Draft bond or note documents: trust deed, agency agreement and ASX/ASIC disclosure
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Draft the MTN deed poll, trust deed, paying agency agreement, pricing supplement and ASX/ASIC offer sections from the term sheet, listing economic terms to match exactly.
- What the lawyer must review
- Confirm any disclosure exemption and its conditions under the current Corporations Act
- Check trustee powers under the state Trustee Act
- Check coupon, maturity, ISIN, settlement and KPIs against the final terms
- Check ASX Listing Rules if listed, and rating references
- Check Group 1 climate disclosure if sustainability is claimed
- Written for / version
- Commonwealth versionCth
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Confirm that the wording reflects the client’s instructions and contains no unintended admission, concession or commitment. Check the recipient and tone.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.