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 Ministry of Housing, Communities and Local Government (MHCLG) and the Department for Energy Security and Net Zero (DESNZ) have confirmed a revised...
Banking & Finance analysis: The law in England has historically only recognised personal property rights as encompassing ‘things in possession’ and...
Law360, Expert Analysis: On 10 February 2026, the Financial Conduct Authority (FCA) announced that it had begun a High Court action against the global...
The Ministry of Housing, Communities and Local Government (MHCLG) (formerly the Department for Levelling Up, Housing and Communities) has published...
The International Swaps and Derivatives Association (ISDA) has published a comprehensive FAQ document detailing a new selection process for Standard...
Latest Banking & Finance Practice Notes
This Practice Note provides guidance on the limitation periods for breach of contract claims pursuant to the Limitation Act 1980 (LA 1980). It should...
This Practice Note considers the requirement for the representor both to have intended to and actually to have induced the representee, by their...
This Practice Note considers the requirement for there to be a false statement of fact for an actionable misrepresentation. For details of the other...
What is the ISDA Schedule?The International Swaps and Derivatives Association (ISDA) documentation framework involves layers of documentation (often...
This Practice Note summarises the circumstances in which a contract may be declared void and the consequences when that happens. It distinguishes...
Latest Banking & Finance Precedents
PROMISSORY NOTEPrincipal amount: £[insert amount in figures] ([insert amount in words])[insert date][I, (the ‘Promisor’), OR We, (the ‘Promisors’),...
<section><section><p>Dear [<em>insert</em></p></section></section>
This Agreement is made on [date] 1 [insert name of party] [of OR trading as [insert trading name]...
We, [insert name of Lender/Security Agent], a company incorporated in [Scotland OR England and Wales] under the Companies Acts with Registered Number...
FOR THE PURPOSES OF THE LEGAL WRITINGS (COUNTERPARTS AND DELIVERY) (SCOTLAND) ACT 2015, THIS DISCHARGE IS DELIVERED ON [insert date] 20[insert...
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
Bank of England
The Bank of England, established in 1694, has the exclusive right of note issue in England and Wales. As an institution it is under the control of HM Treasury and is expected to regain the power to regulate the banking industry.
Invoice discounting
A receivables purchase agreement under which the client administers its own sales ledger and collects its receivables. The facility is not usually disclosed to debtors.
Market flex
A provision in the commitment letter which allows the arranger(s) to amend the terms of the facilities without the borrower’s consent if necessary in order to achieve successful syndication
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