Syndicated Loans – Third Party Disclaimer
This Valuation Protocol (VP) was prepared in response to requests from Valuers for guidance in relation to a sample third party disclaimer by Valuer Members (Valuers) who are providing a valuation for first mortgage purposes in a syndicated lending transaction.
The objective of this VP is to provide a consistent approach across the industry to enable Valuers to include an appropriate third-party disclaimer clause in the valuation report, to limit the Valuer’s exposure to third parties who are not agreed by the Valuer as permitted to rely on the valuation.
In the production of this VP, the API consulted with valuers, risk and compliance officers within valuation firms, legal representatives, the Australian Banking Association (ABA) and the Australian branch of the Asia Pacific Loan Market Association (APLMA).
The following are the Valuation Protocols published by the API in reverse date order.