The following Banking & Finance guidance note Produced in partnership with K&L Gates provides comprehensive and up to date legal information covering:
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 similar for trading of par debt and distressed debt although the table below highlights certain specific differences between the two types of trade. This timeline has been produced on the assumption that the Loan Market Association (LMA) secondary debt trading suite of documents will be used by the parties to document their trade.
For more information on the documentation for secondary debt trades, see Practice Note: Overview of the key documentation in a typical secondary debt trade.
T = Trade date
All references to days are to business days
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