However, a lack of consistency in terms of content and sufficient substantive impact has a negative impact on an investor`s ability to properly analyse risk at an important stage of the investment decision process. Based on feedback from their respective working groups, the LMA and ELFA have partnered with the investment community and specialist valuation providers to develop a list of provisions essential to investors` investment decisions. These provisions are clearly set out in this best practice guide and both the AML and elfa strongly recommend a detailed description of these provisions in the first draft term sheet. We published a revised draft agreement on the rate change system (retrospective without change of observation); new agreement on the rate change in the project (retrospective with observation lag); a revised commentary on tariff change agreements; the roadmap for tariff exchange agreements; and the RFR conditions to be used in addition to the revised replacement of the screen throughput language. The purpose of this document is to provide guidelines for syndicated credit transactions and leveraged financing transactions and, inter alia, to identify the types of facilities that are often seen in the credit market, the parties to a standard credit agreement and common methods used by lenders to transfer credit holdings. A robust and liquid secondary credit market is an important part of the health of the union credit market as a whole. In this context, this guide aims to assist market participants and their advisors involved in the granting and execution of syndicated loans in the primary market, by highlighting certain issues that may affect liquidity in the secondary market. The objective of this guide is to provide an overview of the role of the secondary market in the syndicated credit market and to identify, among other things, the participants active in the secondary credit market, the types of debt available, the typical anatomy of a trade and the different transfer mechanisms. We strive to constantly check our documentation to ensure that it continues to meet the objectives and needs of the primary and secondary markets.