January 24, 2012

LSTA Elects 2012 Board of Directors
The LSTA today elected its 2012 Officers and Board of Directors.  Barclays' Jonathan Kitei was elected Chair and Invesco's Greg Stoeckle and Highbridge's Dave Frey were chosen as Vice Chairs. Additionally, GE Capital's Kevin Burke will serve as Treasurer and Octagon's Andrew Gordon will be Secretary. More

January 04, 2012

The LSTA Releases Results of 2012 U.S. Loan Market Survey
In mid-December 2011, the LSTA surveyed its members to determine where they believed the loan market would go in 2012.  There were a number of interesting findings. First, respondents expect leveraged loan issuance to remain relatively stable, or perhaps increase somewhat, in 2012. More

January 03, 2012

2012 Loan Market Holidays - Calculation of Delayed Compensation
Delayed compensation accrues on loan market trades that do not settle within a set number of business days after trade date.  More

December 20, 2011

The LSTA Recommends Treating December 26th and January 2nd as Loan Market Holidays When Calculating Delayed Compensation
In observance of the U.S. Christmas Day holiday and the US New Year’s holiday, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, December 26, 2011, and Monday, January 2, 2012 as loan market holidays for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation. More

December 13, 2011

Credit Bidding Goes to the Supreme Court
On December 12, 2011, the United States Supreme Court agreed to hear an appeal of a case that will squarely address the critical issue of whether secured lenders in a bankruptcy can be prevented from “credit bidding” their debt in an auction of their collateral in a “cram down” plan of reorganization. More

December 01, 2011

Bankruptcy Rule 2019 Goes Effective Today
Today, at long last, revised Bankruptcy Rule 2019 becomes effective, successfully ending a four year crusade by the LSTA to rationalize disclosure requirements by holders of distressed loans.  More

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