Unrivalled for clarity, authority and cost effectiveness, the CLP Legal Practice Guides explain in detail the principles of each area of legal practice. Each title is complemented by worked examples, checklists, model forms and relevant legislation.

Published annually, these user-friendly guides are ideal points of reference for students studying the Legal Practice Course and for practitioners, whether newly qualified or as a means of keeping up with the latest developments.

Banking and Capital Markets is a practical guide to a field perennially influenced by both legal and market forces. The text is divided into three parts: Part I provides a clear and accessible explanation of the fundamentals behind drafting loan facility documentation; Part II provides a thorough examination of secured lending, which is probably the most legally complex area of the banking solicitor's practice; and Part III provides a straightforward introduction to capital markets financing, including the process of issuing a stand-alone bond.

This new edition has been revised to take account of recent legislative and procedural changes.

Contents

Raising Finance: An Overview
Facility Agreements
Due Diligence, Commitment Letters and the Term Sheet
Plain Vanilla or Bells and Whistles?
When, Who, Where, What and Why?
Representations
A Review of Company Accounts
Undertakings
Events of Default
Boiler Plate, Mechanics and Miscellaneous Clauses
Novation, Assignment and Sub-participation
Drafting Tips
Secured Lending
Common Forms of Security
Quasi-security
Further Issues on Taking Security
Security Documentation – Debentures
Legal Opinions
Capital Markets
Introduction to International Capital Markets
The Forms and Legal Characteristics of a Bond
Issuing a Bond – The Parties and Documentation
Bond Prospectus and Listing Particulars
Issuing a Bond – The Process
Glossary