The FpML Business Loan Working Group seeks to develop industry standards for the exchange of loan data both here and in Europe. The group defines common data standards that can be utilized by all systems throughout the loan market to distribute daily loan activity notices, confirm position information and potentially match trades. This group works in tandem with the FpML Technology Loan Working Group to establish a common electronic data exchange format within the primary and secondary loan markets to employ these standards. Both Working Groups are open to all members and currently include operations professionals and technology experts.
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.