A short one this week: one article on the borrower’s arguments for “hardwired” LIBOR fallbacks, and another article on the latest in what the LSTA is doing in the ESG space. Oh–and a friendly reminder to treat MLK Day as a holiday for delayed comp purposes.
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This draft is blacklined against the Primary Allocation Confirmation draft dated October 15, 2019
Current draft of the Primary Allocation Confirmation.
Current draft of the Primary Allocation Confirmation Standard Terms & Conditions
This draft shows modifications to the current Standard Terms & Conditions for Primary Allocation Confirmation dated August 12, 2019
Current draft of the Par/Near Par Trade Confirm Standard Terms and Conditions
This draft is blacklined against the current LSTA Par/Near Par Face Confirm Standard Terms & Conditions dated October 15, 2019.
The Protocol applies to a “Primary Allocation” which is an allocation of new money by a syndicate desk in connection with either (i) a new issue syndication or (ii) an amendment of an existing Credit Agreement. In addition, the Protocol affects when-issued secondary trades by (i) changing what constitutes an Early Day Trade and (ii) […]
This document is blacklined against the Glossary of Terms dated October 15, 2019
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