Recommended Documents

There are fourteen sub-headings under the Documentation area of the web site - available to members only. The following is a list of all the documents published by the Loan Market Association.

Documents are available for downloading to Members only within the Members Area

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	Document
Competition Law Papers
	Key competition law areas of awareness
Coordinating Committee Letters
	Form of Letter to Company governing appointment of Coordinator and Coordinating Committee
	Form of Letter to Lenders governing the appointment of Coordinator and Coordinating Committee
	LMA guidance notes on role of coordinator and coordinating committee
French Law Primary
	Important note re. Basel II footnote
	LMA Multicurrency Term and Revolving Facilities Agreement
	User Guide to Multicurrency Term and Revolving Facilities Agreement
	LMA Multicurrency Term and Revolving Facilities Agreement (French Translation)
German Law Primary
	Important note re. Basel II footnote
	Multicurrency Term and Revolving Facility Agreement
	Users Guide
Glossary of Terms
	Syndicated Loan - Glossary
Grey Market
	LMA Front Running Letter of Undertaking Users Guide
	LMA Front Running Letter of Undertaking
	LMA Confidentiality and Front Running Letter for Primary Syndication
Intercreditor Agreement
	Memorandum explaining revisions to Intercreditor Agreement - November 2009
	LMA Intercreditor Agreement
	LMA Intercreditor User Guide
Islamic Finance Users Guide
	Users Guide to Islamic Finance Documents
Mandatory Costs
	LMA Recommended Mandatory Costs
Market Guidelines
	LMA Transparency Guidelines
	LMA Amendments & Waivers Guidelines
Mark-Ups: Most Recently Posted
	French Law LMA Multicurrency Term and Revolving Facilities Agreement (English)
	French Law LMA Multicurrency Term and Revolving Facilities Agreement (French Translation)
	German Law LMA Multicurrency Term and Revolving Facilities Agreement
	Multicurrency Term and Revolving Facilities Agreement
	Multicurrency Term Facility Agreement
	Multicurrency Revolving Facility Agreement
	Single Currency Term and Revolving Facilities Agreement
	Single Currency Term Facility Agreement
	Single Currency Revolving Facility Agreement
	Users Guide to Investment Grade Primary documentation
	LMA Term Sheet
	LMA Multicurrency Term and Revolving Facilities Agreement incorporating a Swingline facility
	LMA Multicurrency Term and Revolving Facilities Agreement incorporating a Swingline facility
	Users Guide to LMA Finance Party Default and Market Disruption Clauses in Conjunction with the LMA Recommended Form of Primary Document
	Senior Multicurrency Term and Revolving Facilities Agreement
	LMA Form of Letter re permission to disclose information to numbering service providers and administration/settlement service providers
	LMA - Permission to disclose information to numbering service providers and administration/settlement service providers
	LMA Secondary Documentation Users Guide Mark-Up
	LMA Funded Participation (Distressed/Claims)
	LMA Standard Terms & Conditions for Par/Distressed Trade Transactions
	LMA Trade Confirmation (bank debt)
	LMA Trade Confirmation (claims)
	LMA Trade Confirmation (risk participation)
	LMA Assignment (bank debt)
	LMA Assignment (distressed/claims)
	LMA Master Funded Participation Agreement (par/distressed)
	LMA Funded Participation Agreement (par/distressed)
	LMA Risk Participation Agreement (par)
	LMA Master Risk Participation Agreement (par)
	LMA Risk to Funded Participation Agreement (par)
	LMA Funded/Risk Participation Agreement (par)
	LMA Confidentiality Letter (seller)
	LMA Confidentiality Letter (purchaser)
	LMA Confidentiality Letter (purchaser's agent/broker)
	LMA Confidentiality Letter (seller's agent/broker)
	LMA Master Confidentiality Undertaking
	LMA Master Confidentiality Undertaking for Admin/Settlement Services Providers
	LMA Recommended Mandatory Costs
	LMA Confidentiality and Front Running Letter for Primary Syndication
Mark-Ups: Archived
	Users Guide to Form of Facility Agreement for Leveraged Acquisition Finance Transactions
	LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (bank debt/claims)
	LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (bank debt/claims)
	LMA Trade Confirmation (Bank Debt)
	LMA Trade Confirmation (Bank Debt)
	LMA Trade Confirmation (Risk Participation)
	LMA Transfer Agreement (Bank Debt)
	LMA Transfer Agreement (Bank Debt)
	LMA Assignment (Bank Debt)
	LMA Assignment (Bank Debt)
	LMA Assignment (Distressed/Claims)
	LMA Funded Participation (Par/Distressed)
	LMA Funded Participation (Par/Distressed)
	LMA Risk Participation (Par)
	LMA Master Funded Participation Agreement (Par/Distressed)
	LMA Master Risk Participation Agreement (Par)
	LMA Funded/Risk Participation (Par)
	LMA Risk to Funded Participation (Par)
	LMA Trade Confirmation (Claims)
	LMA Multilateral Termination and Transfer Agreement (Novation)
	LMA Termination & Transfer Agreement (Novation)
	LMA Termination & Transfer Agreement (Novation)
	LMA/LSTA Comparison Table
	LMA Confidentiality Letter (Seller)
	LMA Confidentiality Letter (Purchaser)
	LMA Confidentiality Letter (Seller's Agent)
	LMA Confidentiality Letter (Purchaser's Agent)
	LMA Master Confidentiality Undertaking for Admin / Settlement Service Providers
	LMA Grantor Credit Risk Paper
	LMA Intercreditor User Guide
	LMA Secondary Trading Documentation User Guide
	Financial Covenants Provisions
	Intercreditor Agreement
	Intercreditor Agreement
	Leveraged Term Sheet
	Leveraged Term Sheet
	LMA Letter of Credit Option
	LMA Mandate Letter - Best Efforts
	LMA Mandate Letter - Underwritten
	LMA Letter of Undertaking
	LMA Front Running Letter of Undertaking Users Guide
	Users Guide to the LMA form of Leveraged Facilities Agreement
	Form of Letter to Company governing appointment of Coordinator and Coordinating Committee
	Form of Letter to Lenders governing the appointment of Coordinator and Coordinating Committee
	Mark up of French Law LMA Multicurrency Term and Revolving Facilities Agreement Users Guide
	German version of Multicurrency Term and Revolving Facility Agreement User's Guide
Non-Public Information Papers
	Dealing with confidential and price sensitive information
	Private and Inside Information in the Loan Market
	Joint Trade Associations paper on Non-Public Information
	JMPF European Supplement
	US JMPF Paper Oct 2003
Primary (Investment Grade)
	Summary Note re Jan 2012 Changes to Swingline Options & Finance Party Default Clauses
	Summary Note re Dec 2011 changes to LMA Primary Documents & Finance Party Default & Market Disruption Clauses
	Note to address situations where LIBOR rates are negative
	LMA Note on the Basel III Liquidity Coverage Ratio and Loan Documentation
	Important note re. Basel II footnote
	Users Guide to LMA Finance Party Default and Market Disruption Clauses in Conjunction with the LMA Recommended Form of Primary Document
	LMA Multicurrency Term and Revolving Facilities Agreement
	LMA Multicurrency Term Facility Agreement
	LMA Multicurrency Revolving Facility Agreement
	LMA Single Currency Term and Revolving Facilities Agreement
	LMA Single Currency Term Facility Agreement
	LMA Single Currency Revolving Facility Agreement
	Users Guide to Investment Grade Primary documentation
	LMA Multicurrency Term and Revolving Facilities Agreement incorporating a Swingline facility
	LMA Multicurrency Revolving Facilities Agreement incorporating a Swingline facility
	LMA Single Currency Term and Revolving Facilities Agreement incorporating a Swingline facility
	LMA Single Currency Revolving Facilities Agreement incorporating a Swingline facility
	LMA Letter of Credit Option
	Note Relating to LMA Letter of Credit Option - June 2009
	LMA Recommended Mandatory Costs
	LMA Term Sheet
	LMA Mandate Letter - Best Efforts
	LMA Mandate Letter - Underwritten
	LMA Syndicate Member Commitment Letter for Primary Syndication - for initial commitment without approval of documentation
	LMA Syndicate Member Commitment Letter For Primary Syndication - for final commitment with approval of documentation
	Explanatory Memo relating to Mandate Letters, Commitment Letters, Front Running Letters, Syndication Closing Timeline & Syndication Decision Charts
	Syndication Closing Timeline
	Syndication Decision Chart - Unsuccessful Syndication
	Syndication Decision Chart - Successful Syndication
	LMA Front Running Letter of Undertaking Users Guide
	LMA Confidentiality and Front Running Letter for Primary Syndication
	Explanatory Memo re LMA Confidentiality & Front Running Letter 07
	LMA Front Running Letter of Undertaking
Primary (Leveraged)
	Note to address situations where LIBOR rates are negative
	LMA Note on the Basel III Liquidity Coverage Ratio and Loan Documentation
	Senior Multicurrency Term and Revolving Facilities Agreement
	Important note re. Basel II footnote
	Users Guide to Form of Facility Agreement for Leveraged Acquisition Finance Transactions
	Note relating to LMA Letter of Credit Option - June 2009
	LMA Letter of Credit Option
	LMA Mandate Letter - Best Efforts
	Leveraged Term Sheet
	LMA Mandate Letter - Underwritten
	Financial Covenants Provisions
	Financial Covenants Provisions Users Guide
	Rider permitting disclosure to numbering service providers and administration/settlement service providers
	LMA Syndicate Member Commitment Letter for Primary Syndication - for initial commitment without approval of documentation
	LMA Recommended Mandatory Costs
	LMA Syndicate Member Commitment Letter For Primary Syndication - for final commitment with approval of documentation
	Explanatory Memo Relating To Mandate Letters, Commitment Letters, Front Running Letters, Syndication Closing Timeline & Syndication Decision Charts
	Syndication Closing Timeline
	Syndication Decision Chart - Unsuccessful Syndication
	Syndication Decision Chart - Successful Syndication
	LMA Confidentiality and Front Running Letter for Primary Syndication
	Explanatory Memo re LMA Confidentiality & Front Running Letter 07
	LMA Front Running Letter of Undertaking
	LMA Front Running Letter of Undertaking Users Guide
	Form of letter re permission to disclose information to numbering service providers and administration/settlement service providers
Release & Reliance Letters
	Guidance Note To Release And Reliance Letters For Leveraged Finance Transactions
	Template LMA Release & Reliance Letters
Secondary Debt Trading Documentation
	LMA Guidance Note - LMA Recommended forms of Secondary Debt Trading Documentation
	Issues To Be Considered Prior To/Immediately After A Trade
	Relates to changes made in January 2010
	Explanatory Memo re. February 2011 revisions
	LMA/LSTA Comparison Table
	LMA Secondary Trading Documentation User Guide
	LMA Standard Terms & Conditions for Par & Distressed Trade Transactions (bank debt/claims)
	LMA Trade Confirmation (Claims)
	LMA Trade Confirmation (Bank Debt)
	LMA Trade Confirmation (Risk Participation)
	LMA Termination Notice (Par & Distressed)
	LMA Form of Early Termination Amount Statement for Par & Distressed Trade Transactions
	LMA Buy-In/Sell-Out Notice
	LMA Purchase Price Notice
	LMA Price Dispute Notice
	LMA Transfer Agreement (Bank Debt)
	LMA Assignment (Bank Debt)
	LMA Assignment (Distressed/Claims)
	LMA Funded Participation (Distressed/Claims)
	LMA Funded Participation (Par/Distressed)
	LMA Risk Participation (Par)
	LMA Master Funded Participation Agreement (Par/Distressed)
	LMA Master Risk Participation Agreement (Par)
	LMA Funded/Risk Participation (Par)
	LMA Risk to Funded Participation
	LMA Multilateral Termination & Transfer Agreement (Novation)
	Multilateral Netting Agreement
	Bilateral Netting Agreement
	Bilateral Termination and Transfer Agreement
	Termination Agreement
	LMA Explanatory Note relating to Proceeds Letter
	LMA Confidentiality Letter (Seller)
	LMA Confidentiality Letter (Purchaser)
	LMA Confidentiality Letter (Seller's Agent/Broker)
	LMA Confidentiality Letter (Purchaser's Agent/Broker)
	LMA Master Confidentiality Undertaking
	LMA Master Confidentiality Undertaking for Admin / Settlement Service Providers
	LMA Grantor Credit Risk Paper
	LMA Pricing Panel Rules
Terms & Conditions Archive
	LMA Par Terms & Conditions
	LMA Par Terms & Conditions
	LMA Par Terms & Conditions - includes competition rubric
	LMA Par Terms & Conditions
	LMA Par Terms & Conditions
	LMA Par Terms & Conditions - includes competition rubric
	LMA Distressed Terms & Conditions Apr '01
	LMA Distressed Terms & Conditions Oct '01
	LMA Distressed Terms & Conditions Oct '01
	LMA Distressed Terms & Conditions Oct '05
	LMA Distressed Terms & Conditions Oct '05 - includes competition rubric
	LMA Par Terms and Conditions December 2007
	Par Standard Terms and Conditions published as at 24 december 2008 (applicable to a Trade Date on or after 3 September 2008)
	Distressed Standard Terms and Conditions published as at 24 december 2008 (revision date of 1 February 2008)
	Par Terms and Conditions January 2009
	Distressed Terms and Conditions January 2009

These Materials (which term includes, where the context permits, text, content, spreadsheets incorporating macros and electronic interfaces, and their underlying assumptions, conversions, formulae, algorithms, calculations and other mathematical and financial techniques) are made available to members of the Loan Market Association to facilitate the documentation of transactions in the loan markets. None of the Loan Market Association, Allen & Overy or Clifford Chance accept any responsibility for any use to which these Materials may be put or for any loss, damage or liability whatsoever arising from such use. None of the Loan Market Association, Allen & Overy or Clifford Chance has reviewed the laws of any jurisdiction which may apply to either party to an agreement using these Materials and its subject matter. Members should therefore consider all the relevant legal, accounting and regulatory issues before using these Materials or entering into a transaction under them and, if appropriate, consult their professional advisers.

In relation to recommended form documents, members are responsible for ensuring that the precise form and content of the documentation for a particular transaction is appropriate. Members should therefore satisfy themselves that the documents and any modifications to them are appropriate in the circumstances and the economic intentions of the parties.

The Loan Market Association consents to the use, reproduction and transmission of these Materials by members of the Loan Market Association only for the preparation and documentation of agreements relating to transactions or potential transactions in the loan markets. The Loan Market Association does not consent to the use, reproduction or transmission of these Materials for any other purpose, in any other manner or by any other person and expressly reserves all other rights.

In relation to the use of the Breakfunding Calculator (the "Calculator") whilst the Loan Market Association has taken reasonable skill and care to ensure that, when used correctly, the Calculator produces accurate guidance as to breakfunding costs, the Loan Market Association makes no representation or guarantee that information obtained from use of the Calculator will be complete, accurate or reliable. Results are provided without any warranty of any kind, express or implied. The proper working of the Calculator is reliant upon the correct input by users of information into all fields necessary to produce results. Failure by a user to input information fully and correctly is likely to lead to incorrect or misleading results produced by the Calculator, for which the Loan Market Association will not be responsible.