Legal opinions are one of the key documentary conditions precedent in loan transactions. The legal opinion is a letter which sets out opinions as to...
This Practice Note considers the costs that a lender operating in the interbank market will incur when providing funding to a borrower and the steps...
Coronavirus (COVID-19): The ICC has issued a guidance paper on the impact of COVID-19 on trade finance transactions issued subject to ICC rules. For...
The key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the charged assets in the normal course of...
Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree...
This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...
This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having...
What is credit support?Credit support is a means of a party reducing its credit risk on its counterparty. Credit support arrangements are also known...
Use of the Annex with ISDA Master Agreement and Schedule—the obligation to post collateralBy comparison to the English law Credit Support Annex (CSA)...
Documentation structure of the English law DeedThe English law Deed: a stand alone documentThe English law Deed is a stand alone document. It does not...
Risks associated with derivative transactionsDerivative transactions contain a number of risks, two of which are common to most forms of transactions....
What is the ISDA 2016 Credit Support Annex for Variation Margin?The 2016 Credit Support Annex for Variation Margin (VM) published by the International...
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