Verbal Lending Agreement

Accordingly, in the absence of a commercial confirmation, the parties (i) must confirm that the parties they are facing are familiar with the LSTA standard conditions or other relevant sectoral activities and intend to work within the framework of these guidelines; (ii) be proactive where a counterparty issues, during or after the trading period, a notification which could be interpreted as evidence that no binding agreement yet exists; and (iii) exercise particular caution when dealing with counterparties and persons with whom they do not normally act. The key to avoiding any dispute is to clarify and clarify your intent – and the accuracy of your counterparty. .