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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 Trade and commodity finance content

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
Freedom of information—providing confidential or commercially sensitive information to ECGDThe Export Credits Guarantee Department (ECGD) is the UK's...
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10th Aug
Practice notes
Promissory notes—structure and partiesA promissory note is a type of bill of exchange (for more information, see Practice Note: Bills of...
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Produced in partnership with Ed Bellamy, Marta Bishop and Jad Hussain of Paul Hastings (Europe) LLP 10th Aug
Precedents
Promissory note by a companyPROMISSORY NOTEPrincipal amount: £[insert amount in figures] ([insert amount in words])[insert date][insert name of...
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10th Aug
Q&As
What is the difference between a promissory note and an IOU?What is a promissory note?Under English law, promissory notes are negotiable instruments...
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10th Aug
Q&As
In a factoring arrangement where the factor is a payment provider who has the contractual relationship with the consumer, is it the factor or the...
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10th Aug
Precedents
Promissory note by individual maker(s)PROMISSORY NOTEPrincipal amount: £[insert amount in figures] ([insert amount in words])[insert date][I, (the...
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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
LIBOR transition—FAQs and glossaryThis Practice Note is intended as an introductory guide to LIBOR transition. It aims to answer some of the most...
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6th Aug
Practice notes
Form of promissory notes and bills of exchangeForm of promissory notes and bills of exchangeA bill of exchange is a paper instrument that is used to...
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Produced in partnership with Ed Bellamy, Marta Bishop and Jad Hussain of Paul Hastings (Europe) LLP 3rd Aug
Practice notes
Trade credit insuranceTrade credit insurance typically provides protection to a policyholder against non-payment of accounts receivable, due to the...
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Produced in partnership with Michael Morris of Clyde & Co LLP 1st Aug
Q&As
What is the difference between a standby letter of credit and a letter of credit?This Q&A considers the differences between a standby letter of credit...
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31st Jul
Practice notes
Shipping finance—Export Credit Agency financingExport credit agency (ECA) supported financing has been a stable source of funding for the shipping and...
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Produced in partnership with Tony Rice of HFW and Gudmund Bernitz of HFW 30th Jul
Practice notes
Export Credit Agencies and export credit supportExporters who wish to take their goods or services to overseas markets will often face significant...
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Produced in partnership with Dimitri Papaefstratiou, Joseph Lam, Zahir Ahmad and Dominic Zywicki of Ernst & Young LLP 30th Jul
Practice notes
Commercial letters of credit—structure and partiesThe simplest form of a commercial letter of credit is an undertaking by a bank to pay the...
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30th Jul
Practice notes
Prepayment finance—key facility termsPrepayment finance is an established structure used to provide finance directly to buyers of goods and...
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Produced in partnership with Dentons 30th Jul
Practice notes
Characteristics of commercial letters of creditCommercial letters of credit (also known as traditional letters of credit or L/Cs) are used in relation...
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30th Jul
Practice notes
The Loan Market Association Facility Agreement for pre-export finance transactionsThis Practice Note looks at the recommended form of single currency...
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Produced in partnership with Sullivan 30th Jul
Practice notes
The Paris Club and officially supported export creditsThis practice note explains the nature of the Paris Club and its role in the context of...
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30th Jul

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