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 those issues through the drafting and adoption of standard documents and market practices. It is recommended that each member of the LSTA nominate at least one person to be on this Committee so that the member is kept informed about secondary trading practices and developments, credit-specific market advisories, and documentation revisions.
Membership to the Committee is open to all LSTA members.