Market Flash - Updated LMA Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims) Effective 27 June 2017

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July 11, 2017

On 27 June 2017 the Loan Market Association (the "LMA") published an update to the Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims) (the "Standard Terms and Conditions") which amended certain provisions of the Buy-in/Sell-out mechanism contained in Condition 23.3 of the Standard Terms and Conditions (the "BISO provisions").

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