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Practice notes
What are incremental facilities?An incremental facility is feature included in a credit agreement where, subject to meeting certain pre-agreed...
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Produced in partnership with Osborne Clarke 12th Jan
Practice notes
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...
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9th Nov
Practice notes
The vast majority of derivative transactions are documented by standard documentation developed and published by the International Swaps and...
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9th Nov
Practice notes
This Practice Note covers the typical structure of facility agreements and the key terms and provisions that will be included. It examines the process...
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9th Nov
Practice notes
What is a 'capital call facility'?A capital call facility is a form of finance provided by a lender to a fund and typically secured against investors’...
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Produced in partnership with Peter Olds of Cleary, Gottlieb, Steen & Hamilton 12th Jan
Practice notes
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...
Read More >
9th Nov
Practice notes
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...
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9th Nov
Practice notes
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...
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9th Nov
Practice notes
In many commercial finance transactions, lenders expect to be given some form of credit support to increase their confidence in being able to recover...
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9th Nov
Practice notes
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...
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9th Nov
Practice notes
This Practice Note lists hot topics (with links to the appropriate materials) that may be of interest to Banking & Finance lawyers. It is updated...
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9th Nov
Practice notes
Sub-participation is a means by which a lender can transfer its risk in a loan to another lender. For an overview of the reasons why a lender might...
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9th Nov
Practice notes
Novation is a means by which a lender can transfer its interest in a loan to another lender.This Practice Note looks at what is meant by novation...
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9th Nov
Practice notes
Given the cross-border nature of many banking transactions, it is common for the principal legal advisors for lenders and borrowers to need to...
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9th Nov
Practice notes
Summary of advantages and disadvantages of the floating chargeThis Practice Note discusses the advantages and disadvantages of taking a floating as...
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9th Nov
Practice notes
Shares are commonly offered as security for a loan in commercial lending transactions.Practice Note: Taking security over shares explains how to take...
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9th Nov

Most recent Secondary trading and loan portfolio sales content

Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Diane Roberts of Reed Smith 17th Jan
Practice notes
Secondary debt trades in the London market are typically documented through a suite of recommended form of documents produced by the Loan Market...
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Produced in partnership with K&L Gates 17th Jan
Practice notes
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...
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17th Jan
Practice notes
The majority of secondary debt trades are conducted by telephone or by email. Following the trade call or email exchange, the parties will document...
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17th Jan
Practice notes
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...
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17th Jan
Practice notes
The UK and US secondary (private) debt trading markets are very similar when transacted on the suite of documents issued by the Loan Market...
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Produced in partnership with Diane Roberts of Reed Smith 17th Jan
Practice notes
Secondary debt trades in the London market are typically documented through a suite of recommended form of documents produced by the Loan Market...
Read More >
17th Jan
Practice notes
The timeline outlined below is an indicative time-frame incorporating the various steps required through the process of a typical secondary debt...
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Produced in partnership with K&L Gates 17th Jan
Practice notes
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...
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15th Jan
Q&As
A party wishing to file a claim for their debt in an administration must submit a written claim to the administrator. The document by which they seek...
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Produced in partnership with Eleanor Stephens 8th Jan
Q&As
SummaryThe European Commission’s proposal for a Regulation on the law applicable to the third-party effects of assignments (the Proposal) published on...
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Produced in partnership with Brian Cain 8th Jan
Practice notes
This Practice Note provides an introduction to loan portfolio sales, considering in particular the types of portfolios that exist for sale and the...
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24th Dec
Q&As
This Q&A considers the situation when a trader wants to include additional terms into a secondary debt trade confirmation which were not agreed on the...
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28th Nov
Practice notes
The ability of borrowers, members of the borrower group or the sponsor (or affiliates of the sponsor) to buy back loans became a live issue when the...
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25th Nov

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