LSTA members are eligible to participate in a number of Committees, Working Groups and Forums. Committees traditionally focus on practice areas on a regular basis. Working Groups address topics that may require only a few meetings in order to reach consensus on the specified issue. Forums convene on an ad hoc basis, allowing members to address a particular topic of concern at a given time. All three of these formats afford members valuable industry exposure and networking opportunities. What’s more, they give members a voice in the Loan Market. 

Committees of the LSTA

Accounting Committee

The primary objectives of the Accounting Committee are: Discuss and examine existing market practices related to loan syndications and trading activities, Actively engage in standard-setting due process by monitoring developments arising from standard-setting activities by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) and Expand communication and education by: developing […]

CLO Committee

The CLO Committee was formed to share information and best practices among CLO managers, structurers and lawyers. In recent years, it has focused on regulatory issues including risk retention, FATCA (Foreign Account Tax Compliance Act), the Volcker Rule and issues arising from the SEC. The committee prepares analysis and white papers to support the CLO […]

OSG Committee

The mission of the Operations Steering Group is to focus on a wide variety of strategic and tactical initiatives relating to loan servicing and loan settlement with a view toward achieving operational accuracy and efficiency.  Current policies and procedures are assessed, areas for improvement explored and content and information flows standardized, as workflow efficiencies are […]

Primary Market Committee

The Primary Market Committee is the largest committee of the LSTA with more than 430 members.  The Committee focuses on current legal issues in the primary market and the production of standard legal agreements for the US loan market. We recommend that every member nominate one individual to be on this committee. Membership to the […]

Process & Technology Committee

The mission of the Process & Technology Committee is to articulate and help implement various initiatives within the loan market. Through publishing best-practice recommendations, educating market participants and facilitating discussions, the committee intends to effect change; directly resulting in a more efficient and orderly syndicated loan market.  The directives of the committee are to:  Define. […]

Sustainable Finance Committee

The Sustainable Finance Committee is comprised of sellside and buyside institutions and is tasked with the maintenance of the Green Loan Principles and Sustainability Linked Loan Principles which have been published by the LSTA, Loan Market Association and APLMA. In addition, this group monitors developments in the sustainable finance space. Interested parties should contact  Tess […]

Trade Practices and Forms Committee

The Trade Practices and Forms Committee has 250 members and is one of the longest running groups of the LSTA.  The Committee seeks to develop market conventions that govern trading and settlement of par and distressed loans.  Since its inception, the Committee has worked to identify key market issues and to build consensus toward resolving […]

Valuation Committee

The purpose of the committee is to provide a forum for discussion on the following topics pertaining to the valuation of loans: The current state of valuation – Loan Mark-To-Market (MTM) pricing methodologies. The classification of MTM prices within the scope of: o Amendments to Rule 2a-7 (July 2014 guidance) under the 1940 Act Rule […]

Women’s Committee

This committee was established in 2016 and already has more than 750 members.  The committee hosts several events and networking evenings throughout the year.  Please contact Lisa Schneider for further information.

Working Groups of the LSTA

CUSIP Working Group

The CUSIP Working Group seeks to develop policies and procedures regarding the application of CUSIPs by Agent Banks for all corporate loan deals and facilities and their subsequent incorporation into all loan systems. This Working Group is open to all members.  Although its primary participants are Agent Banks, Buy-side institutions are welcome to join.

Custodian/Trustee/Fund Administrator Operations Working Group

The Working Group’s mission is to represent the common interests of this constituency while ensuring alignment with the core principles of the LSTA and its broader membership.  By focusing on a variety of strategic and tactical initiatives, the working group will proactively advocate for best-practice recommendations; build consensus across providers to ensure standardization where possible; […]

ESG Working Group

The ESG Working Group is comprised of buyside members focused on ESG developments in the loan market. Interested parties should contact  Tess Virmani for further information.  This Working Group is by invitation only.

Latin America Initiative Working Group

The LSTA continues to expand its offering of LSTA legal product for cross border transactions with borrowers in Latin America.  In 2017, the LSTA published LSTA Cross-Border Confirm and Form of Participation Agreement for settling trades of loans made to borrowers in Chile, Colombia, and Peru and in 2018 it expanded this to include borrowers […]

MEI Working Group

The MEI Working Group is charged with formulating best practices for MEIs, including MEI application procedures, documentation requirements, validation processes and overall maintenance.

LSTA Committees - Board Members

Finance and Compensation Committee

The Finance & Compensation Committee reviews the detailed financial budget of the LSTA, including LSTA staff compensation. The Committee is currently examining possible alternative revenue streams for the LSTA.

Liquidity Committee

The Liquidity Committee is focused on evaluating liquidity of the asset class and recommending changes to trade settlement procedures.

Nominating Committee

Analyze Current LSTA Board & Officers and identify Institutions and Individuals for future Boards to be voted in by LSTA Membership.

Become a Member

Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.

View Current Members

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Zoom: A Week of (Virtual) Political Advocacy

Last week the LSTA’s grassroots affiliate, the Business Loans Coalition (BLC), engaged directly with four members of the Congress. All the members serve on the…

Huzzah! Hardwireds are Here!

We have seen (well, we’ve read about) the first Syndicated Loan Hardwired Fallbacks, courtesy of Covenant Review. We discuss the background and recommendations for Loan…

Simple SOFR Just Got Simpler

This summer has seen a number of tools added to the LIBOR transition toolbox, such as the Updated ARRC Hardwired Fallback Language (“Hardwired Fallback Language”)…

LSTA Newsletter: September 18, 2020

This week in review: Tess Virmani announces (and recaps) the LSTA’s new Simple SOFR Concept Credit Agreement, Meredith Coffey reviews the ARRC’s progress on Term…