RFR templates

Loan documentation - Loan Market Association (LMA).

Abbreviation for Risk Free Rate templates.

The RFR templates are recommended forms of loan facility agreement, referencing risk free rates.

They are published by the Loan Markets Association.

To assist treasurers approaching RFR-linked loans for the first time, Slaughter and May, in conjunction with the Association of Corporate Treasurers, have produced a Borrower’s Guide to the LMA’s RFR templates.

The Guide provides background to RFR lending terms from the borrower’s point of view, alongside a detailed commentary on the interest rate and related provisions of the RFR templates, highlighting aspects that borrowers might seek to adjust or negotiate.

See also

• An introduction to loan finance
• Association of Corporate Treasurers (ACT)
• Documentation
• Documentation risk
• Green Bond Principles
• Green Loan Principles
• IGA
• International Capital Market Association
• Loan Market Association (LMA)
• SONIA
• Sustainability-Linked Loan Principles (SLLP)

Other resource

• Borrower’s Guide to the LMA’s recommended forms of facility agreement for loans referencing risk-free rates (RFRs)