What does LTA mean in CREDIT UNIONS

An LTA provides technical advice and services to a lender in relation to the borrower's project or business. This includes assisting in the due diligence process for evaluating the feasibility of a project and advising on the formulation of project finance arrangements.

An LTA is an independent consultant or professional engineer who has expertise in areas such as engineering, economics, financial analysis, risk management, construction, environmental impact assessment and corporate social responsibility.

LTAs typically require a degree in engineering or sciences, years of experience in their field, strong analytical skills and an understanding of economic principles as well as local laws and regulations. Many LTAs are also qualified as Chartered Engineers or hold specialist accreditations such as Environmental Impact Assessor (EIA).

An LTA is typically chosen by a lender from amongst multiple potential candidates based on their qualifications, relevant expertise and experience. The decision may be based on factors such as fees, availability of personnel at short notice for specific assignments and whether either party has been involved with successful projects previously.

Yes- if the appointed advisor does not conduct proper due diligence properly before providing advice it could result in significant losses to both lender and borrower. Therefore it is important that lenders choose reputable advisors who can demonstrate significant prior successes before awarding them contracts involving large sums of money.