Loan documentation – change to "Screen Rate" definition

The Loan Market Association (LMA) has published a note discussing the IBOR definitions in the LMA Primary Documents.

The ACT has been working with the LMA to review IBOR definitions in light of the Wheatley Review of LIBOR and associated developments.

The LMA note suggests a revised version of the definition of "Screen Rate" that corporate treasurers may wish to use in place of that contained in the currently published forms of LMA Primary Documents.