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ACT Borrower’s Guide to LMA Documentation

Slaughter & May – The Association of Corporate Treasurers (ACT) has worked with the Loan Market Association (LMA) on the development of the Investment Grade Agreement (and its revisions) since the project was first launched in 1996. The Guide is produced by Slaughter and May for the ACT and provides detailed negotiating advice for treasurers.

The latest edition the Guide was published in April 2013. Since that date the LMA have updated the investment grade agreements several times. In November 2014 the LMA made a number of changes to the interest provisions, prompted by the ongoing reforms to LIBOR, Euribor and other benchmarks and the bank community’s reaction to that process. These changes are discussed in this Benchmarks Supplement to the ACT Guide.

Download the guide here

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