LMA Development

• June 2010 - LMA forms liquidity working party
• May 2010 - LMA membership numbers reach an all time high
• February 2010 - LMA responds to HMT discussion paper on non-bank lending
• November 2009 - LMA produces revised form of Intercreditor Agreement following discussions with Mezzanine lenders
• November 2009 - Revised secondary trading documents completed, merging par and distressed
• September 2009 - LMA hosted is second UK conference attracting 700 delegates
• July 2009 - LMA launched guidance to market participants on amendments & waivers
• June 2009 - UK Takeover Panel issued guidelines on disclosure of information to potential lenders following discussions with the LMA
• June 2009 - Revised leveraged primary documents launched
• April 2009 - LMA began dialogue with Insolvency Service concerning changes to UK insolvency regime
• March 2009 - New recommended form of Intercreditor Agreement launched
• February 2009 - New guidelines introduced for MLAs and recommendations on the Syndication timeline
• October 2008 - First conference in London 
• June 2008 - First conference and training programme in Moscow
• April 2008 - First documentation training programme in New York
• October 2007 - Loan Operations Committee established
• September 2007 - German Law investment grade facility agreement launched
• April 2007 - First New York Conference
• March 2007 - Islamic Finance Users Guide launched
• November 2006 - 10th anniversary of LMA formation
• November 2006 - Training extended to the Middle East market
• October 2006 - Financial Covenants definitions published
• March 2006 - Training on LMA distressed trading documents introduced
• November 2005 - Training on LMA par trading documents introduced
• October 2005 - Revised LMA distressed debt documents launched
• May 2005 - First LMA Certificate Course
• January 2005 - Training on LMA leveraged document introduced
• September 2004 - LMA seminars extended to European locations
• April 2004 - Agency Committee established
• January 2004 - Leveraged loan primary document launched
• October 2003 - Training on LMA investment grade documents introduced
• July 2003 - Membership exceeds 200
• May 2003 - Mark-to-Market service for members launched
• July 2002 - French law/English language primary document launched
• April 2002 - Institutional Investor Committee established
• January 2002 - Web-based Breakfunding Calculator launched
• June 2001 - Guidelines on loan transferability issued
• February 2001 - Web-based Loan Pricing Calculator launched
• November 2000 - Lobbying: UK Treasury announces intention to amend regulations on interest payments to corporates
• March 2000 - Lobbying: UK Treasury allows interest relief on ratchet loans
• November 1999 - Investment Grade Primary Syndicated Loan Document launched
• June 1999 - First LMA Conference (Frankfurt)
• March 1999 - Distressed Debt Trading Documents launched
• June 1998 - Membership exceeds 100
• September 1997 - Secondary Trading Documents (Par/Near Par) introduced
• November 1996 - Loan Market Association formed with seven original members