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Recent ICMA Primary Market Handbook (IPMA Handbook) items



Standard documentation and standard language II - ICMA Pro Forma Final Terms and Pricing Supplement for Medium Term Note Programmes

ICMA has published revised standard documentation and standard language II - ICMA Pro Forma Final Terms and Pricing Supplement for Medium Term Note Programmes.

March 2014 – 7-II – ICMA Pro Forma Final Terms and Pricing Supplement for Medium Term Note Programmes



Standard documentation and standard language XII – ICMA Pro Forma Retail Cascade Legends for Prospectuses and Base Prospectuses

ICMA has published revised standard documentation and standard language XII – ICMA Pro Forma Retail Cascade Legends for Prospectuses and Base Prospectuses.

March 2014 – 7-XII – ICMA Pro Forma Retail Cascade Legends for Prospectuses and Base Prospectuses



Recommendation 1.31 – Joint Leads without responsibility for the order book


ICMA has published revised Recommendation 1.31 on joint leads without responsibility for the order book.

December 2013 - Recommendation 1.31 – Joint Leads without responsibility for the order book



Note regarding the hard-copy version of the “IPMA” Handbook (a white loose-leaf four-ring A5 binder issued end 2006 / early 2007):
  • Four sets of pages to be inserted, “Insert A”, “Insert B”, “Insert C” and “Insert D” were respectively issued in July 2007, October 2010, July 2011 and June/July 2014.
  • Further sets of pages to be inserted will be issued once sufficient updates have accumulated (in terms of numbers of pages) to enable a print run. Holders of current ICMA Primary Market Handbook (IPMA Handbook) hard-copy subscriptions and registered holders of hard-copies within member free allowances are notified of ICMA Primary Market Handbook (IPMA Handbook) updates as they occur by e-mail to their then registered e-mail addresses.
  • For historical reference (ignoring consequential changes to index pages, etc.):
(a) Handbook updates subsequent to Insert A and covered by Insert B are: (i) Recommendation 1.30 (March 2009), (ii) Recommendation 1.31 (March 2010), (iii) amended Guidance Note 8 (December 2008), (iv) Guidance Note 19 (March 2010) and (v) Guidance Note 20 (March 2010); Insert B also included two minor additional amendments: (vi) endorsement of a short note on the first page of Standard Documentation IV (no actual change to this Handbook item) and (vii) update of the e-mail address in (iii) of the first bullet of 5(a) (on page 4) of amended Guidance Note 8.

(b) Handbook updates subsequent to Insert B and covered by Insert C are: (i) Explanatory Note XIII (October 2010) and (ii) amended Standard Language IX (April 2011). Insert C also included an editor’s note detailing the parallel existence of hard copy “IPMA” and re-branded “ICMA Primary Market” Handbooks.

(c) Handbook updates subsequent to Insert C and covered by Insert D are: (i) Recommendation 1.32 (April 2012), (ii) revised Explanatory Note XIII (April 2012), (iii) revised Recommendation 1.31 (December 2013), (iv) revised standard documentation and standard language II (March 2014) and (v) standard documentation and standard language XII (March 2014).




Note regarding the hard-copy version of the “ICMA Primary Market” Handbook
(a white loose-leaf four-ring A5 binder issued from July 2011):
  • This exists in parallel to the non-rebranded hard copy “IPMA” Handbook (see above) as further detailed in its prefaced editor’s note.
  • A set of pages to be inserted, "Insert 1", was issued in June/July 2014.
  • Sets of pages to be inserted will be issued once sufficient updates have accumulated (in terms of numbers of pages) to enable a print run. Holders of current ICMA Primary Market Handbook (IPMA Handbook) hard-copy subscriptions and registered holders of hard-copies within member free allowances are notified of ICMA Primary Market Handbook (IPMA Handbook) updates as they occur by e-mail to their then registered e-mail addresses.
  • Handbook updates covered by Insert 1 are: (i) Recommendation 1.32 (April 2012), (ii) revised Explanatory Note XIII (April 2012), (iii) revised Recommendation 1.31 (December 2013), (iv) revised standard documentation and standard language II (March 2014) and (v) standard documentation and standard language XII (March 2014).





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