powered by Lexis^®PSL

Home / Banking & Finance / Regulation for banking lawyers / LIBOR and benchmarks

Legal News

Loan Market Association revised rate switch agreements—what’s changed?

Published on: 01 December 2020

Published by: LexisPSL

Loan Market Association revised rate switch agreements—what’s changed?
What new documents has the LMA published?
What are the key features of the Revised Rate Switch Agreements
How do the Revised Rate Switch Agreements differ from the Initial Rate Switch Agreement?
Rate switch mechanics
Rounding
Compounding methodology supplement
Duration of interest periods
Replacement of Screen Rate
Cost of funds

More...

How does the Rate Switch Agreement (lookback without observation shift) differ from the Rate Switch Agreement (lookback with observation shift)?
Further information

Article summary

Banking & Finance analysis: This News Analysis provides a summary of the key ways in which the rate switch agreements published by the Loan Market Association (LMA) in November 2020 differ from the initial draft published by the LMA in September 2020. Sign in or take a trial to read the full analysis.

Popular documents

European Insurance and Occupational Pensions Authority (EIOPA)

European Insurance and Occupational Pensions Authority (EIOPA)

European Insurance and Occupational Pensions Authority (EIOPA)BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements

Directors’ remuneration

Directors’ remuneration

Directors’ remunerationCompany directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their

AML and counter-terrorist financing—source of funds and source of wealth

AML and counter-terrorist financing—source of funds and source of wealth

AML and counter-terrorist financing—source of funds and source of wealthSource of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March 2018. Its findings included that:•most firms understood the distinction between

Stay of proceedings—when can you apply to stay a claim?

Stay of proceedings—when can you apply to stay a claim?

Stay of proceedings—when can you apply to stay a claim?This Practice Note considers the question of when court proceedings can be stayed. It identifies scenarios in which a party may apply for a stay of proceedings, including to allow for: a jurisdictional challenge; arbitration; an attempt to