Importance of standard documentation for the financial market development

The authors analyze the role and legal nature of the standardization of contractual documentation in the development of the financial transactions market using standard documents as an example, in particular, they consider the form of the Russian syndicated loan agreement. They come to the conclusion that the use of market standard forms makes it possible to solve certain problems, but some associated difficulties should be taken into account. It is believed that for the widespread use of standard documentation in the field of syndicated lending, continuous improvement of this tool is required.