The Lloyd’s Market Association (LMA) has published a serial loss clause and a serial defect clause, produced by the Renewable Energy Sub-Committee (a sub-group of the Joint Power Generation). These clauses aim to limit exposure arising from multiple physical damage losses due to the same, or similar, cause.

The Loan Market Association (LMA) has published the LMA's sustainability coordinator letter (the Letter). The Letter serves as a starting point for negotiation where a sustainability coordinator is to be appointed on a sustainable lending transaction and is aligned with the Draft Provisions for Sustainability-Linked Loans published on 4 May 2023. The Letter is available on LMA's website to members only.

In connection with the Lloyd's of London mandate to provide greater clarity regarding cyber coverage, the Lloyd's Market Association has published a table of all cyber related model clauses it has published this year.

The Loan Market Association (LMA) has published an updated version of its senior single currency term facility agreement for real estate finance multiproperty investment transactions (senior/mezzanine), which envisages the use of risk-free rates from the outset. A mark-up against the previous LIBOR referencing document has also been published at the same time so that members can see the changes that have been made.

The Loan Market Association (LMA) has published updated versions of its Borrowing Base Facility Agreement and accompanying User Guide on its Documentation Hub. The revised documents form part of the LMA’s suite of recommended forms and guidance for borrowing base transactions and are intended to assist market participants in structuring and documenting facilities supported by fluctuating asset pools.

The Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) have published a revised version of the LMA/LSTA standard administration details form to include optionality for inserting standard settlement or wiring instructions for those transactions that align with the ISO20022 updates. The form is available through the LMA's website to LMA members only.

The Loan Market Association (LMA) has published several updated documents to incorporate a revised counterparts clause that mirrors the one in the LMA Terms and Conditions for Par and Distressed Trade Transactions. As a result, the requirement to deliver an original counterpart has been removed, unless it is specifically requested within five business days of the settlement date. Furthermore, the amended documents now reference ‘assignment’ alongside ‘novation’ and include the LMA-recommended bail-in clause where applicable. Notably, these revisions do not apply to the Bilateral Netting Agreement, which continues to be governed by the existing counterparts and bail-in clauses in the LMA Standard Terms and Conditions.

The Loan Market Association (LMA) has published updated draft provisions for sustainability-linked loans (SLLs) along with an accompanying term sheet. The revised part A retains the existing core structure while incorporating amendments designed to promote consistency and clarity in areas such as declassification events, sustainability amendments, compliance certificates, reporting and margin adjustments. A new part B addresses 'sleeping' SLL structures through two alternative approaches. Additionally, the LMA has released an educational note that explains the contractual guardrails within the provisions, including the sustainability breach and declassification provisions.

The Loan Market Association (LMA) in conjunction with the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA) has published updated green, social, and sustainability-linked loan principles and guidance documents. These updates, reflecting the latest market developments, provide a framework for structuring labelled loans, ensuring adherence to market best practices. Developed by a consortium of financial institutions, law firms, and external review providers, the updates aim to maintain the integrity of the rapidly growing labelled loan market. The principles and guidance will continue to evolve with market changes.

The Loan Market Association (LMA) has published updated versions of the standard terms and conditions for Par and Distressed Trade Transactions, the full suite of Funded Participation and Risk Participation Agreements and the Secondary Debt Trading Documentation User Guide; taking effect from 17 March 2026. The amendments include the removal of LIBOR references, revisions to IBOR rate definitions and the Target2 definition and updated ERISA representations incorporating additional exemptions from the prohibited transaction rules under ERISA and the US Internal Revenue Code.

The Loan Market Association (LMA) has published a user guide and model Murabaha Facility Transfer Agreements to facilitate the transfer of an existing participation in a Murabaha finance structure. The documents comprise a Murabaha Facility Transfer Agency Agreement, Commodity Purchase Agreement, Commodity Sale Agreement, Murabaha Facility Transfer Agreement and two Syndication Settlement Letters, including one for agency arrangements.

The Lloyd’s Market Association (LMA) has published a model values limitation endorsement for use on terrorism and political violence risks. LMA5622 is similar to LMA5599 (property) but adapted for terrorism and political violence risks.