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.
Topics We Cover
Latest Banking & Finance News
The International Capital Market Association (ICMA) has published a paper examining the expanding role of environmental, social and governance (ESG)...
The Cabinet Office has published its response to the consultation on the National Security and Investment Act 2021 (Notifiable Acquisition)...
This week's edition of Banking and Finance weekly highlights includes: (1) DBT issues updated statutory guidance on PSC ‘significant influence or...
The European Securities and Markets Authority (ESMA) has published a report following its 2025 call for evidence (CfE) on the retail investor journey....
The Council of the EU has published the final text of Commission Delegated Regulation (EU).../...amending Delegated Regulation (EU) 2019/980 (which...
Latest Banking & Finance Practice Notes
This Practice Note links to news on sustainable finance, including green loans and green bonds, that has been published since 2019. Due to the global...
This Practice Note contains a summary of new and updated documents published by the International Capital Markets Association (ICMA). It is updated...
This Practice Note contains a summary of new developments and updated documents published by the Association for Financial Markets in Europe (AFME)....
This Practice Note gives an overview of the main provisions of the UK public offers and admissions to trading regime which came into effect on 19...
This Practice Note deals with taking security over contractual rights in general. It explains:•typical methods of taking security over contractual...
Latest Banking & Finance Precedents
PROMISSORY NOTEPrincipal amount: £[insert amount in figures] ([insert amount in words])[insert date][I, (the ‘Promisor’), OR We, (the ‘Promisors’),...
<section><section><p>Dear [<em>insert</em></p></section></section>
This Agreement is made on [date] 1 [insert name of party] [of OR trading as [insert trading name]...
We, [insert name of Lender/Security Agent], a company incorporated in [Scotland OR England and Wales] under the Companies Acts with Registered Number...
FOR THE PURPOSES OF THE LEGAL WRITINGS (COUNTERPARTS AND DELIVERY) (SCOTLAND) ACT 2015, THIS DISCHARGE IS DELIVERED ON [insert date] 20[insert...
Latest Banking & Finance Q&As
Featured Banking & Finance content
Receivables purchase transactions: invoice discounting and factoring
Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...
Foreign exchange (FX) derivatives
Foreign exchange (FX) derivativesWhat is a FX derivative?A foreign exchange (FX) derivative is a type of derivative whose payoff depends on the FX...
Types of debt securities
Types of debt securitiesWhat are debt securities?In the context of the debt capital markets, the term 'debt security' means a financial instrument,...
An introduction to repo and the Global Master Repurchase Agreement (GMRA)
An introduction to repo and the Global Master Repurchase Agreement (GMRA)Coronavirus (COVID-19): This Practice Note contains information on subjects...
Offtake contracts—key issues for project finance lenders
Offtake contracts—key issues for project finance lendersMost projects are underpinned by a complex web of contractual relationships between all the...
What is the banker’s right of set-off?
Pledges
PledgesA pledge is one of the four types of security recognised under English law—the types of security are described in Practice Note: Types of...
Key features of debentures
Key features of debenturesDebentures are used in many types of financing where it is desirable to take security over all of the assets of a particular...
Overdrafts, term loans and revolving credit facilities
Overdrafts, term loans and revolving credit facilitiesThis Practice Note explains the features of three common types of loan facility:•overdrafts•term...
Bilateral, syndicated and club arrangements
Bilateral, syndicated and club arrangementsOne of the features used to categorise loans is the number of lenders involved. A loan involving one lender...
Negative pledges
Negative pledgesThis Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative...
The security agent
The security agent and security trust provisionsThe security agentIn a syndicated loan transaction, the security agent (sometimes also known as the...
Introductory guide to financial covenants
Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum...
Term Loan B facilities
Term Loan B facilitiesThis Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in...
What is OTC derivative contract clearing?
What is OTC derivative contract clearing?What is clearing?When an over-the-counter (OTC) derivative transaction between two counterparties is...
Introductory guide to asset finance
Introduction to asset financeWhat is asset finance?Asset finance is a method of providing financing for the purchase of particular tangible movable...
Incremental debt flexibility or accordion features
Incremental debt flexibility or accordion featuresWhat are incremental facilities?An incremental facility is feature included in a credit agreement...
Selling a loan by sub-participation
Selling a loan by sub-participationSub-participation is a means by which a lender can transfer its risk in a loan to another entity. It is used in the...
Associated legal terms
Back to back transaction
A transaction that has a mirror opposite transaction to it which replicates its obligations, liabilities and rights
Chose in action
A right to something such as a payment of a debt or other contractual right that can be recovered through legal action
Incremental facilities
Incremental facilities are also sometimes known as accordion facilities and refer to a mechanism in the facilities agreement under which, provided certain conditions are met such as pro forma compliance with a leverage test, lenders under the facilities agreement who wish to do so can lend additional debt. The terms of the additional debt will typically be documented in an increase notice. Accordion or incremental debt should be distinguished from structural adjustment which typically requires the consent of the syndicate. Borrowing under the incremental facility mechanism only requires consent from participating lenders (provided the conditions are met).
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