities agreement (lookback without and with observation shift) | Formats PDF | Date Revised 26/10/2023 | Markup PDF |
| Name of Document Member alert | Formats PDF | Date Revised 25/05/2023 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Secured Single Currency Term Facility Agreement for Developing Markets Transactions without or with Observation Shift | Formats Word | Date Revised 22/01/2024 | Markup PDF |
| Name of Document LMA Single Currency Term and Revolving Facilities Agreement incorporating Term SOFR for use in Developing Market jurisdictions | Formats Word | Date Revised 22/01/2024 | Markup PDF |
| Name of Document LMA Single Currency Secured Term Facility Agreement incorporating Term SOFR for use in Developing Market jurisdictions (non-modular framework) | Formats Word | Date Revised 22/01/2024 | Markup PDF |
| Name of Document LMA Single Currency Secured Term Facility Agreement incorporating Term SOFR for use in Developing Market jurisdictions (modular framework) | Formats Word | Date Revised 22/01/2024 | Markup PDF |
RFR Drafting Guide
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Drafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA Documentation | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
South African Law Investment Grade
Mandate and Syndication Documentation
Confidentiality agreement for primary syndication
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Confidentiality Letter for Primary Syndication for use in South Africa | Formats Word | Date Revised 28/02/2020 | Markup PDF |
Confidentiality rider - front running
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Front Running Confidentiality Rider | Formats Word | Date Revised 28/02/2020 | Markup PDF |
Confidentiality rider - information barriers and standstill
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Information Barrier and Standstill Confidentiality Rider | Formats Word | Date Revised 28/02/2020 | Markup PDF |
Mandate letters
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Mandate Letter - Best Efforts | Formats Word | Date Revised 01/03/2018 | Markup PDF |
| Name of Document LMA Mandate Letter - Underwritten | Formats Word | Date Revised 01/03/2018 | Markup PDF |
Facility Documentation
Replacement of Screen Rate Clause
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Recommended Revised Form of Replacement Screen Rate Clause and Users Guide for use in the South African market | Formats Word | Date Revised 02/11/2023 | Markup PDF |
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document User Guide to South African Law Facility Agreements | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Unsecured Single Currency Multiple Borrower Term and Revolving Facilities Agreement | Formats Word | Date Revised 21/12/2018 | Markup PDF |
| Name of Document Unsecured Single Currency Multiple Borrower Term Facilities Agreement | Formats Word | Date Revised 21/12/2018 | Markup PDF |
| Name of Document Unsecured Single Currency Single Borrower Term and Revolving Facilities Agreement | Formats Word | Date Revised 21/12/2018 | Markup PDF |
| Name of Document Unsecured Single Currency Single Borrower Term Facilities Agreement | Formats Word | Date Revised 21/12/2018 | Markup PDF |
| Name of Document Single Currency Secured Term Facilities Agreement | Formats Word | Date Revised 21/12/2018 | Markup PDF |
RFR Transition
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Commentary to the Exposure Draft South African Rate Switch Agreement | Formats PDF | Date Revised 09/05/2024 | Markup PDF |
| Name of Document Exposure Draft South African Rate Switch Agreement | Formats Word | Date Revised 09/05/2024 | Markup PDF |
| Name of Document Member alert - exposure draft SA rate switch agreement | Formats PDF | Date Revised 09/05/2024 | Markup PDF |
| Name of Document LMA Recommended Revised Form of Replacement Screen Rate Clause and Users Guide for use in the South African market | Formats Word | Date Revised 02/11/2023 | Markup PDF |
| Name of Document Member alert - revised replacement screen rate clause | Formats PDF | Date Revised 02/11/2023 | Markup PDF |
| Name of Document Drafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA Documentation | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
Africa Documents
Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document User Guide to Facility Agreements for Use in Kenya, Nigeria, Tanzania, Uganda and Zambia | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
| Name of Document Zimbabwe LMA Facility Agreement User Guide | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Exposure Draft LMA Africa Term SOFR Facility Agreement | Formats Word | Date Revised 24/07/2024 | Markup PDF |
| Name of Document East Africa, Nigeria and Zambia Single Currency Secured and Unsecured Term Facilities Agreement | Formats Word | Date Revised 21/12/2018 | Markup PDF |
| Name of Document Zimbabwean Single Currency Secured Term Facility Agreement | Formats Word | Date Revised 21/12/2018 | Markup PDF |
RFR Drafting Guide
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Drafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA Documentation | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
Supporting Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document NEAZ Security Agreement | Formats Word | Date Revised 11/04/2022 | Markup PDF |
| Name of Document NEAZ Security Agreement User Guide | Formats PDF | Date Revised 11/04/2022 | Markup PDF |
French Law Investment Grade
RFR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document User Guide to French Law Multicurrency Term and Revolving Facilities Agreement | Formats PDF | Date Revised 22/12/2021 | Markup PDF |
| Name of Document Drafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA Documentation | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document French 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) | Formats Word | Date Revised 21/01/2022 | Markup PDF |
| Name of Document French 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) | Formats Word | Date Revised 22/12/2021 | Markup PDF |
LIBOR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR transition considerations in French, German and Spanish law | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document User Guide to French Law Multicurrency Term and Revolving Facilities Agreement | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document French Law LMA Multicurrency Term and Revolving Facilities Agreement (English) | Formats Word | Date Revised 28/02/2020 | Markup PDF |
| Name of Document French Law LMA Multicurrency Term and Revolving Facilities Agreement (French) | Formats Word | Date Revised 28/02/2020 | Markup PDF |
German Law Investment Grade
RFR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document User Guide to German Law Multicurrency Term and Revolving Facility Agreement | Formats PDF | Date Revised 01/02/2024 | Markup PDF |
| Name of Document Member alert | Formats PDF | Date Revised 01/02/2024 | Markup PDF |
| Name of Document Drafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA Documentation | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document German 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) | Formats Word | Date Revised 01/02/2024 | Markup PDF |
LIBOR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document LIBOR transition considerations in French, German and Spanish law | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document User Guide to German Law Multicurrency Term and Revolving Facility Agreement | Formats PDF | Date Revised 26/08/2020 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document German Law Multicurrency Term and Revolving Facility Agreement | Formats Word | Date Revised 26/08/2020 | Markup PDF |
Spanish Law Investment Grade
RFR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document User Guide to Spanish Law Multicurrency Term and Revolving Facility Agreement (Spanish) | Formats PDF | Date Revised 22/12/2021 | Markup PDF |
| Name of Document User Guide to Spanish Law Multicurrency Term and Revolving Facility Agreement (English) | Formats PDF | Date Revised 22/12/2021 | Markup PDF |
| Name of Document Drafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA Documentation | Formats PDF | Date Revised 28/05/2021 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Spanish 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) | Formats Word | Date Revised 22/12/2021 | Markup PDF |
LIBOR Facility Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR transition considerations in French, German and Spanish law | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document LIBOR transition considerations overview for wider LMA document suite | Formats PDF | Date Revised 30/03/2021 | Markup PDF |
| Name of Document User Guide to Spanish Law Multicurrency Term and Revolving Facility Agreement (English) | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
| Name of Document User Guide to Spanish Law Multicurrency Term and Revolving Facility Agreement (Spanish) | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
Facility Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Spanish Law Multicurrency Term and Revolving Facility Agreement (Spanish) | Formats Word | Date Revised 28/02/2020 | Markup PDF |
Sustainable Finance
Sustainability-Linked Instruments
Draft Provisions for Sustainability-Linked Loans
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Term Sheet for Draft Provisions for Sustainability-Linked Loans | Formats Word | Date Revised 12/10/2023 | Markup PDF |
| Name of Document Draft Provisions for Sustainability-Linked Loans | Formats Word | Date Revised 04/05/2023 | Markup PDF |
Sustainability Coordinator Letter
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Sustainability Coordinator Letter | Formats Word | Date Revised 23/04/2024 | Markup PDF |
Sustainability-Linked Loan Principles
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Sustainability-Linked Loan Principles | Formats PDF | Date Revised 23/02/2023 | Markup PDF |
| Name of Document Guidance on Sustainability-Linked Loan Principles | Formats PDF | Date Revised 23/02/2023 | Markup PDF |
Use of Proceeds Instruments
Green Loan Principles
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Introduction to Green Loan Frameworks | Formats PDF | Date Revised 19/12/2023 | Markup PDF |
| Name of Document Green Loan Principles | Formats PDF | Date Revised 23/02/2023 | Markup PDF |
| Name of Document Guidance on Green Loan Principles | Formats PDF | Date Revised 23/02/2023 | Markup PDF |
Social Loan Principles
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Social Loan Principles | Formats PDF | Date Revised 23/02/2023 | Markup PDF |
| Name of Document Guidance on Social Loan Principles | Formats PDF | Date Revised 23/02/2023 | Markup PDF |
Resources
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Guidelines for Sustainability-Linked Loans financing Bonds (SLLBs) | Formats PDF | Date Revised 25/06/2024 | Markup PDF |
| Name of Document External Review Guidance for Green, Social, and Sustainability-Linked Loans | Formats PDF | Date Revised 25/01/2024 | Markup PDF |
| Name of Document An Introduction to Green Loan Frameworks | Formats PDF | Date Revised 19/12/2023 | Markup PDF |
| Name of Document Sustainable Lending Glossary of Terms | Formats PDF | Date Revised 08/12/2023 | Markup PDF |
| Name of Document Getting Started in Sustainable Finance | Formats PDF | Date Revised 08/11/2023 | Markup PDF |
| Name of Document LMA and ELFA Updated Best Practice Guide to Sustainability-Linked Leveraged Loans | Formats PDF | Date Revised 05/10/2023 | Markup PDF |
| Name of Document ESG Diligence Questionnaire - Asset Manager (Excel Version) | Formats PDF | Date Revised 29/09/2022 | Markup PDF |
| Name of Document Introduction to the Sustainability Coordinator Role | Formats PDF | Date Revised 12/07/2022 | Markup PDF |
| Name of Document Guidance on the application of the Sustainability-Linked Loan Principles in real estate finance and real estate development finance | Formats PDF | Date Revised 10/03/2022 | Markup PDF |
| Name of Document ESG Diligence Questionnaire - Asset Manager | Formats Word | Date Revised 04/06/2021 | Markup PDF |
| Name of Document Guidance on the application of the Green Loan Principles in the real estate finance (REF) investment lending context – Green buildings | Formats PDF | Date Revised 13/11/2020 | Markup PDF |
| Name of Document Guidance on the application of the Green Loan Principles in the real estate finance (REF) lending context – Retrofit projects | Formats PDF | Date Revised 13/11/2020 | Markup PDF |
Credit Risk Insurance
Relevant Documents
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Credit Risk Insurance Model Form | Formats Word | Date Revised 10/08/2022 | Markup PDF |
| Name of Document LMA Credit Risk Insurance User Guide | Formats PDF | Date Revised 10/08/2022 | Markup PDF |
Release & Reliance Letters
Relevant Documents
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Guidance Note To Release And Reliance Letters For Leveraged Finance Transactions | Formats PDF | Date Revised 21/12/2018 | Markup PDF |
Secondary Debt Trading
Secondary Trading Documentation
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Secondary Debt Trading Documentation User Guide | Formats PDF | Date Revised 30/03/2022 | Markup PDF |
| Name of Document Explanatory Note to LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims) | Formats PDF | Date Revised 04/01/2022 | Markup PDF |
| Name of Document Issues To Be Considered Prior To/Immediately After A Trade | Formats PDF | Date Revised 15/08/2017 | Markup PDF |
| Name of Document LMA Guidance Note - LMA Recommended forms of Secondary Debt Trading Documentation | Formats PDF | Date Revised 03/02/2011 | Markup PDF |
Core Trade Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Trade Confirmation (Claims) | Formats Word | Date Revised 18/02/2022 | Markup PDF |
| Name of Document LMA Trade Confirmation (Risk Participation) | Formats Word | Date Revised 18/02/2022 | Markup PDF |
| Name of Document LMA Trade Confirmation (Bank Debt) | Formats Word | Date Revised 18/02/2022 | Markup PDF |
| Name of Document LMA Master Funded Participation Agreement (Par/Distressed) | Formats Word | Date Revised 04/01/2022 | Markup PDF |
| Name of Document LMA Master Risk Participation Agreement (Par) | Formats Word | Date Revised 04/01/2022 | Markup PDF |
| Name of Document LMA Funded Participation (Distressed/Claims) | Formats Word | Date Revised 04/01/2022 | Markup PDF |
| Name of Document LMA Funded Participation (Par/Distressed) | Formats Word | Date Revised 04/01/2022 | Markup PDF |
| Name of Document LMA Risk Participation (Par) | Formats Word | Date Revised 04/01/2022 | Markup PDF |
| Name of Document LMA Funded/Risk Participation (Par) | Formats Word | Date Revised 04/01/2022 | Markup PDF |
| Name of Document LMA Risk to Funded Participation (Par) | Formats Word | Date Revised 04/01/2022 | Markup PDF |
| Name of Document LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims) | Formats PDF | Date Revised 04/01/2022 | Markup PDF |
| Name of Document LMA Form of Early Termination Amount Statement for Par & Distressed Trade Transactions | Formats Word | Date Revised 17/02/2015 | Markup PDF |
| Name of Document LMA Buy-In/Sell-Out Notice | Formats Word | Date Revised 03/03/2014 | Markup PDF |
| Name of Document LMA Purchase Price Notice | Formats Word | Date Revised 03/03/2014 | Markup PDF |
| Name of Document LMA Price Dispute Notice - HISTORIC | Formats Word | Date Revised 03/03/2014 | Markup PDF |
| Name of Document LMA Assignment (Bank Debt) | Formats Word | Date Revised 24/03/2011 | Markup PDF |
| Name of Document LMA Assignment (Distressed/Claims) | Formats Word | Date Revised 24/03/2011 | Markup PDF |
| Name of Document LMA Transfer Agreement (Bank Debt) | Formats Word | Date Revised 04/01/2010 | Markup PDFPDF |
| Name of Document LMA Termination Notice (Par & Distressed) | Formats Word | Date Revised 04/01/2010 | Markup PDF |
Termination Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Multilateral Termination & Transfer Agreement (Novation) | Formats Word | Date Revised 03/03/2014 | Markup PDF |
| Name of Document LMA Bilateral Termination and Transfer Agreement | Formats Word | Date Revised 14/05/2012 | Markup PDF |
| Name of Document LMA Termination Agreement | Formats Word | Date Revised 14/05/2012 | Markup PDF |
Confidentiality
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Confidentiality Letter (Seller) | Formats Word | Date Revised 01/01/2021 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Purchaser) | Formats Word | Date Revised 01/01/2021 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Seller's Agent/Broker) | Formats Word | Date Revised 01/01/2021 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Purchaser's Agent/Broker) | Formats Word | Date Revised 01/01/2021 | Markup PDF |
| Name of Document LMA Master Confidentiality Undertaking | Formats Word | Date Revised 01/01/2021 | Markup PDF |
| Name of Document LMA Master Confidentiality Undertaking for Admin/Settlement Service Providers | Formats Word | Date Revised 01/01/2021 | Markup PDF |
Netting Agreements
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Multilateral Netting Agreement | Formats Word | Date Revised 03/03/2014 | Markup PDF |
| Name of Document LMA Bilateral Netting Agreement | Formats Word | Date Revised 03/03/2014 | Markup PDF |
Issues and Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Rider – Revised Definition of "Delay Period Commencement Date" for insertion in the LMA Standard Terms and Conditions | Formats Word | Date Revised 18/12/2019 | Markup PDF |
| Name of Document LSTA Market Advisory on Risks of Trading English Law Loans on LSTA Par/Near Par Terms | Formats PDF | Date Revised 05/07/2019 | Markup PDF |
| Name of Document LMA Trade Recap Template | Formats PDF | Date Revised 30/09/2018 | Markup PDF |
| Name of Document LMA Grantor Credit Risk Paper | Formats PDF | Date Revised 09/10/2017 | Markup PDF |
| Name of Document ERISA Introduction and Explanation of Recent Changes | Formats PDF | Date Revised 25/09/2017 | Markup PDF |
| Name of Document LMA Explanatory Note relating to Proceeds Letter | Formats PDF | Date Revised 03/03/2014 | Markup PDF |
| Name of Document FATCA riders for LMA secondary debt trading documentation - HISTORIC | Formats PDF | Date Revised 03/03/2014 | Markup PDF |
| Name of Document LMA Pricing Panel Rules - HISTORIC | Formats PDF | Date Revised 03/03/2014 | Markup PDF |
Markup Archive
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Secondary Debt Trading Documentation User Guide | Formats PDF | Date Revised 30/01/2019 | Markup PDF |
| Name of Document LMA Secondary Trading Documentation User Guide | Formats PDF | Date Revised 25/09/2017 | Markup PDF |
| Name of Document LMA Secondary Trading Documentation User Guide | Formats PDF | Date Revised 20/04/2016 | Markup PDF |
| Name of Document LMA Trade Confirmation (Bank Debt) | Formats Word | Date Revised 16/12/2015 | Markup PDF |
| Name of Document LMA Trade Confirmation (Claims) | Formats Word | Date Revised 16/12/2015 | Markup PDF |
| Name of Document LMA Trade Confirmation (Risk Participation) | Formats Word | Date Revised 16/12/2015 | Markup PDF |
| Name of Document Secondary Trading Documentation User Guide | Formats PDF | Date Revised 17/02/2015 | Markup PDF |
| Name of Document LMA Funded Participation (Par/Distressed) | Formats PDF | Date Revised 02/12/2014 | Markup PDF |
| Name of Document LMA Risk Participation (Par) | Formats PDF | Date Revised 02/12/2014 | Markup PDF |
| Name of Document LMA Master Risk Participation Agreement (Par) | Formats PDF | Date Revised 02/12/2014 | Markup PDF |
| Name of Document LMA Funded Participation (Distressed/Claims) | Formats PDF | Date Revised 02/12/2014 | Markup PDF |
| Name of Document LMA Funded/Risk Participation (Par) | Formats PDF | Date Revised 02/12/2014 | Markup PDF |
| Name of Document LMA Master Funded Participation Agreement (Par/Distressed) | Formats PDF | Date Revised 02/12/2014 | Markup PDF |
| Name of Document LMA Master Confidentiality Undertaking for Admin/Settlement Service Providers | Formats PDF | Date Revised 12/11/2014 | Markup PDF |
| Name of Document LMA Trade Confirmation (Bank Debt) | Formats PDF | Date Revised 03/03/2014 | Markup PDF |
| Name of Document LMA Trade Confirmation (Claims) | Formats PDF | Date Revised 14/05/2012 | Markup PDF |
| Name of Document LMA Trade Confirmation (Risk Participation) | Formats PDF | Date Revised 14/05/2012 | Markup PDF |
| Name of Document LMA Trade Confirmation (Claims) | Formats PDF | Date Revised 27/06/2011 | Markup PDF |
| Name of Document LMA Secondary Trading Documentation User Guide | Formats PDF | Date Revised 27/06/2011 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Seller) | Formats PDF | Date Revised 24/03/2011 | Markup PDF |
| Name of Document LMA Trade Confirmation (Bank Debt) | Formats PDF | Date Revised 24/03/2011 | Markup PDF |
| Name of Document LMA Trade Confirmation (Risk Participation) | Formats PDF | Date Revised 24/03/2011 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Purchaser) | Formats PDF | Date Revised 24/03/2011 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Seller's Agent/Broker) | Formats PDF | Date Revised 24/03/2011 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Purchaser's Agent/Broker) | Formats PDF | Date Revised 24/03/2011 | Markup PDF |
| Name of Document LMA Master Confidentiality Undertaking | Formats PDF | Date Revised 24/03/2011 | Markup PDF |
| Name of Document LMA Multilateral Termination & Transfer Agreement (Novation) | Formats PDF | Date Revised 30/06/2010 | Markup PDF |
| Name of Document LMA Funded Participation (Par/Distressed) | Formats PDF | Date Revised 04/04/2010 | Markup PDFPDF |
| Name of Document LMA Assignment (Bank Debt) | Formats PDF | Date Revised 04/01/2010 | Markup PDFPDF |
| Name of Document LMA Assignment (Distressed/Claims) | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
| Name of Document LMA Master Funded Participation Agreement (Par/Distressed) | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
| Name of Document LMA Master Risk Participation Agreement (Par) | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
| Name of Document LMA Risk Participation (Par) | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
| Name of Document LMA Funded/Risk Participation (Par) | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
| Name of Document LMA Risk to Funded Participation (Par) | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Seller) | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Purchaser) | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Seller's Agent/Broker) | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
| Name of Document LMA Confidentiality Letter (Purchaser's Agent/Broker) | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
| Name of Document LMA Master Confidentiality Undertaking for Admin/Settlement Service Providers | Formats PDF | Date Revised 04/01/2010 | Markup PDF |
Terms and Conditions Archive
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims) | Formats PDF | Date Revised 29/10/2018 | Markup PDF |
| Name of Document LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims) | Formats PDF | Date Revised 25/09/2017 | Markup PDF |
| Name of Document LMA Standard Terms and Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims) | Formats PDF | Date Revised 27/06/2017 | Markup PDF |
| Name of Document LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims) | Formats PDF | Date Revised 20/04/2016 | Markup PDF |
| Name of Document LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims) | Formats PDF | Date Revised 16/12/2015 | Markup PDF |
| Name of Document LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims) | Formats PDF | Date Revised 17/02/2015 | Markup PDF |
| Name of Document LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank/Debt Claims) | Formats PDF | Date Revised 03/03/2014 | Markup PDF |
| Name of Document LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank/Debt Claims) | Formats PDF | Date Revised 14/05/2012 | Markup PDF |
| Name of Document LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank/Debt Claims) | Formats PDF | Date Revised 27/06/2011 | Markup PDF |
| Name of Document LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims | Formats PDF | Date Revised 24/03/2011 | Markup PDF |
| Name of Document LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims) | Formats PDF | Date Revised 25/01/2010 | Markup PDF |
| Name of Document Par Terms and Conditions January 2009 | Formats PDF | Date Revised 05/01/2009 | Markup PDF |
| Name of Document Distressed Terms and Conditions January 2009 | Formats PDF | Date Revised 05/01/2009 | Markup PDF |
| Name of Document Par Standard Terms and Conditions published as at 24 December 2008 (applicable to a Trade Date on or after 3 September 2008) | Formats PDF | Date Revised 03/09/2008 | Markup PDF |
| Name of Document Distressed Standard Terms and Conditions published as at 24 December 2008 (revision date of 1 February 2008) | Formats PDF | Date Revised 01/02/2008 | Markup PDF |
| Name of Document LMA Par Terms and Conditions December 2007 | Formats PDF | Date Revised 21/12/2007 | Markup PDF |
| Name of Document LMA Par Terms & Conditions | Formats PDF | Date Revised 02/05/2006 | Markup PDF |
| Name of Document LMA Par Terms & Conditions - includes competition rubric | Formats PDF | Date Revised 02/05/2006 | Markup PDF |
| Name of Document LMA Distressed Terms & Conditions Oct '05 | Formats PDF | Date Revised 03/10/2005 | Markup PDF |
| Name of Document LMA Distressed Terms & Conditions Oct '05 - includes competition rubric | Formats PDF | Date Revised 03/10/2005 | Markup PDF |
| Name of Document LMA Par Terms & Conditions | Formats PDF | Date Revised 15/09/2005 | Markup PDF |
| Name of Document LMA Par Terms & Conditions | Formats PDF | Date Revised 02/01/2003 | Markup PDF |
| Name of Document LMA Par Terms & Conditions - includes competition rubric | Formats PDF | Date Revised 02/01/2003 | Markup PDF |
| Name of Document LMA Distressed Terms & Conditions Oct '01 | Formats PDF | Date Revised 01/10/2001 | Markup PDF |
| Name of Document LMA Par Terms & Conditions | Formats PDF | Date Revised 26/04/2001 | Markup PDF |
| Name of Document LMA Distressed Terms & Conditions Apr '01 | Formats PDF | Date Revised 02/04/2001 | Markup PDF |
LIBOR Secondary Trading Documentation (to be archived)
Guidance
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR LMA Secondary Debt Trading Documentation User Guide | Formats PDF | Date Revised 30/01/2019 | Markup PDF |
Core Trade Documentation
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LIBOR LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims) | Formats PDF | Date Revised 01/01/2021 | Markup PDF |
| Name of Document LIBOR LMA Trade Confirmation (Bank Debt) | Formats Word | Date Revised 29/10/2018 | Markup PDF |
| Name of Document LIBOR LMA Trade Confirmation (Claims) | Formats Word | Date Revised 29/10/2018 | Markup PDF |
| Name of Document LIBOR LMA Trade Confirmation (Risk Participation) | Formats Word | Date Revised 29/10/2018 | Markup PDF |
| Name of Document LIBOR LMA Master Funded Participation Agreement (Par/Distressed) | Formats Word | Date Revised 29/10/2018 | Markup PDF |
| Name of Document LIBOR LMA Master Risk Participation Agreement (Par) | Formats Word | Date Revised 29/10/2018 | Markup PDF |
| Name of Document LIBOR LMA Funded Participation (Distressed/Claims) | Formats Word | Date Revised 29/10/2018 | Markup PDF |
| Name of Document LIBOR LMA Funded Participation (Par/Distressed) | Formats Word | Date Revised 29/10/2018 | Markup PDF |
| Name of Document LIBOR LMA Risk Participation (Par) | Formats Word | Date Revised 29/10/2018 | Markup PDF |
| Name of Document LIBOR LMA Funded/Risk Participation (Par) | Formats Word | Date Revised 29/10/2018 | Markup PDF |
| Name of Document LIBOR LMA Risk to Funded Participation (Par) | Formats Word | Date Revised 29/10/2018 | Markup PDF |
EU NPL Directive
Relevant Documents
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document EU NPL Directive Implementation Questionnaire France | Formats PDF | Date Revised 09/02/2024 | Markup PDF |
| Name of Document EU NPL Directive Implementation Questionnaire Germany | Formats PDF | Date Revised 25/01/2024 | Markup PDF |
| Name of Document EU NPL Directive Implementation Questionnaire Ireland | Formats PDF | Date Revised 25/01/2024 | Markup PDF |
| Name of Document LMA EU NPL Directive Guidance Note (relating to Articles 10(2), 15, 18 and 20 Notices) | Formats PDF | Date Revised 21/12/2023 | Markup PDF |
| Name of Document LMA EU NPL Directive - Article 10(2) Notice | Formats Word | Date Revised 21/12/2023 | Markup PDF |
| Name of Document LMA EU NPL Directive - Article 15(2) Notice | Formats Word | Date Revised 21/12/2023 | Markup PDF |
| Name of Document LMA EU NPL Directive - Article 18(1) Notice | Formats Word | Date Revised 21/12/2023 | Markup PDF |
| Name of Document LMA EU NPL Directive - Article 20(1) Notice | Formats Word | Date Revised 21/12/2023 | Markup PDF |
Restructuring
Relevant Documents
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Coordinating Committee Rider | Formats Word | Date Revised 07/12/2016 | Markup PDF |
| Name of Document Form of Letter to Company governing appointment of Coordinator and Coordinating Committee | Formats Word | Date Revised 07/12/2016 | Markup PDF |
| Name of Document Form of Letter to Lenders governing the appointment of Coordinator and Coordinating Committee | Formats Word | Date Revised 07/12/2016 | Markup PDF |
| Name of Document LMA guidance notes on role of coordinator and coordinating committee | Formats PDF | Date Revised 07/12/2016 | Markup PDF |
Bail-in Clause
Relevant Documents
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document The LMA Recommended Form of Bail-in Clause and Users Guide | Formats Word | Date Revised 15/04/2021 | Markup PDF |
| Name of Document EU Bail-in Legislation Schedule | Formats PDF | Date Revised 10/03/2021 | Markup PDF |
| Name of Document LSTA Form of Bail-In Clause | Formats Word | Date Revised 01/04/2020 | Markup PDF |
| Name of Document The LMA Recommended Form of Bail-in Clause and Users Guide | Formats Word | Date Revised 24/04/2019 | Markup PDF |
| Name of Document EU Bail-in Legislation Schedule | Formats PDF | Date Revised 28/01/2019 | Markup PDF |
| Name of Document Joint LMA and LSTA Statement on the Publication of the LMA and LSTA Bail-In Clauses | Formats PDF | Date Revised 22/12/2015 | Markup PDF |
General
Market Guidelines
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Key competition law areas of awareness for LMA Members | Formats PDF | Date Revised 25/04/2016 | Markup PDF |
| Name of Document Notice on the Application of Competition Law to Syndicated Loan Arrangements | Formats PDF | Date Revised 30/05/2014 | Markup PDF |
User Guides
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Users Guide to Islamic Finance Documents | Formats PDF | Date Revised 25/11/2013 | Markup PDF |
Public/Private Information
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document Dealing with confidential and price sensitive information | Formats PDF | Date Revised 24/11/2010 | Markup PDF |
| Name of Document Private and Inside Information in the Loan Market | Formats PDF | Date Revised 24/11/2010 | Markup PDF |
| Name of Document JMPF European Supplement | Formats PDF | Date Revised 10/05/2005 | Markup PDF |
| Name of Document US JMPF Paper Oct 2003 | Formats PDF | Date Revised 13/01/2005 | Markup PDF |
Brexit
Relevant Documents
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document LMA Recommended Form of Designated Entity Clause and User Guide | Formats Word | Date Revised 21/01/2022 | Markup PDF |
| Name of Document LMA Brexit documentary implications – Consolidated and Updated Note | Formats PDF | Date Revised 19/11/2020 | Markup PDF |
| Name of Document EU legislative references in LMA English law facility documentation | Formats PDF | Date Revised 18/11/2020 | Markup PDF |
| Name of Document LMA Destination Table EPP | Formats PDF | Date Revised 18/11/2020 | Markup PDF |
| Name of Document Supplemental guidance note on the implications of Brexit for jurisdiction provisions in LMA facility documentation | Formats PDF | Date Revised 10/04/2019 | Markup PDF |
| Name of Document LMA supplementary note on documentary implications of Brexit for LMA facility documentation | Formats PDF | Date Revised 12/09/2018 | Markup PDF |
| Name of Document LMA note on documentary implications of Brexit for LMA facility documentation | Formats PDF | Date Revised 06/09/2016 | Markup PDF |
Pan-European Private Placement
| Name of Document | Formats | Date Revised | Markup |
|---|
| Name of Document REFERENCE ONLY - Users Guide to Private Placement Documents | Formats PDF | Date Revised 20/03/2020 | Markup PDF |
| Name of Document REFERENCE ONLY - Pan-European Private Placement Term Facility Agreement | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document REFERENCE ONLY - Pan-European Private Placement Confidentiality Letter | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document REFERENCE ONLY - Pan-European Private Placement Subscription Agreement | Formats Word | Date Revised 20/03/2020 | Markup PDF |
| Name of Document REFERENCE ONLY - Pan-European Private Placement Term Sheet | Formats Word | Date Revised 20/03/2020 | Markup PDF |
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 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.
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