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Precedents
[To be printed on the headed paper of the lender][insert date]To:[insert name and address of borrower]Dear [insert full name of borrower]1We refer to...
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19th May
Practice notes
European PIK loan facilitiesThis Practice Note provides information on European PIK loan facilities (PIK facilities). It discusses:•the key features...
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Produced in partnership with Susan Whitehead, Consultant at Hogan Lovells and Penny Angell, Partner at Hogan Lovells 19th May
Practice notes
Introduction to fund finance—capital call facilitiesThis Practice Note discusses:•what is meant by capital call facilities, NAV, or asset backed...
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Produced in partnership with Leon Stephenson of Reed Smith 19th May
Practice notes
Increased costsThis Practice Note considers the costs that a lender will incur when providing funding to a borrower and the steps that it will take...
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19th May
Practice notes
Perfecting securityIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into...
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19th May
Practice notes
Synthetic securitisationsWhat is a securitisation?Securitisation is a technique used to finance the ownership or sale of types of assets that would...
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19th May
Practice notes
Bilateral, syndicated and club arrangementsOne of the features used to categorise loans is the number of lenders involved. A loan involving one lender...
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19th May
Practice notes
Pre-export finance—key terms in the facility agreementPre-export finance (PXF) is an established structure used to provide finance to producers of...
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Produced in partnership with Dentons 19th May
Practice notes
Derivatives—ISDA documentation frameworkThe International Swaps and Derivatives Association, Inc. (ISDA) is an association for participants in the...
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19th May
Practice notes
The facility agentThis Practice Note covers the duties and role of the facility agent (defined in the Loan Market Association (LMA) documentation as...
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19th May
Precedents
This Deed of guarantee and indemnity is made on [insert day and month] 20[insert year]Parties1[Insert name of Guarantor], a company incorporated in...
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19th May
Practice notes
Transferring a loan by equitable assignmentAssignment is a means by which a lender can transfer its interest in a loan to another lender.For an...
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19th May
Precedents
[TO BE PRINTED ON THE HEADED PAPER OF THE LENDER][insert name and address of borrower][insert date]Dear [insert full name of borrower]We offer to...
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19th May
Practice notes
Loan Market Association (LMA)—news on documentation [Archived]This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA...
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19th May
Practice notes
Crystallisation of floating chargesThe key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the...
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19th May
Precedents
[To be printed on the headed paper of the lender][insert date]To:[insert name and address of borrower]Dear [insert name of borrower],We are pleased to...
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19th May

Most recent Quasi-security content

Practice notes
Guarantor protections and how to exclude them in guarantee documentation—waiver of defences clausesGuarantees are a contractual arrangement where one...
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10th Aug
Practice notes
Negative pledgesThis Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative...
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10th Aug
Practice notes
NettingIn finance transactions, the terms 'netting' and 'set-off' are sometimes used interchangeably even though they are not the same thing. The...
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10th Aug
Practice notes
GuaranteesGuarantees are typically used in banking transactions as a form of collateral for a debt. In such circumstances, they are a contractual...
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10th Aug
Practice notes
Formalities for creating a guaranteeGuarantees are typically used in banking transactions as a form of collateral for a debt. For information on the...
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10th Aug
Practice notes
Enforcing guarantees—key issuesCoronavirus (COVID-19): The Coronavirus Business Interruption Loan Scheme (the CBILS) and the Coronavirus Large...
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10th Aug
Practice notes
Releasing guarantors by agreement between the partiesThis Practice Note looks at releasing a guarantor by agreement between the parties but it is...
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10th Aug
Practice notes
Guarantor rights and how to defer them in guarantee documentation—no competition clausesGuarantees are a contractual arrangement where one party (the...
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10th Aug
Practice notes
Characteristics of standby letters of creditStandby letters of credit are a type of letter of credit.The common feature of all letters of credit is an...
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10th Aug
Practice notes
When is consumer legislation relevant from a lender's perspective?IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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10th Aug
Q&As
In what circumstances do I really need to worry about commercial (or corporate) benefit?This Q&A explains when it is necessary to analyse whether an...
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Produced in partnership with Brian Cain 10th Aug
Q&As
Does a guarantee have to be executed as a deed?No, a guarantee does not have to be executed as a deed. A guarantee can be executed as a deed or as an...
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10th Aug
Q&As
Does it affect subrogation rights if the guarantor is a voluntary guarantor (ie the borrower did not procure, or even know about, the existence of the...
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10th Aug
Q&As
How do I draft a guarantee that is limited by amount?From a lender's perspective, it is important to draft a guarantee which is limited by amount as a...
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10th Aug
Q&As
Can equitable set-off apply to a situation where set off has been excluded expressly by terms of a contract between the parties?Equitable...
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10th Aug
Q&As
Why are set-off clauses included in finance documents?Parties’ rights are often defined, restricted or excluded by a specific contractual clauses...
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Produced in partnership with Thomas Samuels of Gough Square Chambers 10th Aug
Q&As
Can a creditor who has a claim against an insolvent subsidiary rely on the guarantee provided to the creditor from the parent company?An insolvency...
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10th Aug
Q&As
Is it possible for a guarantee to be set aside as an antecedent transaction such as a transaction at an undervalue or a preference? If so, what, if...
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10th Aug
Q&As
Following IP completion day, can a UK Bank issue, advise or confirm a letter of credit to a European beneficiary?See Practice Note: Brexit—impact on...
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9th Aug
Practice notes
Guarantees—commercial benefitOnce the capacity and authority of a company to enter into a guarantee have been investigated, the next step is to...
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2nd Aug

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