Loan Markets Association (LMA) and transition to Risk Free Rates

The Loan Markets Association has provided updated templates for the transition of LMA style agreements from LIBOR to Risk free rates, these are available to borrowers across Europe, the Middle East, and Africa. However, do you understand the intricacies of Risk Free Rates and the consequences for your loan?

Who this service is for

Are you up to speed with overnight risk free rates such as SONIA and SOFR  do you need guidance and a better understanding of your situation? Look no further…

Key benefits

  • Connect with an experienced lawyer quickly and simply
  • Get a qualified opinion on your issue/s
  • Upfront and transparent pricing

What happens after purchase?

Your lawyer will onboard you (KYC, conflicts checks, and client care letter - if applicable)
You send supporting material to the lawyer ahead of the meeting
Consultation takes place
Lawyer sends an email to summarize high level points from the conversation and quotes for any further work required
Leave a review and testimonial of your experience for future customers

FAQ’s

What the service will cover
  • Initial consultation to align objectives
  • A review of your LMA agreement and provisions dealing with Risk-Free rates and relevant advice
  • Follow up email outlining the service
What the service excludes
  • Drafting of an LMA Agreement
  • Third-Party Negotiations
What you need to provide
  • A copy of your existing documentation including the LMA Agreement
  • The first step after the purchase will be to provide verification of your identity and supply the following documentation so your adviser can carry out their ‘Know Your Customer’ (KYC) and ‘Anti-Money Laundering’ (AML) checks. Please have the following at hand but note that this may not be a complete list:
    • Company name, VAT number (if applicable), registration number
    • Key contacts and associated contact details including email and mobile
    • The names and home addresses of all directors
    • Home utility bill (no more than 3 months old) and passport for every person who owns or controls more than 25% of the voting rights of your business
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Parminder Bains
Aria Grace

Parminder is a financial services lawyer with over 28 years professional experience working on a bro...

£750.00 +VAT

Sold By: Parminder Bains
Name(Required)

28 years experience across

Financial Services

Not sure what you’re looking for?

Let us match you with a legal advisor

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A man in a navy tie looking sternly at the camera
Parminder Bains
Aria Grace

Parminder is a financial services lawyer with over 28 years professional experience working on a bro...

£750.00 +VAT

Sold By: Parminder Bains
Name(Required)

28 years experience across

Financial Services

Not sure what you’re looking for?  Let us match you with a legal advisor