Lehman provisions and Main Page: Difference between pages

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''Borrowing and lending - documentation - finance party default - Loan Market Association (LMA).''
===Welcome  to the Treasurer's Wiki===


Lehman provisions are parts of loan agreements designed to address the risk of default by a lender or an agent bank.
This wiki is maintained by the Association of Corporate Treasurers for the treasury community. The ACT has been a strong voice for the treasury community for over 30 years and as the profession develops and becomes every more important in the operation of corporate business, we extend our support and services to the thousands of professionals working across the world to minimise business risk and match the finances against the strategic aims of the business.


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:<span style="color:#4B0082">'''''Commentary on the Lehman provisions'''''</span>
<div class="greybox">{{Special:ContributionScores/10/30}}</div>


:"The risk of finance party default under a loan agreement is a risk factor that the loan market moved swiftly to address following the collapse of Lehman Brothers.
<div><h3>All pages</h3><hr>{{Special:AllPages}}</div>
 
:The LMA’s response was to create a set of optional 'Finance Party Default' clauses, which were first published in 2009.  These are often colloquially referred to as the 'Lehman provisions'...
 
 
:Most of the Lehman provisions are a welcome addition to facility documentation for borrowers.
 
:They are widely used and, generally speaking, the main concepts addressed by the LMA drafting will be familiar to those who have negotiated loan documentation since 2009.
 
:This might suggest that the most commonly used aspects should be incorporated into the Investment Grade Agreements..."
 
:''The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 6th edition - 2022 - p377.''
 
 
== See also ==
* [[Default]]
* [[Defaulting lender]]
* [[Documentation]]
* [[Event of default]]
* [[Facility]]
* [[Finance party default]]
* [[Impaired agent]]
* [[Investment Grade Agreements]]
* [[Lehman ]]
* [[Loan agreement]]
* [[Loan Market Association]]  (LMA)
* [[Provision]]
 
 
==Other resource==
 
* [https://www.treasurers.org/best-practice/borrowers-guide-LMA-investment-grade-agreements The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 2022 - p377]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 12:55, 14 June 2013

Welcome to the Treasurer's Wiki

This wiki is maintained by the Association of Corporate Treasurers for the treasury community. The ACT has been a strong voice for the treasury community for over 30 years and as the profession develops and becomes every more important in the operation of corporate business, we extend our support and services to the thousands of professionals working across the world to minimise business risk and match the finances against the strategic aims of the business.

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Special:ContributionScores/10/30

All pages

(B)/W to Advance payment
Advance payment bond to BE
BEAPFF to Bond mandate
Bond market index to CNP
CNS to Charitable status
Chart to Constant exchange rate
Constant maturity credit default swap to Current rate
Current rate method to Digital bond
Digital capital market to ERS
ESA to European Venues and Intermediaries Association
European currency unit to Final settlement
Final transfer to G-SIB
G-SIFI to Guide To Risk Management
Guide to risk management to IMM
IMMFA to Interest rate parity
Interest rate risk to Large-value funds transfer system
Large-value payments to MT102
MT940 to My word is my bond
Myers-Briggs to Null hypothesis
Numerator to PRINCE2
PROC to Premium
Premium Listing to RMB
RMBS to Revaluation model
Revaluation reserve to Safekeeping
Safety margin to Special resolution
Specialist to TBL
TBTF to Transaction exposure
Transaction matching application to Usance letter of credit
Use-of-proceeds to Zombie company
€STR to €STR average rates
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