Loan Market Association
Encyclopedia
The Loan Market Association was formed in December 1996 and is based in London
, UK. Its initial aim was to assist in the development of the secondary loan market
in Europe
, which was in its infancy at that time. Its intention was to develop best practice and standard documentation. It achieved significant success and recognition in that area, and is now active in the primary as well as the secondary loan market.
Its members number over 250 and consist of banks, law firms, information and systems providers and other market participants.
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, UK. Its initial aim was to assist in the development of the secondary loan market
Secondary market
The page applies to the finanical term; For the merchandising concept, see Aftermarket .The secondary market, also called aftermarket, is the financial market where previously issued securities and financial instruments such as stock, bonds, options, and futures are bought and sold....
in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, which was in its infancy at that time. Its intention was to develop best practice and standard documentation. It achieved significant success and recognition in that area, and is now active in the primary as well as the secondary loan market.
Its members number over 250 and consist of banks, law firms, information and systems providers and other market participants.