LMA produces SSD docs, user guide

LMA
By Silas Brown
31 Oct 2018

The Loan Market Association on Wednesday published a user guide for Schuldschein deals in a move that market participants said will make the market more approachable to international borrowers while maintaining its culture and standards.

“The recommended forms of Schuldschein loan agreements preserve the essence and basic principles of traditional German Schuldschein documentation,” said Neil Weiand, a Linklaters partner. “This balances the interests of lenders and borrowers and anticipates future documentary requirements, such as screen rate replacement mechanics while enhancing the effectiveness of ...

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