Key features of debt capital markets

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Brexit legislation tracker

This Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the UK’s withdrawal from the

Deeds

Under English law legally binding agreements can be made orally, in writing or by deed.This Practice Notice considers the circumstances in which a

General principles of insurance contract law

What is insurance law?Insurance law can be split into three parts:•insurance contract law which governs the contractual relationship between insureds

Assignments by way of security

Assignments by way of security can take different forms and it is important to understand how they are created and their effect. Security over choses

Practice notes

Registering security at Companies House

Coronavirus (COVID-19): Transaction planning will need to take into account the impact of coronavirus on execution of documents and company filing and...

15th Oct

Practice notes

Legal opinions—uses, scope and structure

Legal opinions are used in the vast majority of financing transactions. They are usually either a condition precedent to funding or a condition...

8th Oct

Practice notes

Taking a guarantee or third party security from an individual—undue influence

Guarantees (see Practice Note: Guarantees) and third party security (see Practice Note: Third party security) from individuals are relatively common...

29th Sep

Practice notes

Conditions precedent

In financing transactions, conditions precedent are the conditions that need to be fulfilled for funding to occur.This Practice Note explains:•the...

26th Sep

Practice notes

Key features of debentures

Debentures are used in many types of financing where it is desirable to take security over all of the assets of a particular entity. They are a form...

26th Sep

Practice notes

What is set-off and when is it available?

Set-off is a complex yet important concept in legal proceedings generally and for many different types of transaction.Independent set-off and...

26th Sep

In-house

Practice notes

Fixed and floating charges

There are four main types of security available under English law: •mortgage•charge•pledge, and•lienThis Practice Note explains:•the nature of a...

26th Sep

Practice notes

Taking security over land

Land (or real property) is commonly offered as security for a loan. In this context, land has more relevance than some other assets because it can be...

26th Sep

In-house

Practice notes

Perfecting security over land and registering security at HM Land Registry

Coronavirus (COVID-19): Transaction planning will need to take into account the impact of coronavirus (COVID-19) on execution of documents and company...

26th Sep

Practice notes

Guarantees—key cases

This Practice Note sets out certain key cases and associated relevant content in relation to guarantees. The cases are divided by topic area and...

25th Sep

Practice notes

Enforcement—debentures and floating charges

What is a debenture?In the context of secured lending, the term 'debenture' means a form of security agreement that grants security interests over a...

25th Sep

Practice notes

Taking security over contractual rights

Contractual rights are a type of chose in action, ie something that is recoverable by legal action as opposed to something that is physically...

25th Sep

Practice notes

Taking security over receivables

In commercial lending transactions receivables are typically offered as security:•as part of a package of security over the whole of a company's...

25th Sep

Practice notes

Types of security

A lender's primary concern is that it is repaid. Even if a lender obtains a judgment for payment of the sum owed to it by its borrower, this does not...

25th Sep

In-house

Practice notes

Types of set-off

There are five main types of set-off:•independent set-off (sometimes known as legal set-off or statutory set-off)•transaction set-off (also known as...

25th Sep

In-house

Practice notes

Guarantees

Guarantees are typically used in banking transactions as a form of collateral for a debt. In such circumstances, they are a contractual arrangement...

25th Sep

Most recent Key features of debt capital markets content

Practice notes

Glossary of debt capital markets terms

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

25th Sep

Practice notes

Introduction to the debt capital markets

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

25th Sep

Practice notes

Clearing and settlement of securities—settlement

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

25th Sep

Practice notes

Terms and conditions of debt securities

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

25th Sep

Practice notes

Debt securities payment mechanics

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

25th Sep

Practice notes

Clearing and settlement of securities—clearing

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

25th Sep

Practice notes

Debt securities—what is the role of the underwriters/managers?

What is underwriting and why are securities issuances typically underwritten?The term ‘underwriting’ refers to a commitment to subscribe for or...

26th Sep

Practice notes

Parties in an issue of debt securities

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

26th Sep

Practice notes

Issuing debt securities—key documentation

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

26th Sep

Practice notes

Types of debt securities

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

26th Sep

Practice notes

Transaction structures—standalones versus programmes

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

26th Sep

Practice notes

Bond trustees and bondholder meetings

Coronavirus (COVID-19): This Practice Note contains information on subjects potentially impacted by the government and regulators' responses to the...

26th Sep

Practice notes

Custody in the debt capital markets

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

26th Sep

Practice notes

Debt capital market finance versus loan finance

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...

26th Sep

Practice notes

Key legal issues in English law in debt capital markets—fungibility

When are debt securities fungible?Debt securities and other assets are fungible if they are substantially indistinguishable from one another and are...

26th Sep

Practice notes

Key legal issues in English law in debt capital markets—negative pledges

What is a negative pledge?A negative pledge is a provision which prohibits or restricts the issuer from creating security interests over its assets in...

26th Sep

Practice notes