Developing Industry Best Practices: Introduction To The Master Trade Loan Agreement
September 16, 2014
Michael Evan Avidon will join a panel of industry professionals in a webinar discussing the development of the Master Trade Loan Agreement and its importance in commerce.
Bank to Bank Trade Loans have been offered by lender banks to borrower banks for many years, but each lender has had their own documentation. At the request of BAFT's Global Trade Industry Council, an international coalition of BAFT members was assembled to clarify definitions, create uniform terminology and standardize documentation to make this trade product understandable to not only industry practitioners, but also to regulators and investors. The result was a bank to bank Master Trade Loan Agreement (MTLA) under English law drafted by Berwin Leighton Paisner LLP, UK and another under New York law drafted by Moses & Singer.
The session will begin at 11:00 AM EST.