Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

LIBOR definition

What does LIBOR mean? In legal practice, LIBOR (the London Interbank Offered Rate) is the benchmark interest rate historically used in loans, bonds and derivatives to set floating interest. It was produced daily from panel-bank submissions of estimated unsecured wholesale funding costs in the London interbank market. LIBOR is not a statutory definition; it is a descriptive benchmark term used across finance documents and regulated as a “benchmark” under the UK and EU Benchmarks Regulation. For sterling and most other currencies, panel-bank LIBOR ceased on 31 December 2021; US dollar LIBOR ceased on 30 June 2023. In the UK, the FCA temporarily required “synthetic”...

Banking and Finance Transactions: Practical Checklists, Flowcharts and Timelines for Lending, Security, Intercreditor, Acquisition/Asset/Real Estate Finance, Capital Markets, Derivatives, Securitisation, Restructuring and Claims

Published by a LexisNexis Banking & Finance expert

Practice notes

Banking & Finance—checklists and flowcharts

Lending

Amending a facility agreement—checklist: This checklist identifies matters to verify when revising a facility agreement from the lender’s standpoint, and ensuring compliance with agreed terms and market standards.
Drafting a compounded risk-free rate loan: checklist: Presented in table format, this checklist highlights considerations when drafting or updating a facility agreement to operate on a compounded risk‑free rate (RFR) such as SONIA. It explains the intent of key provisions, flags issues to weigh up, and offers drafting pointers for practitioners.
Drafting a confidentiality agreement (disclosing party)—checklist: Use this checklist when preparing a confidentiality agreement (also referred to as a non-disclosure agreement or NDA) where you are the party sharing confidential information under the agreement.
Reviewing a confidentiality agreement (receiving party)—checklist: Use this checklist when assessing a confidentiality agreement (also referred to as a non-disclosure agreement or NDA) where you are the party receiving confidential information under the agreement.
Checklist: practical first steps if your company is considering borrowing money: This checklist outlines practical initial steps to consider if a company is thinking of borrowing funds and related documentation. It is intended for lawyers or business people who are not familiar with banking and finance transactions...

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Web page updated on 21/05/2026

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