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 International Chamber of Commerce (ICC) has published Wave 2 of its Principles for Sustainable Trade Finance, expanding the framework to include...
The European Securities and Markets Authority (ESMA) has published an updated list detailing the grandfathering periods adopted by Member States under...
Banking & Finance analysis: This News Analysis provides a summary of the cases we have alerted in Banking & Finance for June 2025....
This edition of the Sustainable finance and ESG monthly round-up from the Finance Group includes: (1) ISDA publishes position paper on Commission’s...
The International Swaps and Derivatives Association (ISDA) and UK Finance have published a joint paper outlining recommended reforms to the UK...
Latest Banking & Finance Practice Notes
Tax considerations on a loan agreement—the tax gross up clauseIt is standard market practice for loan agreements (also known as facility agreements),...
REITs—summary of the tax regimeThe regime for UK real estate investment trusts (REITs or, as they are referred to in the legislation, UK REITs) was...
What are regulated activities?Scope of this Practice NoteThis Practice Note explains what constitutes regulated activities under the UK regulatory...
Key provisions of the financial collateral regulationsFORTHCOMING DEVELOPMENT: The Financial Services and Markets Act 2023 (FSMA 2023) implements the...
ISDA 2021 Interest Rate Derivatives DefinitionsOn 11 June 2021, ISDA published the 2021 ISDA Interest Rate Derivatives Definitions (the 2021...
Latest Banking & Finance Precedents
Retained EU law—training materials [Archived]ARCHIVED: This Precedent has been archived and is not maintained.These training materials consist of...
Cover letter to accompany Companies House form MR01 (Particulars of a charge)[To be printed on the headed paper of the entity submitting the form...
Notice of assignment and form of acknowledgement: for a bilateral facility agreement (transfer of loan)[To be printed on the headed paper of the...
Deed of assignment: for an unsecured bilateral facility agreementThis Deed is made on [insert day and month] 20[insert year]Parties1[insert name of...
Deed of novation: for an unsecured bilateral facility agreementThis Deed is made on [insert day and month] 20[insert year]Parties1[insert name of...
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
Authority
The public sector body procuring the project. This might, for example, be a Local Authority, an NHS Trust, a central Government Department or a Non-Departmental Public Body.
SARON
This is an acronym for the Swiss Averaged Rate Overnight. SARON has been selected to replace Swiss Franc LIBOR.
Unitary Charge
The payment made by the Authority to Project Co for the facility (if one has been refurbished or constructed) and for providing services in relation to the facility.
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