ICMSA Publications

Bulletins are prepared by the ICMSA as a service and are intended for information purposes only. The ICMSA believes that the information in the bulletins is accurate and reliable but makes no representations or warranties, express or implied, as to accuracy and completeness.

With specific regard to the publications on Page 5, the details contained within the standard contract clauses are given in good faith and are believed to be correct.

Whilst efforts have been made to ensure that the information contained therein is correct, no liability can be accepted by the International Capital Markets Services Association for any errors or omissions. You are advised to consider the circumstances of the transaction carefully before using any of the standard clauses and to seek legal advice when entering into any form of contract or agreement.

The recommended standard clauses for MTN Agency Agreements are provided for information only and may be used as a template for the negotiation of such agreements.

 
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ICMSA Bulletin with respect to a Recommendation for the Paperless Processing of Put Options

ICMSA Bulletin with respect to a Recommendation for the Paperless Processing of Put Options

This recommendation proposes a move to electronic instructions only in relation to put option events for notes held in global form and deposited in...

 
ICMSA Bulletin with respect to recommendations for the completion of the Conditions Precedent to Closing as early as possible in the international primary market

ICMSA Bulletin with respect to recommendations for the completion of the Conditions Precedent to Closing as early as

There is a change on page one of the bulletin (providing information on large new issue transactions denominated in less liquid or ‘exotic’ cur...

 
ICMSA Bulletin regarding the importance of clarity around coupon payments for an adjusted or unadjusted interest period

ICMSA Bulletin regarding the importance of clarity around coupon payments for an adjusted or unadjusted interest period

The objective of this bulletin is to highlight the requirement that explicit wording is clearly stated in each issue’s base contractual terms.

 
ICMSA guide to the correct selection of the form of note for international debt securities when obtaining XS ISIN codes

ICMSA guide to the correct selection of the form of note for international debt securities when obtaining XS ISIN codes

The objective of this bulletin is to raise further awareness to market participants about the importance of selecting the correct form of note in t...

 
ICMSA Bulletin with respect to the Issuance of Euro Commercial Paper (ECP) or Euro Certificates of Deposit (ECD) with Embedded Options

ICMSA Bulletin with respect to the Issuance of Euro Commercial Paper (ECP) or Euro Certificates of Deposit (ECD) with

The ICSDs (Euroclear Bank SA/NV and Clearstream Banking Luxembourg) have noticed an increase in the number of ECP and ECD issuances in the internat...

 
ICMSA Bulletin - Global Tax Procedures – Tax Relief Procedure for Spain

ICMSA Bulletin - Global Tax Procedures – Tax Relief Procedure for Spain

There is a change on page two of the bulletin (the note under section 3. has been amended) to update BULLETIN – 140117/26 - Global Tax Procedures...

 
 
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