Loan Market Association and Scrip issue: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Update links.)
 
imported>Doug Williamson
(Add reference to Scrip dividend.)
 
Line 1: Line 1:
(LMA).
An issue of bonus shares in proportion to existing shares held.


The Loan Market Association is a trade body for the Europe, Middle East and Africa (EMEA) [[syndicated loan]] market, founded in 1996 by banks operating in that market.
A 'one-for-one' scrip issue would mean that one new share was issued for each share held.  This would effectively halve the share price; each shareholder would still have the same share value.


Promoting loan markets in various ways, the LMA publishes model documentation and "market guidelines" for use in both primary and secondary markets with a view to achieving more standardisation of widely accepted market practice.
== See also ==
 
* [[Share split]]
 
* [[Scrip dividend]]
The [[Association of Corporate Treasurers]] (ACT) has supported the LMA's primary documentation initiative since its inception.
 
The LMA discusses its primary investment grade borrower documentation with the ACT prior to publication.
 
With [http://www.slaughterandmay.com/ Slaughter and May], ACT publishes [http://www.treasurers.org/loandocumentation commentaries] on the LMA primary documents.
 
 
==See also==
* [[An introduction to loan finance]]
* [[Documentation]]
* [[Documentation risk]]
* [[IGA]]
 
 
 
===Other links===
* [http://www.lma.eu.com/default.aspx The Loan Market Association website]
 
[[Category:Long_term_funding]]

Revision as of 21:59, 19 August 2013

An issue of bonus shares in proportion to existing shares held.

A 'one-for-one' scrip issue would mean that one new share was issued for each share held. This would effectively halve the share price; each shareholder would still have the same share value.

See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Loan_Market_Association&oldid=43260’