On Friday, February 27, 2015, the LSTA published in final form the User's Guide for LSTA Distressed Trading Documents.
Following a tough December and an uninspired January, the secondary loan market has finally gotten its swagger back. With month-end February fast approaching, the S&P/LSTA Leveraged Loan Index (LLI) is on pace for its best monthly return (1.3%) in two years.
To expedite loan settlement, today the LSTA Liquidity Committee, comprised of LSTA board members, and the LSTA Operations Steering Group, comprised of senior operations managers, representing both sell-side and buy-side institutions, released the Operational Best Practices for Primary and Secondary Trade Settlement on Friday, February 27, 2015.
Thursday, February 26, 2015, New York, NY – At its annual meeting in New York today, members of the Loan Syndications and Trading Association elected five new board members, including two additional members, to its Board of Directors, which was expanded to 24 members from 22. Craig Russ of Eaton Vance will remain as the Association’s Chair.
On Friday, February 20, 2015, LSTA published a market advisory on Disqualified Institutions; DQ Lists (aka Blacklists).