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
The Home Office, HM Treasury, Ministry of Justice, Companies House, Serious Fraud Office and Department for Business and Trade have updated guidance...
This edition of the Sustainable finance and ESG monthly round-up from the Finance Group includes: (1) ISDA, EFAMA and AFME submit joint response on EC...
The International Capital Market Association (ICMA) and the Association for Financial Markets in Europe (AFME) have jointly published a template...
The Association for Financial Markets in Europe (AFME) has published its September 2025 Distributed Ledger Technology (DLT) capital markets report,...
The United Nations Environment Programme Finance Initiative (UNEPFI) has published version four of its Guidance for Climate Target Setting for Banks....
Latest Banking & Finance Practice Notes
Taxation of derivatives—chargeable gains basis rulesThe general rule (as explained in Practice Note: Taxation of derivatives—the main rules) is that...
DBO contractsThe demand for public infrastructure at a time when public purse strings are tight, coupled with a lack of public sector expertise in...
Part 26A restructuring plans: history, rationale and scopePart 26A restructuring plans (RPs) have been available from 26 June 2020 under the Corporate...
Brexit timelineOn 23 June 2016, the UK held a referendum on its membership of the EU, with a majority voting in favour of the UK leaving the EU. On 29...
Brexit legislation trackerThis Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the...
Latest Banking & Finance Precedents
Commitment letter for primary syndication: initial commitment—subject to approval of documentation[On headed notepaper of a potential syndicate...
Board minutes for the approval of a company’s entry into loan and security documentsCOMPANY NUMBER: [insert company number][insert company name]...
Board minutes for the approval or ratification by a third party security provider of third party security for a loanCompany number: [insert company...
Confidentiality agreement—mutualThis Agreement is made on [date]Parties1[insert name of party] [of [insert details ] OR a company incorporated in...
Confidentiality agreement—one-way—pro-recipientThis Agreement is made on [date].Parties1[Insert name of party] [of [insert address] OR a company...
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
Holdco
In an acquisition finance transaction the special purpose vehicle (SPV) in the group structure that acts as holding company of the acquisition vehicle; holdco may be owned directly by the investors or it may be owned by another SPV (Topco). It may issue subordinated loan capital, PIK or high yield debt.
IPO
Initial public offering—the first issue of debt or equity securities by an issuer
PIK facility
A facility sometimes used in acquisition finance transactions where interest payments are rolled up and added to the principal amount of the loan to be repaid upon maturity; typically ranks below mezzanine debt but above equity.
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