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 United Nations Environment Programme Finance Initiative (UNEP FI) has published guidance developed with the International Labour Organization and...
The European Parliament’s Legal Affairs Committee (JURI) has confirmed that it will vote on the proposed sustainability omnibus package (Omnibus I) on...
The European Securities and Markets Authority (ESMA) has launched a consultation on draft Regulatory Technical Standards (RTS) setting out the factors...
The European Securities and Markets Authority (ESMA) has published its second statement on the transitional application of revised MiFID II and MiFIR...
MLex: The Bank of England (BoE) is paying closer scrutiny to the stock prices of artificial intelligence (AI) companies and the exposure of UK banks...
Latest Banking & Finance Practice Notes
Weather derivativesWhat does this Practice Note cover?This Practice Note explains what weather derivatives are, their purpose and applications and the...
Signing and completion phase in loan transactionsTimingSigning and completion are important milestones in a loan transaction. There are two...
ICC standard rules and practices for commercial letters of credit—UCP and ISBPThe International Chamber of Commerce (ICC) has developed standard rules...
Discharging guarantees by repayment or performance and clawback considerationsThere are a number of circumstances in which the liability of a...
Introductory guide to high yield bondsWhat does this Practice Note cover?This Practice Note provides an introduction to high yield bonds. It looks...
Latest Banking & Finance Precedents
Closing language for ISDA Master Agreement Early Termination NoticesClosing languageIf you have any queries regarding this notice, please contact...
Deed of covenant: for a ship mortgageThis Deed is made on [insert day and month] 20[insert year]Parties1[insert name of Owner], a company incorporated...
Notice of Breach of Agreement (1992 ISDA Master Agreement (Multicurrency—Cross Border) or the 2002 ISDA Master Agreement provisions)Notice of breach...
Notice of a Tax Event/Tax Event Upon Merger (1992 ISDA Master Agreement (Multicurrency—Cross Border) or 2002 ISDA Master Agreement provisions)Notice...
Loan agreement—individualsDATE:Parties1[[name] of [address] [and [name] of [address]] OR [name] and [name] both of [address]] (Lender[s])2[[name] of...
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
Assignor
The entity disposing of an asset by an assignment.
Book debt
In the context of receivables, a sum of money which is payable by its debtors to a business in the ordinary course of its trade for the supply of goods or services.
Make whole
A make whole or a 'spens' provision, provides protection to bondholders in the event that the bonds are redeemed early. It compensates bondholders for the loss of opportunity to earn interest at the original rate if the bond had continued to maturity.
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