Lending chronology

Lending chronology

This overview is a guide to the Banking & Finance content within the Lending chronology subtopic, with links to the appropriate materials.

Loan transactions typically follow a specific chronology which is explained in this overview.

For more information on loan transactions in general, see the Loan transaction collection—the Banking & Finance loan transaction collection is a guide to loan transactions. It provides an overview of each phase of a loan transaction and the tasks that lawyers are required to complete as part of each phase. The collection includes links to Checklists, Precedents (with Drafting Notes), Forms, Practice Notes and an explanation of the key drafting and negotiating points to consider in loan transactions.

Term sheet and mandate phase

Loan transactions typically start with the term sheet and mandate phase. During this phase, the parties to a potential transaction will enter into confidentiality arrangements, agree the key terms of the transaction and establish their roles in the deal.

The length of this phase will vary considerably, depending on the complexity and nature of the deal.

How detailed a term sheet is will vary—sometimes only key commercial terms

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest Banking & Finance News

BoE issues policy statement on expanding ISO 20022 data rules for CHAPS payments

The Bank of England (BoE) has published a policy statement on expanding mandatory ISO 20022 enhanced data requirements for CHAPS payments from November 2027. The expansion follows feedback from its 2024 consultation and aims to improve payment prioritisation, resilience, fraud prevention, and global harmonisation.

Joint industry response to ESMA's call for evidence on transaction reporting simplification

The International Swaps and Derivatives Association, the Association for Financial Markets in Europe, the Futures Industry Association, the Global FX Division and the International Capital Market Association have submitted their responses to the European Securities and Markets Authority’s (ESMA) call for evidence on streamlining transaction reporting. The industry bodies advocated for eliminating duplicative reporting, implementing single-sided reporting and developing machine-executable logic. Their submissions seek to improve reporting efficiency while maintaining robust regulatory oversight. ESMA plans to publish its final report in Q1 2026, incorporating the feedback received.

FMLC responds to Law Commission’s governing law proposals for digital assets

The Financial Markets Law Committee (FMLC) has published a response letter addressing the Law Commission’s consultation paper on digital assets and private international law. In its letter, the FMLC has criticised the Commission’s broad, factor-based approach in determining the governing law in digital asset property disputes. Instead, the FMLC advocates for the adoption of clear and consistent rules, building on its 2024 recommendations for a statutory framework. The letter stresses that legal certainty is crucial for the financial market's adoption of digital assets, especially as the UK plans to bring cryptoassets within its regulatory scope in 2026.

ISDA, EFAMA and AFME submit joint response on EC environmental legislation burden

The International Swaps and Derivatives Association (ISDA), the European Fund and Asset Management Association (EFAMA), and the Association for Financial Markets in Europe (AFME) submitted a joint response on 10 September 2025 to the European Commission’s call for evidence on reducing administrative burdens in environmental legislation. Their submission advocates for regulatory coherence with existing sustainable finance frameworks, the continued exemption of financial products from the Green Claims Directive, and clarification that due diligence under the Deforestation Regulation should target lead operators rather than downstream financial institutions.

View Banking & Finance by content type :

News