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We welcome the fact that the LMA, together with the Association of German Treasurers, has proposed a standard (“established” – as Finance Magazine writes – is probably a little premature). In any case, this is a good orientation and a good starting point for new issuers. Experienced issuers and those with very good credit standing will initially want to stick to their own proven documentation. Such issuers will also find the 27 pages quite voluminous… If the standard actually establishes itself, one could indeed raise further efficiencies on the platform by storing it as an electronically configurable template.