Since 1995, LSTA has been the industry’s premier platform for all participants in the corporate lending market which serves as a critical source of financing for corporate America.
LSTA’s ever-growing membership includes lenders of all stripes together with legal and accounting advisers, market consultants and support service firms. In service of this membership the LSTA is dedicated its core mission: to promote a fair, orderly, efficient, and growing corporate loan market while advancing and balancing the interests of all market participants.
LSTA achieves its mission in four key ways:
LEADERSHIP
LSTA is committed to providing the critical leadership that is essential for the continuation of the corporate loan market’s strong growth through thought leadership from industry experts, sharing industry best practices and by establishing standards and standardization.
ADVOCACY
LSTA advocates on behalf of all participants in the corporate loan market, working directly with regulators, and policymakers to maintain a fair, orderly, and efficient marketplace that engenders confidence.
EDUCATION
LSTA is committed to developing and making available a wide range of educational content to inform our members, regulators and policymakers.
INSIGHTS
As a member of LSTA, you have exclusive access to a wide range of high-quality data and analysis from industry leaders such as LSEG, Morningstar Indexes, and Fitch Ratings.
LSTA’S GOVERNANCE & CODE OF CONDUCT
The Bylaws of the LSTA set forth the framework for the governance, operation, and management of the Association. LSTA has a three-tiered membership structure (full membership, associate membership, and affiliate membership), and the bylaws define the rights and privileges of each of those classes of members. Only an officer, partner, principal or employee of a full member may seek election to LSTA’s Board of Directors. The Bylaws also describe the dues structure, the annual meeting and annual report requirements, and set forth the structure, powers, and rules regarding the election of LSTA’s Board of Directors. Finally, they describe the role of LSTA’s Officers — the Chair, Vice-Chairs, Secretary, and Treasurer.
The purpose of LSTA’s Code of Conduct is to promote integrity, fairness, efficiency, and liquidity in the corporate loan market. The Code is intended to establish general standards of trading conduct that are applicable to all loan market participants in connection with all loan market activities. Although compliance with the Code is voluntary, all loan market participants are encouraged to understand and to comply with, and to ensure that their employees and agents understand and comply with, the principles of the Code.
From time to time LSTA may promulgate additional guidance relating to various topics and issues pertinent to the loan market. In 2017, LSTA published a revised Statement of Principles for the Communication and Use of Confidential Information by Loan Market Participants (the “Confidentiality Principles”). The Confidentiality Principles outline broad guidelines for the receipt, use and communication by and to LMPs of confidential information that is generally available in the corporate loan market and that may at times include material non-public information.
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