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Financial institution obtains advice regarding interest rate provisions of standard loan documentation

November 2019

Client(s) Financial institution

Jones Day advised a financial institution in relation to the interest rate provisions of their standard loan documentation with retail clients, SMEs, and public local authorities. In particular, Jones Day advised in: (i) drafting definitions of EONIA and EuroSTR (the new Euro Risk Free Rate) together with appropriate fallbacks; (ii) drafting a definition of EURIBOR; (iii) providing the institution with a legal memorandum on various issues relating to the EU Benchmarks Regulation.

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