LMA updates legacy transition agreement as deadlines loom

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LMA updates legacy transition agreement as deadlines loom

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Business loan agreement or legal document concept : Fountain pen on a loan agreement paper form. Loan agreement is a contract between a borrower and a lender, a compilation of various mutual promises. | William W. Potter - stock.adobe.com

The Loan Market Association has updated documentation around shifting legacy loan agreements from Libor to risk-free rates, with the trade body warning that there is only a short time frame left before major deadlines in the transition.

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