May 19, 2015, New York, NY – In observance of Memorial Day, the Loan Syndications and Trading Association (LSTA) recommends treating Monday, May 25 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.
And the rally keeps on running, while the market keeps on shrinking. In April, LSTA/Thomson Reuter’s LPC Mark-to-Market (MTM) prices improved in the secondary by 59 basis points (to an average of 97.6) on an advancer/decliner ratio of 8:1.
According to the LSTA’s Secondary Trading Study, trade volumes had surged above $500 billion to a post-recession / near-record high $517 billion in 2013. Last year, the pace picked up considerably. 2014 volumes hit $628 billion, 21% above the market’s previous high water mark established back in 2007.
The LSTA is delighted to announce that the 2015 edition of The International Comparative Legal Guide to: Lending & Secured Finance, published by Global Legal Group Ltd, London, is now live.
Welcome to the second quarter in the secondary loan market. Over the first seven trading sessions of April, LSTA/Thomson Reuter’s LPC Mark-to-Market (MTM) prices have improved in the secondary by 19 basis points (to an average of 97.13) on an advancer/decliner ratio of almost 8:1.