Ceiriog Smith

Solicitor

Ceiriog Smith's practice focuses on the secondary loan trading markets and providing advice to banks, hedge funds and other financial institutions on the legal issues relating to the purchase and sale of distressed assets. Ceiriog has been actively involved in the loan trading markets since 2014 and has extensive experience in various types of high-yield transactions throughout the world, including the purchase and sale of distressed and par loans, trade claims and equity.

Ceiriog is qualified as a solicitor in England & Wales. He is also qualified in Scotland (currently non-practising).

Contributed to

1

Overview of the key documentation in a typical secondary debt trade

Practice Notes

This Practice Note explains the key Loan Market Association (LMA) documents that are used in a typical secondary debt trade transaction including confidentiality agreements, trade confirmations and the LMA Standard Terms and Conditions. It also explains the different types of transfer, assignment and sub-participation agreements which are used to transfer any debt which is traded. The Practice Note covers both par trades and distressed trades

Banking & Finance