The LSTA also creates working groups and task forces to address emerging issues, short-term projects, and issues that require focused attention by a small group to make recommendations to the larger committees.
Focus Aiding in the efficiency of valuation and reporting processes for Private Corporate Credit loans. Objective(s) Discussing fair value valuation processes and addressing inefficiencies/areas for improvement Determining best practices covering the fair value valuation process Identifying potential data collection initiatives and studies designed to validate valuations through data-driven analysis, Identifying other topics and/or initiatives for...
Focus This collaborative working group convenes to address challenges when equity is issued in loan restructurings. Objective(s) Address the inherent challenges when loans are restructured and equity is issued to a fund Collaborate with clearing agents to improve communication and their dissemination of informationWork to standardize document requirements and processes across clearing agents given the...
Focus This working group is focused specifically on streamlining operational processes related to corporate restructurings. Objective(s) Establish a structure around corporate actions, specifically restructure events, to improve communication and expedite the closing process Recommend standardized language in posting memos and/or lender presentations to clarify transactions at their launch Articulate the importance of issuing new facility...
Focus Formed in 2025 in response to concerns about the California Financing Law, this task force advocates for nonbank lenders in the state. The Law requires nonbanks to obtain a lending license in order to make loans to California companies, making it a cumbersome process that can only be completed by the lender – i.e.,...
Focus Tasked with formulating best practices for CEIs (CUSIP Entity Identifiers) and MEIs (Markit Entity Identifiers), this working group deals with application procedures, documentation requirements, validation processes and overall maintenance. Objective(s) Typically the working group evaluates requests for exceptions to the CEI and MEI Issuance Processes/Guidelines. Frequency As needed Open / relevant to LSTA Members...
Focus This working group was formed to engage with the SEC on its Custody Rule, specifically as the rule applies to loan assets. Objective(s) Resolve issues to the benefit of loan managers and the market overall Interested? Contact Elliot Ganz, Project Manager (212) 880-3003eganz@lsta.org...
Focus This group works to develop policies and procedures for the application and usage of CUSIPs for all broadly syndicated, club and private credit loan deals and facilities. Objective(s) Recommend revisions to CUSIP Guidelines, if needed. Maintain accurate CUSIP data in the CUSIP system Encourage usage of CUSIP for all trade, settlement and servicing activities...
Focus This group was formed specifically to develop and maintain the LSTA legal product offering for cross-border transactions with Latin American borrowers, helping to streamline the complex transactions. Objective(s) Expand, update and maintain the LSTA growing suite of Latam documents which are used for the origination of loans made to borrowers in Brazil, Chile, Colombia,...
Focus This working group convenes, when necessary, on leveraged lending guidance and certain regulatory matters for members supervised by the federal banking agencies. Frequency As needed Interested? Contact Tess Virmani, Project Manager (212) 880-3006tvirmani@lsta.org...
