We strive to constantly check our documentation to ensure that it continues to meet the objectives and needs of the primary and secondary markets. At the end of 2017, participants from different market segments concluded that it would be beneficial to develop a recommended form of debt credit agreement to support the growing economic importance of debt credit while protecting the nature of debt documentation. They formed a working group composed of representatives of the LMA, the Federation of German Treasurers – VDT, German and international national banks (including domestic lawyers) and wholesale firms active in the promissable note market. We are widely regarded as the body responsible for setting guidelines for the EMEA syndicated loan market. These are of general scope and concern both primary and secondary markets. .