Registered Medium-Term Note Program Establishment Checklist

Summary

This checklist provides the actions and documents necessary to establish a registered medium-term note (MTN) program, and indicates the party typically responsible for each task. As the tasks and the roles of the parties can vary from program to program counsel should conform this list to the facts and circumstances of each particular program. This checklist assumes that (1) the issuer is a well-known seasoned issuer, (2) agents' counsel (AC) will act as "transaction counsel" and that issuer's counsel (IC) will play an important, but supporting, role, (3) the program involves multiple agents, with one financial institution acting as lead agent (LA), (4) the issuer is a domestic (i.e., U.S.) issuer, and (5) an issuance will not be effected coincident with the program's commencement.