Ellen Hefferan Headshot

Ellen Hefferan

Executive Vice President of Operations & Accounting

ehefferan@lsta.org / (212) 880-3013

Ellen Hefferan is the Executive Vice President of Operations & Accounting of the LSTA She is charged with managing key operational strategies and initiatives that will ultimately provide for a more efficient and liquid market. Ms. Hefferan supports the Operations Committee and its working groups to assess current operations and identify opportunities for such improvement and standardization. She is responsible for the implementation of CUSIPs market-wide and chairs the FpML Business Working Group and the Accounting Committee.

Ms. Hefferan previously served as president of ClearPar since the founding of the settlement platform in 2000 until March of 2006. Prior to joining ClearPar, she was Vice President and Senior Counsel at Citigroup where she provided transactional and advisory support to the loan syndications, trading and sales desks and the corporate banking origination units. Prior to her role at Citigroup, Ms. Hefferan gained additional experience negotiating and documenting complex commercial loan transactions for financial institutions as an Associate with Winston and Strawn.

After receiving a Bachelor of Science in Public Accounting and Marketing from Fordham University, Ms. Hefferan began her career as a Staff Accountant in the Audit Division of Arthur Anderson & Co. and served as an Adjunct Instructor of Financial and Management Accounting at Fordham University while attaining her Juris Doctorate from Fordham University Law School. She is a member of the New York State Bar and is a Certified Public Accountant.

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LIBOR: Soup to Nuts in 30 Minutes

On Thursday, some 600 members attended the LSTA’s “The End of LIBOR: The Big Picture” webcast, a reference presentation intended help folks quickly come up to speed on i) Why LIBOR is ending, ii) what is the anticipated replacement rate (SOFR), what are its variants and how do they behave, iii) status and key steps for replacing LIBOR loans with SOFR loans and iv) key resources. Our next LIBOR webcast – “Demystifying the LSTA’s SOFR Concept Credit Agreement” – will take place on December 3rd.

Global Legal Insights to: Blockchain & Cryptocurrency Regulation 2020

This article called The Loan Market, Blockchain, and Smart Contracts: The Potential For Transformative Change provides a brief description of the loan market and its participants to put our conversation in context, sets out the basics of blockchain technology, reviews the concept of “smart contracts”, and examines how the primary and secondary loan markets can benefit […]

Loan Market Holiday – Thanksgiving Day – November 28, 2019

In observance of Thanksgiving Day, the Loan Syndications and Trading Association (LSTA) recommends treating Thursday, November 28, 2019 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

LSTA Newsletter: November 15, 2019

This week, we start off with a SOFR loan spotting (yes, Virginia, there is a SOFR loan!). We move on to another rising loan type: Sustainability linked loans – what they are, how they are measured and how their volumes are changing. We also dip into the markets, checking in on how loan terms and […]

The End of LIBOR: Understanding the Big Picture Presentation

LIBOR is very likely to end shortly after the end of 2021. But why is it ending, what will replace it…and what should loan market participants do to prepare? The End of LIBOR: Understanding the Big Picture Presentation presented on Thursday, November 14, 2019 by Meredith Coffey, LSTA EVP – Research and Public Policy; Alternative […]