Standard Repackaging Documentation
Simmons & Simmons has worked with the Arrangers and leading service providers to produce market standard documentation for use in listed and unlisted repackaging transactions.
Open Source: the Standard Repackaging Documentation is available in a centralised, free and accessible library.
- Consistent approaches to documentation - harmonisation of approaches to documentation will increase comparability of products offered to investorss by different arrangers
- Execution efficiency and reduced costs - standardisation of documentation will lead to increased execution efficiency as well as reduction of execution costs
- Market initiative - the development of consistent documentation is expected to lead to a greater awareness of the repackaging market and assist in its growth and development
- Provision for timely replacement of transaction parties - provide a mechanism for the timely replacement of the swap counterparty and of service providers where required