Article in Finance Magazine: LMA Establishes New Promissory Note Standard

• To the article Finance Magazine

We welcome the fact that the LMA, together with the Association of German Treasurers, has proposed a standard (“established” – as the Finance Magazine writes – is probably a bit 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 with their proven documentation. Such issuers will also find the 27 pages to be quite lavish… If the standard actually becomes established, further efficiencies could indeed be leveraged on the platform by storing it as an electronically configurable template.