The UK and US secondary (private) debt trading markets are very similar when transacted on the suite of documents issued by the Loan Market Association (LMA) in the UK...
Why might a borrower want to buy back a loan? The ability of borrowers, members of the borrower group and any related parties to buy back loans became a live issue when...
Secondary debt trades in the London market are typically documented through a suite of recommended form of documents produced by the Loan Market Association (LMA) and...
This Practice Note provides an introduction to loan portfolio sales, considering in particular the types of portfolios that exist for sale and the identities and...
This Practice Note considers some of the key issues which can arise on a loan portfolio sale and which may be relevant to banking law practitioners involved in large...
This Practice Note provides an overview of the main legal documentation which may be used to conclude the disposal of a loan portfolio and suggests typical negotiating...
Secondary debt trades in the London market are typically documented through a suite of recommended form of documents produced by the Loan Market Association (LMA). The...
The majority of secondary debt trades are conducted by telephone or by email. Following the trade call or email exchange, the parties will document the terms of the trade...
The timeline outlined below is an indicative time-frame incorporating the various steps required through the process of a typical secondary debt trade. The process is...
Companies which are starting to show signs of distress often see their debt being traded on the secondary market at prices below par/face value. The extent to which the...
At present, there is no consistent approach as to how the possession of information (particularly confidential or material non-public information, being information that...