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