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 Financial Conduct Authority (FCA) has published a blogpost by its deputy chief executive and co-chair of the Financial Stability Board (FSB),...
Law360, Expert analysis: Barely a year after the entry into application of Markets in Cryptoassets Regulation (MiCA), the European Banking Authority...
This edition of the Sustainable finance and ESG monthly round-up from the Finance Group includes: (1) ISSB consults on amendments to SASB Standards...
Companies House has announced that, from 18 November 2025, companies will no longer be required to hold statutory registers for directors, directors'...
The International Swaps and Derivatives Association (ISDA) has reported that the notional value of interest rate derivatives trading increased by...
Latest Banking & Finance Practice Notes
Banking & Finance case trackerLast updated on 31st July 2025The Banking & Finance case tracker tool displays the status of cases (including appeals)...
Sustainable finance—recent newsThis Practice Note links to news on sustainable finance, including green loans and green bonds, that has been published...
The National Security and Investment Act—implications for finance transactionsThis Practice Note summarises the key provisions of the National...
ISDA—latest news on documentationThis Practice Note contains a summary of new and updated documents published by the International Swaps and...
How to instruct and manage local counsel in a finance transactionGiven the cross-border nature of many banking transactions, it is common for the...
Latest Banking & Finance Precedents
Waiver letter: for a bilateral facility agreement—waiving breach of facility agreement[To be printed on the headed paper of the lender][insert...
Security Trust DeedThis Deed is made on [insert date] 20[insert year]parties1THE COMPANIES identified in Schedule 1 (each an Original Lender and...
Demand letter—borrower[To be printed on headed notepaper of the lender making demand]To: [Insert name of individual and/or position][insert name of...
Plug in clauses for loan agreements and security documentation: Limited Liability PartnershipsIntroductionWhat does this Precedent cover?This...
Plug in clauses for loan agreements and security documentation—General PartnershipsIntroductionWhat does this Precedent cover?This Precedent sets...
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
Direct Agreement
An agreement which is usually executed as a deed which is provided by the Construction Contractor, a construction sub-contractor or consultant (the promisor) as well as other parties in the PFI structure. The agreement provides a party (the beneficiary) who has an interest in the project but who is not a party to the original contract (for example the Authority or the Funder) with rights and remedies against the promisor if there is a problem with the services or works that have been provided by the promisor.
Performance Deductions
Deductions made from the Unitary Charge if the facility is not Available or services are not provided to the required standard.
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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