The Buy-side Operations Working Group is a forum used to discuss operational issues and initiatives. Membership of this Working Group is open to all LSTA buy-side members. Interested in joining the working group, reach out to Ellen Hefferan. This working group has a call the 2nd Tuesday of the month at 2PM (ET).
Working Groups of the LSTA
CEI/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. Interested parties should contact Ellen Hefferan for further information. This working group is as needed.
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 the subsequent incorporation of CUSIPS into all loan systems. Interested parties should contact Ellen Hefferan for more information.
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; […]
Custody Working Group
The purpose of the working group is to resolve issues relating to whether managers of loans have custody of client assets under SEC rules.
Latin America Initiative Working Group
This year, the LSTA plans to update its offering of LSTA legal product for cross border transactions with borrowers in Latin America. The LSTA has published the LSTA Cross-Border Confirm and Form of Participation Agreement for settling trades of loans made to borrowers in Chile, Colombia, Mexico, and Peru. All members are welcome to join […]
Leveraged Lending Guidance Working Group
Leveraged Lending Guidance Working Group convenes, when necessary, on Leveraged Lending Guidance and certain regulatory matters for members supervised by the federal banking agencies. Interested parties should contact Tess Virmani for more information.
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.
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