The introduction of a placing slip standard - initially LMP and now MRS - has delivered value to the London Market by providing a standard form of submissions. It offers a clear structure and means that brokers present slips in a consistent manner. This in turn adds clarity to the broker/underwriter discussion and thus enhances the efficiency of the placing process. The MRS has also delivered other advantages – most notably ensuring the content was aligned with the needs of contract certainty. There are separate, consistent, MRS standards for open-market risks, binding authority agreements and line-slips, and the documentation regarding these is available at the links on the left.