SECONDARY TRADING OF DISTRESSED BANK DEBT: DOCUMENTATION AND CAUTIONS

Abstract

  This article aims to explain from a practical approach the mechanics of a sale process of bank debt at a discount, analyzing the circumstances that may jeopardize its successful close and the various steps to be taken towards such end, as well as the contractual documentation that needs to be entered into. All of it within the context of trades between sophisticated parties that opt to subject them to the contractual framework of the Loan Market Association.