Charter for Euro Private Placements (Euro PP)

Industry guidance document

Introduction

The purpose of this industry guidance document, which is the result of cross-market work carried out by various actors (issuers, intermediaries and investors), is to produce a charter for developing Euro Private Placements (Euro PPs) and creating a benchmark market for them, both in France and internationally. It is built on existing practices in the bond and bank loan markets, as well as practices in other international private placement markets.

This Charter is intended to provide a non-binding framework of best practices that are essential for the development of Euro PPs. This document is intended for instructional purposes and is not a pro forma contract. Readers are reminded of the importance for each party of negotiating contractual terms, which may vary depending on the type of transaction, the borrower’s situation and market conditions.

This Euro PP Charter is designed to be adapted and supplemented as circumstances evolve.

Download the Euro PP Charter

A. Issues and Objectives
B. Definitions and Existing Formats
C. Parties, Documentation and Timetable
D. Key Processes – Recommendations

Appendices

Appendix 1: Information Memorandum Template
Appendix 2: Form of Non-Disclosure Agreement
Appendix 3: Terms and Conditions Template (bond format)
Appendix 4: Arranger’s Due Diligence Questionnaire Template

Signatories

Liste des organisations professionnelles soutenant la Charte Euro PP, élaborée à l’initiative de la Chambre de Commerce et d’Industrie de Paris IDF et sous l’égide de la Banque de France et du Trésor.