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Lending activities still dominate on core-business of financial institutions and banks, especially in terms of their Balance sheet and Income structure, as they account for more than 50% of Assets and generate major part of Interest income. This structure may slightly differ when it comes to Investment banking or Specialized lending vehicles, but speaking about commercial banking this assumption remains valid. Read more…
As opposed to local credit contracts that are usually drafted by in-house Lawyers of each Bank, there is also a standardized LMA credit contract, that was created by LMA, has pre-defined sections and content and is governed by UK Law. When two counterparties agree on LMA standard, then this provide quite a good comfort for […]