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 Capital Market Association (ICMA) has published its response to the Bank of England (BoE)'s discussion paper on enhancing gilt repo...
The Financial Conduct Authority (FCA) has published policy statement PS25/17, SI regime for bonds and derivatives and other consultation proposals,...
The Association for Financial Markets in Europe (AFME) has published its European environmental, social and governance (ESG) Finance Quarterly Data...
The Association for Financial Markets in Europe (AFME) and PwC UK published a report examining AI's impact on cyber threats facing capital markets....
The International Swaps and Derivatives Association (ISDA) has published a Market Practice Note (MPN) recommending a single methodology for...
Latest Banking & Finance Practice Notes
Impact of Brexit: AIFMD—quick guide [Archived]This Brexit Alternative Investment Fund Managers Directive 2011/61/EC (AIFMD) quick guide details...
Misrepresentation—what is inducement?This Practice Note considers the requirement for the representor both to have intended to and actually to have...
Misrepresentation—what statements will establish a claim?This Practice Note considers the requirement for there to be a false statement of fact for an...
Tracker—Hague Convention on Choice of Courts AgreementsThis Tracker is for use when determining whether a country is a signatory to the Hague...
PSC Regime—impact on lending and taking securityIntroductionThis Practice Note looks at the potential impact on lenders and secured parties (finance...
Latest Banking & Finance Precedents
Confidentiality agreement—one-way—pro-discloserThis Agreement is made on [date]Parties1[Insert name of party][ of [insert details] OR a 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...
Amendment agreement (letter format): for a bilateral facility agreement with or without security or a guarantee[To be printed on the headed paper of...
Notice designating an Early Termination Date following a Tax Event/Tax Event Upon Merger (2002 ISDA Master Agreement provisions)Notice designating an...
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
Club loan
A transaction in which facilities are made available by a small group of lenders who do not intend to syndicate the facilities.
Spread adjustment
In the context of the transition from IBORs to risk-free rates (RFRs), this refers to the adjustment that needs to be made to RFRs to reflect the premia for credit risk and liquidity that are built into the IBORs, but not into RFRs.
Tangible assets
Assets with physical substance, eg land, cash or property
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