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About Banking & Finance Law

The uncertain economic climate has led to unprecedented challenges in the finance sector. It is more difficult than ever to get your deals done.

Key features of Lexis+® Banking & Finance

We'll keep you up to date with news. Weekly essentials newsletters, monthly case updates and a case tracker with the status of cases included and key cases notes on main topics.

Key developments and horizon scanning

Transactional lawyers need to stay on top of market changes. We track developments of key industry bodies including the LMA, ISDA and ICMA as well as hot topics such as sustainable finance so that you're always updated.

Security

Lending demands watertight security. We’ll guide you on taking, perfecting, and registering security. As well as topics covering enforcing security and cross border security.

Getting deals over the line

Economics is often a rollercoaster, ups, downs, and challenges. It can make the task of sealing deals tricky. We’ll help you navigate the uncertainty.

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Associated legal terms

Default (Banking & Finance)

A state of affairs which entitles a financier to take certain action involving giving notice to terminate a facility or accelerating repayment of a loan. This may arise from a breach of the facility, insolvency, failure to meet financial tests or the occurrence of an adverse event. The events giving rise to a default are usually listed at length in a facility agreement and heavily negotiated.

LIBOR

The London Interbank Offered Rate (LIBOR) is the daily reference rate based on the interest rates at which banks borrow unsecured funds from other banks in the London wholesale money market (or interbank lending market).

Netting

This is a contractual arrangement between two parties who each owe each other a monetary debt. It means that the parties have agreed that, when they transact with each other there will at any time be just one amount owed by the party whose notional cross-claim is worth less than his counterpart.
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