Setting up an MTN Programme—timeline of process

Copyright © 2025 LexisNexis

Published by a LexisNexis Banking & Finance expert

Checklists

Setting up an MTN Programme—timeline of process

Copyright © 2025 LexisNexis

Published by a LexisNexis Banking & Finance expert

Checklists

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For more information on the documents set out below, please see Practice Note: Issuing debt securities—key documentation.

Appointment of the arranger

•
The issuer (Issuer) appoints an arranger (Arranger) to establish the programme. The Arranger may also act as a dealer or manager of future note issuances under the programme.

Responsibility—Issuer and Arranger.

Appointment of the dealers

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The dealer(s) (Dealers) will enter into a dealer agreement with the Issuer and the Arranger.
•
In the case of a syndicated issue the Dealers and the Issuer may also execute a subscription agreement.
•
New dealers can join the programme after its launch through a dealer accession letter.

Responsibility—Dealers, Arranger and the Issuer.

Appointment of the agents

•
The Issuer will appoint agents to act for it on the programme. These may include a fiscal agent (Fiscal Agent) or trustee (appointed by the Issuer to represent the interests of the noteholders), principal paying agent and other paying agents, a registrar (if the notes

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United Kingdom

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