Banking and Capital Markets 2024

Name: Banking and Capital Markets 2024 | Legal Practice Course Guides (LPC)
Brand: The University of Law Publishing Limited
Price: 81.99 EUR
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Legal Practice Course Guides (LPC)

University of Law(Autor*in)

The University of Law Publishing Limited

Erschienen am 31. Januar 2024

294 Seiten

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Beschreibung

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Inhalt

Intro
Title Page
Copyright
Preface
Contents
Table of Cases
Table of Statutes
Table of Secondary Legislation, Accounting Standards and Rules
Table of Abbreviations
Chapter 1 Raising Finance: An Overview of Players and Products
1.1 Introduction
1.2 Borrowers
1.3 Lenders
1.4 A Bank is a Bank is a Bank
1.5 The Finance Solicitor's Role
1.6 Perspectives
Part I Facility Agreements
Chapter 2 Due Diligence, Commitment Letters and The Term Sheet
2.1 Introduction: Understanding The Context
2.2 Due Diligence
2.3 The Term Sheet and Commitment Letter
2.4 What Should The Commitment Letter Cover?
2.5 What Should a Basic Term Sheet Cover?
2.6 Legal Effect of The Term Sheet
2.7 Private Equity Term Sheets
2.8 From Commitment Documents To Loan: Duty To Negotiate In Good Faith?
2.9 Sample Term Sheet
2.10 Confidentiality Letter
Chapter 3 Plain Vanilla Or Bells and Whistles?
3.1 Introduction
3.2 Common Types of Facility
3.3 Syndicated Facilities
3.4 Leveraged Acquisition Facilities
3.5 Other Forms of Short-Term Lending
3.6 Which Facility is Appropriate?
3.7 Anatomy of a Facility Agreement
3.8 Matched Funding
3.9 Further Reading
Chapter 4 When, Who, Where, What and Why?
4.1 Introduction
4.2 Date
4.3 Parties
4.4 Interpretation/Definitions
4.5 The Facility
4.6 Purpose Clause
4.7 Conditions Precedent
4.8 Availability
4.9 Floating Rate Interest
4.10 Fixed Rate Interest
4.11 Interest Periods
4.12 Apportionment: The 'Day Count Convention'
4.13 Ratchets
4.14 Hedging
4.15 Default Interest
4.16 Basis
Chapter 5 Representations
5.1 Introduction
5.2 Representations In a Facility Agreement
5.3 Representations - The Bank's Perspective
5.4 Representations - The Borrower's Perspective
5.5 Representations In Contract Law
5.6 Conclusion
Chapter 6 a Review of Company Accounts
6.1 Introduction
6.2 Financial Statements
6.3 The Balance Sheet
6.4 Income Statement
6.5 Directors' Report, Auditor's Report, and Notes To The Accounts
6.6 Cash Flow Statements
6.7 Consolidated Accounts
6.8 Management Accounts
6.9 Accounting
Chapter 7 Undertakings
7.1 Introduction
7.2 What is An Undertaking?
7.3 Financial Covenants
7.4 Information Undertakings
7.5 General Undertakings
7.6 Undertakings - The Bank's Perspective
7.7 Undertakings - The Borrower's Perspective
Chapter 8 Events of Default
8.1 Introduction
8.2 Why Have Events of Default?
8.3 Common Events of Default
8.4 Events of Default and Other Clauses
8.5 Action On Default
8.6 Grace Periods, Defaults and Potential Events of Default
8.7 Events of Default - The Bank's Perspective
8.8 Events of Default - The Borrower's Perspective
Chapter 9 Boiler Plate, Mechanics and Miscellaneous Clauses
9.1 Introduction
9.2 Repayment, Prepayment and Cancellation
9.3 Margin Protection
9.4 Costs and Expenses
9.5 Fees
9.6 Remedies, Waivers, Partial Invalidity and Amendments
9.7 Force Majeure
9.8 Governing Law and Jurisdiction
9.9 Miscellaneous
9.10 Schedules
9.11 Execution
9.12 Us and English Law Loan Facilities
Chapter 10 Novation, Assignment and Sub-Participation
10.1 Introduction
10.2 Why Sell a Loan?
10.3 Moving Rights and Obligations
10.4 Selling Assets
10.5 Global Transfer Agreement
10.6 The Loan Market Association ('Lma')
10.7 Tax Implications
10.8 Financial Services and Markets Act Implications
10.9 Borrower Transfers
10.10 Other Jurisdictions
10.11 Securitisation
10.12 Asset Sales - The Bank's Perspective
10.13 Asset Sales - The Borrower's Perspective
10.14 Further Reading
Chapter 11 Drafting Tips
11.1 Introduction
11.2 Creating The Document
11.3 The Aims of Drafting
11.4 Templates and Precedents
11.5 Drafting Techniques
11.6 Key Words
11.7 Time Computations
Part II Secured Lending
Chapter 12 Common Forms of Security
12.1 Introduction
12.2 Categorising Security
12.3 Giving Rights Over Assets
12.4 Transfer of Ownership
12.5 Giving Physical Possession
12.6 Assignment
12.7 Some Terminology
12.8 Further Reading
Chapter 13 Quasi-Security
13.1 Introduction
13.2 Third Party Support - Guarantees and Comfort Letters
13.3 Negative Pledge
13.4 Retention of Title
13.5 Set-Off
13.6 Why Take Security?
13.7 Security - The Bank's Perspective
13.8 Security - The Borrower's Perspective
13.9 Further Reading
Chapter 14 Further Issues On Taking Security
14.1 Introduction
14.2 Perfection Through Registration
14.3 Priority of Security
14.4 Contractual Subordination
14.5 Tacking
14.6 Ruling Off Accounts
14.7 Fixed Or Floating Charge?
14.8 Hardening Periods
14.9 Capacity
14.10 Corporate Benefit
14.11 Financial Assistance
14.12 Applicable Law
14.13 Uncitral Model Law
14.14 Other Considerations On Taking Security
14.15 Further Reading
Chapter 15 Security Documentation - Debentures
15.1 Introduction
15.2 Structure of a Typical Debenture
15.3 Execution
Chapter 16 Legal Opinions
16.1 Introduction
16.2 What Are Legal Opinions?
16.3 Preamble
16.4 Assumptions
16.5 Opinion
16.6 Qualifications
16.7 Foreign Counsel Legal Opinions
16.8 Conclusion
Part III Capital Markets
Chapter 17 Introduction To International Capital Markets
17.1 Introduction
17.2 What is a Capital Market?
17.3 Domestic and Euromarkets
17.4 Debt and Equity Securities
17.5 Bonds and Notes
17.6 Other Debt Securities
17.7 Primary and Secondary Markets
17.8 Clearing Systems
17.9 International Capital Markets Association
17.10 The Issuers
17.11 Credit Rating
17.12 Further Reading
Chapter 18 The Forms and Legal Characteristics of a Bond
18.1 Introduction
18.2 The Form of a Bond
18.3 Legal Nature of a Bond
18.4 Comparing Registered and Bearer Bonds
18.5 The Legal Effect On Bearer Bonds Held In Clearing Systems
18.6 Further Reading
Chapter 19 Issuing a Bond - The Parties and Documentation
19.1 Introduction
19.2 Parties To a Bond Issue
19.3 Documentation of a Bond Issue
19.4 Terms and Conditions of a Bond
Chapter 20 Bond Prospectus and Listing Particulars
20.1 Introduction
20.2 Obtaining a London Listing
20.3 When is An Approved Prospectus Required?
20.4 Contents of a Prospectus
20.5 General Duty of Disclosure
20.6 Omission of Information
20.7 Liability For Prospectus and Listing Particulars
20.8 The 'Golden Belt' Case
20.9 Other Jurisdictions
Chapter 21 Issuing a Bond - The Process
21.1 Introduction
21.2 The Stages of a Bond Issue
21.3 Mandate
21.4 Due Diligence
21.5 Documentation
21.6 Marketing
21.7 Launch and Syndication
21.8 Listing
21.9 Signing
21.10 Closing
Glossary
Bibliography
Index

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