up
Name of Document FormatsDate Revised Markup
Name of DocumentNovember 2014 revisions summary noteFormatsPDFDate Revised12/11/2014MarkupPDF
Name of DocumentNote to members on withdrawal of recommended mandatory costsFormatsPDFDate Revised24/04/2013MarkupPDF
Name of DocumentMember alert - sovereign obligor guidance noteFormatsPDFDate Revised07/06/2024MarkupPDF
Name of DocumentLMA supplementary note on documentary implications of Brexit for LMA facility documentationFormatsPDFDate Revised12/09/2018MarkupPDF
Name of DocumentLMA Revised Replacement of Screen Rate Clause and considerations in respect of credit adjustment spreadsFormatsPDFDate Revised07/08/2019MarkupPDF
Name of DocumentLMA Recommended Timeline for Settlement of Primary Syndication of Leveraged Transactions Incorporating Fault Based Delayed Settlement CompensationFormatsPDFDate Revised17/04/2024MarkupPDF
Name of DocumentLMA note on the Basel III liquidity coverage ratio and loan documentationFormatsPDFDate Revised13/07/2011MarkupPDF
Name of DocumentLMA note on supplement to finance parties' rights clause in LMA facility documentationFormatsPDFDate Revised28/10/2015MarkupPDF
Name of DocumentLMA note on sovereign obligor considerationsFormatsPDFDate Revised07/06/2024MarkupPDF
Name of DocumentLMA note on QFC Stay Rules and syndicated loansFormatsPDFDate Revised16/05/2019MarkupPDF
Name of DocumentLMA note on IBORFormatsPDFDate Revised30/07/2013MarkupPDF
Name of DocumentLMA note on documentary implications of Brexit for LMA facility documentationFormatsPDFDate Revised06/09/2016MarkupPDF
Name of DocumentLMA note on documentary implications for the replacement of TARGET2FormatsPDFDate Revised16/02/2023MarkupPDF
Name of DocumentLMA Note on Coronavirus Large Business Interruption Loan SchemeFormatsPDFDate Revised25/06/2020MarkupPDF
Name of DocumentLMA note discussing the impact of LIBOR transition to ICE on the legacy LMA LIBOR definitionsFormatsPDFDate Revised23/01/2014MarkupPDF
Name of DocumentLMA Erroneous Payment ClauseFormatsPDFDate Revised30/06/2021MarkupPDF
Name of DocumentLMA Brexit documentary implications – Consolidated and Updated Note FormatsPDFDate Revised19/11/2020MarkupPDF
Name of DocumentLIBOR code of conduct and revised LMA facility documentation guidance noteFormatsPDFDate Revised12/11/2014MarkupPDF
Name of DocumentLegacy 2012 FATCA guidanceFormatsPDFDate Revised09/02/2012MarkupPDF
Name of DocumentJurisdiction clauses in LMA facility documentationFormatsPDFDate Revised24/01/2013MarkupPDF
Name of DocumentICE LIBOR and EURIBOR refixing policies and LMA facility documentationFormatsPDFDate Revised01/06/2016MarkupPDF
Name of DocumentGuidance note: United States and European Union sanctionsFormatsPDFDate Revised06/12/2018MarkupPDF
Name of DocumentEONIA – planned change in methodology and discontinuationFormatsPDFDate Revised01/05/2019MarkupPDF
Name of DocumentDrafting Guide for Use in Relation to the Incorporation of Provisions Relating to the Use of Compounded Risk-Free Reference Rates into LMA DocumentationFormatsPDFDate Revised28/05/2021MarkupPDF
Name of DocumentDAC6, MDR and LMA recommended forms of facility documentationFormatsPDFDate Revised02/05/2024MarkupPDF
Name of DocumentAuditor choice provisions in LMA facility documentation guidance noteFormatsPDFDate Revised12/11/2014MarkupPDF
Name of DocumentA guidance note on FATCA for agents in Model II IGA jurisdictionsFormatsWordDate Revised25/09/2014MarkupPDF
Name of Document2014 summary note on FATCAFormatsWordDate Revised21/12/2018MarkupPDF
Name of Document€STR publication and changes to EONIAFormatsPDFDate Revised02/10/2019MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentREF Term Sheet for Multiproperty Investment TransactionsFormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentREF Term Sheet for Euro Term Facility Agreement (German law, German language)FormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentREF Term Sheet for Euro Term Facility Agreement (German law, English language)FormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentREF Term Sheet for Development TransactionsFormatsWordDate Revised20/03/2020MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentSenior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance TransactionsFormatsPDFDate Revised22/03/2023MarkupPDF
Name of DocumentLMA Senior Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions (with/without observation shift)FormatsWordDate Revised01/09/2022MarkupPDF
Name of DocumentLMA REF Investment Term Sheet (RFR) FormatsWordDate Revised28/04/2022MarkupPDF
Name of DocumentLMA REF Investment Facility Agreement with Day One RFRs - redline against LIBOR versionFormatsPDFDate Revised06/05/2022MarkupPDF
Name of DocumentLMA REF Investment Facility Agreement with Day One RFRsFormatsWordDate Revised28/04/2022MarkupPDF
Name of DocumentLMA REF Development Term Sheet (RFR)FormatsWordDate Revised28/04/2022MarkupPDF
Name of DocumentLMA REF Development Facility Agreement with Day One RFRsFormatsWordDate Revised28/04/2022MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUsers Guide to the German Law version of form of Facility Agreement for use in Real Estate Finance Multiproperty Investment TransactionsFormatsPDFDate Revised26/08/2020MarkupPDF
Name of DocumentUsers Guide to the German Law (German language) version of form of Facility Agreement for use in Real Estate Finance Multiproperty Investment TransactionsFormatsPDFDate Revised26/08/2020MarkupPDF
Name of DocumentUser Guide to Real Estate Finance Multiproperty Investment Facility AgreementFormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentUser Guide to Real Estate Finance Development Facility AgreementFormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations in LMA real estate finance documentation FormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentSingle Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment TransactionsFormatsWordDate Revised01/07/2020MarkupPDF
Name of DocumentSingle Currency Term Facility Agreement for Real Estate Finance Development TransactionsFormatsWordDate Revised01/07/2020MarkupPDF
Name of DocumentREF Financial Covenant Cure RiderFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentDomestic Benchmark Slot-in SchedulesFormatsWordDate Revised28/02/2020MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentSenior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance TransactionsFormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentLIBOR transition considerations overview for wider LMA document suiteFormatsPDFDate Revised30/03/2021MarkupPDF
Name of DocumentLIBOR transition considerations in LMA real estate finance documentation FormatsPDFDate Revised30/03/2021MarkupPDF

Facility Agreements

Name of Document FormatsDate Revised Markup
Name of DocumentREF Financial Covenant Cure RiderFormatsWordDate Revised21/12/2018MarkupPDF
Name of DocumentMark-up of the new Senior Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions as against the Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions FormatsPDFDate Revised20/03/2020MarkupPDF
Name of DocumentLMA Senior Single Currency Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions FormatsWordDate Revised20/03/2020MarkupPDF
Name of DocumentDomestic Benchmark Slot-in Schedules FormatsWordDate Revised28/02/2020MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Intercreditor User Guide for Real Estate Finance Transactions (contractual subordination only)FormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentLMA Intercreditor User Guide for Real Estate Finance TransactionsFormatsPDFDate Revised21/12/2018MarkupPDF

Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentLMA Intercreditor Agreement for Real Estate Finance Transactions (contractual subordination only)FormatsWordDate Revised19/04/2023MarkupPDF
Name of DocumentLMA Intercreditor Agreement for Real Estate Finance TransactionsFormatsWordDate Revised19/04/2023MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentEuro Term Facility Agreement for Real Estate Finance Multiproperty Investment Transactions (German Language, German Law Version)FormatsWordDate Revised29/09/2022MarkupPDF
Name of DocumentEuro Term Facility Agreement For Real Estate Finance Multiproperty Investment Transactions (English Language, German Law Version)FormatsWordDate Revised29/09/2022MarkupPDF
up

Guidance

Name of Document FormatsDate Revised Markup
Name of DocumentUser Guide for Insurance Broker LetterFormatsPDFDate Revised21/12/2018MarkupPDF
Name of DocumentUser Guide - LMA REF Subordination AgreementFormatsPDFDate Revised07/12/2023MarkupPDF
Name of DocumentUser Guide - LMA REF Investment Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentUser Guide - LMA REF Duty of Care AgreementFormatsPDFDate Revised07/12/2023MarkupPDF
Name of DocumentUser Guide LMA REF Shareholder Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentUser Guide LMA REF Development Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentGuidance on the Register of Overseas Entities regimeFormatsPDFDate Revised28/11/2022MarkupPDF
Name of DocumentGuidance on the application of the Sustainability-Linked Loan Principles in real estate finance and real estate development financeFormatsPDFDate Revised10/03/2022MarkupPDF
Name of DocumentGuidance on the application of the Green Loan Principles in the real estate finance (REF) lending context – Retrofit projectsFormatsPDFDate Revised13/11/2020MarkupPDF
Name of DocumentGuidance on the application of the Green Loan Principles in the real estate finance (REF) investment lending context – Green buildingsFormatsPDFDate Revised13/11/2020MarkupPDF
Name of DocumentGuidance Note on the Building Safety Act 2022FormatsWordDate Revised18/04/2024MarkupPDF

Documentation

Name of Document FormatsDate Revised Markup
Name of DocumentLMA REF Subordination AgreementFormatsWordDate Revised07/12/2023MarkupPDF
Name of DocumentLMA REF Shareholder Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentLMA REF Investment Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentLMA REF Duty of Care AgreementFormatsWordDate Revised07/12/2023MarkupPDF
Name of DocumentLMA REF Development Security AgreementFormatsWordDate Revised20/06/2022MarkupPDF
Name of DocumentLMA Insurance Broker LetterFormatsWordDate Revised21/12/2018MarkupPDF
up
Name of Document FormatsDate Revised Markup
Name of DocumentThe LMA Recommended Form of Bail-in Clause and Users GuideFormatsWordDate Revised24/04/2019MarkupPDF
Name of DocumentThe LMA Recommended Form of Bail-in Clause and Users Guide FormatsWordDate Revised15/04/2021MarkupPDF
Name of DocumentLSTA Form of Bail-In ClauseFormatsWordDate Revised01/04/2020MarkupPDF
Name of DocumentJoint LMA and LSTA Statement on the Publication of the LMA and LSTA Bail-In ClausesFormatsPDFDate Revised22/12/2015MarkupPDF
Name of DocumentEU Bail-in Legislation ScheduleFormatsPDFDate Revised28/01/2019MarkupPDF
Name of DocumentEU Bail-in Legislation Schedule FormatsPDFDate Revised10/03/2021MarkupPDF

These Materials (which term includes, where the context permits, text, content, spreadsheets incorporating macros and electronic interfaces, and their underlying assumptions, conversions, formulae, algorithms, calculations and other mathematical and financial techniques) are made available to members of the Loan Market Association in accordance with the byelaws of the Loan Market Association (a copy of which is available here) to facilitate the documentation of transactions in the loan markets. None of the Loan Market Association, Allen & Overy or Clifford Chance accept any responsibility for any use to which these Materials may be put or for any loss, damage or liability whatsoever arising from such use. None of the Loan Market Association, Allen & Overy or Clifford Chance has reviewed the laws of any jurisdiction which may apply to either party to an agreement using these Materials and its subject matter. Members should therefore consider all the relevant legal, accounting and regulatory issues before using these Materials or entering into a transaction under them and, if appropriate, consult their professional advisers.

In relation to recommended form documents, members are responsible for ensuring that the precise form and content of the documentation for a particular transaction is appropriate. Members should therefore satisfy themselves that the documents and any modifications to them are appropriate in the circumstances and the economic intentions of the parties.

The Loan Market Association consents to the use, reproduction and transmission of these Materials by members of the Loan Market Association only for the Permitted Purpose as set out in the byelaws (a copy of which is available here). The Loan Market Association does not consent to the use, reproduction or transmission of these Materials for any other purpose, in any other manner or by any other person and expressly reserves all other rights.

For further information on members' rights and obligations in relation to these Materials, please refer to the articles of association and byelaws of the Loan Market Association (copies of which are available here) or contact the Loan Market Association at lma@lma.eu.com.