About Banking & Finance Law
The uncertain economic climate has led to unprecedented challenges in the finance sector. It is more difficult than ever to get your deals done.
Key features of Lexis+® Banking & Finance
We'll keep you up to date with news. Weekly essentials newsletters, monthly case updates and a case tracker with the status of cases included and key cases notes on main topics.
Key developments and horizon scanning
Transactional lawyers need to stay on top of market changes. We track developments of key industry bodies including the LMA, ISDA and ICMA as well as hot topics such as sustainable finance so that you're always updated.
Security
Lending demands watertight security. We’ll guide you on taking, perfecting, and registering security. As well as topics covering enforcing security and cross border security.
Getting deals over the line
Economics is often a rollercoaster, ups, downs, and challenges. It can make the task of sealing deals tricky. We’ll help you navigate the uncertainty.
Topics We Cover
Latest Banking & Finance News
This week's edition of Banking and Finance weekly highlights includes: (1) LMA publishes updated documents to reflect revised counterparts and bail-in...
The Loan Market Association (LMA) has published several updated documents to incorporate a revised counterparts clause that mirrors the one in the LMA...
The European Securities and Markets Authority (ESMA) and the European Environment Agency (EEA) have signed a Memorandum of Understanding (MoU) to...
The Office of Financial Sanctions Implementation (OFSI) has updated its UK Financial Sanctions FAQs, adding three FAQs Q162–164 relating to General...
The European Economic and Social Committee (EESC) has published its opinion on the European Commission's proposed amendments to several EU directives...
Latest Banking & Finance Practice Notes
Negligence—banks and the duty of careThe number of claims against banks continues apace. This Practice Note focuses on specific issues arising in...
Issuing debt securities—due diligenceIn a debt capital markets transaction, ‘due diligence’ is the term given to the process of identifying, collating...
Selling restrictions in debt capital markets documentationWhat does this Practice Note cover?This Practice Note provides an overview of selling...
Parties involved in a Rule 144A/Regulation S debt offeringWhat does this Practice Note cover?This Practice Note discusses the parties in a Rule 144A...
USA—Introduction to state securities (blue sky) lawsState securities regulatorsApart from the Securities and Exchange Commission (SEC), which is an...
Latest Banking & Finance Precedents
Share charge: multi-chargor—syndicated—specific monies—for use with a syndicated facilities agreementThis Deed is made on [insert date] 20[insert...
Security Trust DeedThis Deed is made on [insert date] 20[insert year]parties1THE COMPANIES identified in Schedule 1 (each an Original Lender and...
Confidentiality agreement—one-way—pro-discloserThis Agreement is made on [date]Parties1[Insert name of party][ of [insert details] OR a company...
Debenture: single company chargor—bilateral—specific moniesThis Deed is made on [insert date] 20[insert year]Parties1[Insert name of Chargor], a...
Guarantee and indemnity: individual director guarantor—bilateral—all moniesWarning to the GUARANTOR: Before you sign this guarantee, you should seek...
Latest Banking & Finance Q&As
Featured Banking & Finance content
Receivables purchase transactions: invoice discounting and factoring
Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...
Foreign exchange (FX) derivatives
Foreign exchange (FX) derivativesWhat is a FX derivative?A foreign exchange (FX) derivative is a type of derivative whose payoff depends on the FX...
Types of debt securities
Types of debt securitiesWhat are debt securities?In the context of the debt capital markets, the term 'debt security' means a financial instrument,...
An introduction to repo and the Global Master Repurchase Agreement (GMRA)
An introduction to repo and the Global Master Repurchase Agreement (GMRA)Coronavirus (COVID-19): This Practice Note contains information on subjects...
Offtake contracts—key issues for project finance lenders
Offtake contracts—key issues for project finance lendersMost projects are underpinned by a complex web of contractual relationships between all the...
What is the banker’s right of set-off?
Pledges
PledgesA pledge is one of the four types of security recognised under English law—the types of security are described in Practice Note: Types of...
Key features of debentures
Key features of debenturesDebentures are used in many types of financing where it is desirable to take security over all of the assets of a particular...
Overdrafts, term loans and revolving credit facilities
Overdrafts, term loans and revolving credit facilitiesThis Practice Note explains the features of three common types of loan facility:•overdrafts•term...
Bilateral, syndicated and club arrangements
Bilateral, syndicated and club arrangementsOne of the features used to categorise loans is the number of lenders involved. A loan involving one lender...
Negative pledges
Negative pledgesThis Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative...
The security agent
The security agent and security trust provisionsThe security agentIn a syndicated loan transaction, the security agent (sometimes also known as the...
Introductory guide to financial covenants
Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum...
Term Loan B facilities
Term Loan B facilitiesThis Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in...
What is OTC derivative contract clearing?
What is OTC derivative contract clearing?What is clearing?When an over-the-counter (OTC) derivative transaction between two counterparties is...
Introductory guide to asset finance
Introduction to asset financeWhat is asset finance?Asset finance is a method of providing financing for the purchase of particular tangible movable...
Incremental debt flexibility or accordion features
Incremental debt flexibility or accordion featuresWhat are incremental facilities?An incremental facility is feature included in a credit agreement...
Selling a loan by sub-participation
Selling a loan by sub-participationSub-participation is a means by which a lender can transfer its risk in a loan to another entity. It is used in the...
Associated legal terms
Discontinuance or suspension of listing
Discontinuance or suspension of listing refers to the act of the Financial Conduct Authority which discontinues or suspends the listing of any securities if there exist special circumstances which preclude normal regular dealings in such securities.
Exit
Exit refers to the ways in which the investors exit from the transaction and thereby realise their investment.
Synthetic transaction
A transaction whereby one party does not hold the asset but the cashflows and risks of holding the asset are replicated as if that asset was held
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