A participant in an LSTA-Form participation agreement should have good reason to move away from automatic stay and increase their participation in a direct transfer of the underlying loan (provided the participant has the right to hold the loan as a direct transferee under the underlying credit contract or the applicable borrower`s agreement).28 It is not uncommon for final purchasers to attempt to enter into agreements.28 At the LMA. amend these documents to allow for the transfer of an advantageous borrower. , the economic interest of the loan to address this extended credit risk, in accordance with the documentation of the LMA form. Before engaging with a counterparty on essential terms, the LSTA and the LMA provide that the parties use a confidentiality agreement.9 Such a confidentiality agreement will generally allow the seller to provide the purchaser with confidential information related to the loan agreement, which will give the buyer the opportunity to perform the due diligence before the obligation to purchase. The LSTA and LMA also have a core form of the confidentiality agreement that allows the parties to execute, in subsequent credit transactions, a schedule of confidentiality agreement specific to the corresponding credit agreement to which the underlying loan to which the sale or purchase is involved relates. To the extent that, in the context of an LMA loan transaction, the seller rejects his buyer for all the former sellers of the loan with respect to certain insurance, the buyer has reluctant against his direct seller because of a violation of these guarantees, that such a violation is related to an act (or inaction) or the status of the seller concerned. This documentation method offers some advantages and disadvantages for purchasers compared to LSTA trades. An obvious advantage for such a buyer is that a buyer who obtains credits according to the LMA documentation must pay less attention to transactions in difficulty. According to the LMA`s troubled documentation, the rights to previous transfer contracts are not transferred, so no other predecessor transfer documents will be made available to the purchaser for verification. One drawback is that the buyer`s recourse is entirely limited to his immediate seller.