What does the Loan Market Association do?
What does the Loan Market Association do?
As the authoritative voice of the syndicated loan market in EMEA, we work with lenders, law firms, borrowers and regulators to educate the market about the benefits of the syndicated loan product, and to remove barriers to entry for new participants.
How do you become a LMA member?
Membership is offered at the institutional level only and is subject to completion of the online application, acceptance of that organisation by the LMA and payment of the relevant fee. Membership will commence only once the subscription fee is received by the LMA.
What are LMA documents?
LMA documentation is produced after extensive consultation with leading loan practitioners and law firms so as to represent an agreed common view of documentation structures.
What is the full form of Lsta?
Since 1995, the Loan Syndications and Trading Association (LSTA) has been the industry’s premier platform for all participants in the rapidly evolving syndicated lending market.
What is a loan market?
loan market. noun [ C ] FINANCE. the market where financial organizations provide loans to borrowers and sometimes repackage them (= sell them on to investors): consumer/domestic/home loan market The consumer loan market has been the fastest growing sector in recent years.
What is a loan facility fee?
Borrower shall pay to Lender an annual loan facility fee (the “Loan Facility Fee”) equal to 0.75% of the Revolving Commitment. The Loan Facility Fee shall be fully earned on the Closing Date for the term of the Loan (including any Extension Term) but shall be due and payable on each anniversary of the Closing Date.
What is an Intercreditor?
An Intercreditor Agreement (or inter-creditor deed) is a contract between two more creditors. Such an agreement comes into effect when the borrower has two (or more) lenders. Usually, there are two creditors in an inter-creditor agreement – one senior and the other subordinate or junior lender.
What is a swing line of credit?
A swingline loan is a short-term loan made by financial institutions that provides businesses with access to funds to cover debt commitments. A swingline loan can be a sub-limit of an existing credit facility or a syndicated credit line, which is financing offered by a group of lenders.
What is LMA trade?
(the “LSTA”) and the Loan Market Association (the “LMA”) publish the forms of documentation used by sophisticated financial entities involved in the trading of large corporate syndicated loans in the secondary trading market.
How big is the bank loan market?
Institutional Loan Market Tops $1.5 Trillion, HY Volume Exceeds 2019 Pre-Pandemic Levels. Fitch Ratings-New York-23 July 2021: The leveraged loan market has surpassed $1.5 trillion at mid-year, while high yield volume exceeds 2020’s record pace over the same time period, according to a new Fitch Ratings report.
How are bank loans traded?
The bank loan market is broadly syndicated and consists of loans made by major commercial and investment banks. Bank loans are actively traded in the secondary market like high yield and investment grade bonds, and most major financial firms trade bank loans.
Where is the loanloan Market Association located?
Loan Market Association. 10 Upper Bank Street. London E14 5JJ. T+ 44 (0)20 7006 6007. [email protected]. Membership and documentation queries. [email protected]. Event queries.
What interest groups does the LMA offer?
Interest Groups: Commodity Finance / Developing Markets / Real Estate / Regulation / Loan Operations & Settlement Please login to the LMA website and adjust your email preferences under your Personal Profile . Registered in England and Wales as a company limited by guarantee with registered number 3284544.
What are the marketing lists in the LMA?
Marketing Lists: LMA Monthly Update / Documentation Alerts / Education & Events (broken down by regions) Interest Groups: Commodity Finance / Developing Markets / Real Estate / Regulation / Loan Operations & Settlement Please login to the LMA website and adjust your email preferences under your Personal Profile .
Who sets the guidelines for syndicated loan markets?
We are widely regarded as the body that establishes guidelines for the EMEA syndicated loan market. These are, by their nature, wide-ranging and relate to both primary and secondary markets.
