International Loan Documentation

Course overview 'International Loan Documentation' is an intensive course that covers all aspects of a loan transaction, concentrating particularly on the agreement itself and on the legal implications of a properly drafted and incorrectly drafted document. Delegates will be taken step-by-step through the process of documenting a loan, from the early stages of pre-contractual issues, letters of commitment and written offers, through to administrative provisions, representations, covenants, defaults, transfer provisions, guarantees and the eventuality of insolvency. This is module one of the Loan Documentation Masterclass - attend both modules (Module 2 : Advanced Loan Documentation) and save US$1,920. Summary of course content Start from pre-contractual issues and explore the key clauses in a loan agreement Spot key issues and deal with comments Avoid conflicts between representations, conditions precedent, undertakings and events of default Review the loan agreement in different commercial situations: Project corporate and asset based financings Review contractual support arrangements Examine common intercreditor arrangements Methodology This course is both practical and interactive. It has been designed to be immediately relevant to lawyers and bankers involved in loan documentation. Through a series of formal lectures, group discussions and workshops, delegates will cover all aspects of loan transactions, concentrating particularly on the agreement itself. Who should attend this training course? In-house lawyers in banks and financial institutions Bankers concerned with the negotiation of loans Bank executive involved in the documentation of loans Lawyers in private practice who advise clients on loan agreements Corporate counsel Credit control officers Credit administration officers FTS-Eligible This programme is approved for listing on the Financial Training Scheme (FTS) Programme Directory and is eligible for FTS claims subject to all eligibility criteria being met. Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants’ business activities or job roles. The FTS is available to eligible entities, at a 50% funding level of programme fees subject to all eligibility criteria being met. FTS claims may only be made for programmes listed on the FTS Programme Directory with the specified validity period. Please refer to www.ibf.org.sg for more information. Please note that this course is only eligible for FTS Funding when registering for all modules.
MODULE 1: INTERNATIONAL LOAN DOCUMENTATION Day 1 The most common structures of loan transactions Single banks and syndicated loans Term loans and revolving credit facilities Single currency and multi-currency facilities Loan and guarantee facilities Secured and unsecured facilities Workshop: Common expressions used in International Banking (part I) Term sheet What issues should it address? How much detail should it contain? Is it intended to create a legally binding commitment? Interbank markets Interest period and interest rates Match funding Broken funding costs Loan agreement overview Structure of the document Principal concerns Drawdown procedure Interest rate and interest periods Repayment, prepayment and cancellation Payment provisions Representations and warranties Positive and negative covenants Day 2 Workshop: Common terms of the loan market - boilerplate provisions, tax, administrative provisions, and events of default Indemnities Set-off clause Jurisdiction and governing law provision Syndicated loans Relationships between the banks The Agency Clauses Loan transfers Novations Assignments Subparticipations Credit derivatives Due diligence Due diligence issues Where to conduct due diligence Legal opinions Guarantees Vires and directors' duties Vulnerability in insolvency Guarantors' rights Common provisions of a guarantee Workshop: Common expressions used in International Banking (part II) Other security Mortgages, charges and pledges Fixed and floating charges Clawback Module 2: Advanced Loan Documentation