Post-completion checklist for lender’s lawyers: England and Wales loan transactions: security perfection, registrations, notices, conditions subsequent, undertakings, document bundles and fees

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Checklists

At completion

At completion, funds are transferred between the parties and the deal is treated as completed. For a straightforward corporate facility, this typically involves a movement of monies from the lender to the borrower. In other financing structures, such as acquisition or asset finance, monies will ordinarily pass from the lender(s) to the borrower or to an existing lender (where its loan is being refinanced) and then from the borrower, acting as purchaser, to the seller of the business or asset. Following completion, the lender’s solicitors must address several legal and practical tasks. This checklist sets out the principal items for the lender’s lawyers to handle post-completion, including:

perfecting security
addressing any conditions subsequent
complying with solicitors’ undertakings
managing the original documents and compiling transaction bundles, and
billing the client

These matters are pertinent to most transactions and apply equally to bilateral and syndicated facilities. For further detail, see Practice Note: Post-completion phase in loan transactions...

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Web page updated on 20/05/2026

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