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The Loan Market Association (LMA) was formed in December 1996 and is based in London, UK. [1] Its initial aim was to develop the secondary loan market in Europe by creating industry best practices and standard documentation. [1] The LMA is active in the primary market as well as the secondary market.
The LMA engages with its members, market participants and various stakeholders to tackle industry-wide issues and concerns and works with tax authorities, government bodies and a variety of national, European and US regulators. [2] [3]
The LMA has over 770 members from 67 different jurisdictions. [4] Members pay a subscription fee to the LMA in exchange for predefined membership benefits. [5]
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