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Best practices and standards

Best practices and standards

Best practices rely on universal acceptance and adoption of a standard set of guidelines – without which participants could not reach the same level of operational performance. Practices like KYC guidelines are developed, though market consensus, to provide a standard methodology that can be implemented across LSTA member organizations.

Recent media

Recent publications/releases

CEI User Guide
CUSIP Global Services has introduced the CUSIP Entity Identifier (CEI)—a new 10‑character code for the syndicated loan and private credit markets—and this user guide shows how to request and use CEIs.
  • Operations & Standards, Best practices and standards
Late Payment Fee Invoice Templates
Invoice templates are available to assist with late‑payment fee processing.
  • Operations & Standards, Best practices and standards
Administrative Details Form (“ADF”) (Mar 2 2023)
This is the form used by administrative agents when a lender joins the syndicate and must provide the agent with its contact details, wiring instructions, etc. which now includes optionality for inputting Standard Settlement Instructions/Wiring Instructions for those transactions that align with the ISO20022 updates....
  • Legal & Documentation, Operations & Standards, Primary market resources, Best practices and standards
MEI Guidelines
View the MEI guidelines....
  • Operations & Standards, Best practices and standards
Best Practices for Primary Trade Settlement
Operational Best Practices for Primary Trade Settlement February, 2015 Upon the Creation of a New Lender Origination Syndication Agent Administrative Agent Seller Buyer Custodian Settlement Platform Prior to entering into or sub-allocating a trade a new financial institution should: (1) apply for a Markit Entity Identifier (“MEI”), (2) apply for Taxpayer ID Number and GIIN...
  • Operations & Standards, Best practices and standards
Best Practices for Secondary Trade Settlement
Operational Best Practices for Secondary Trade Settlement February, 2015 Upon the Creation of New Lender Dealer Agent Counterparty Custodian Borrower Settlement Platform Prior to entering into or sub-allocating a trade a new financial institution should: (1) apply for a Markit Entity Identifier (“MEI”), (2) apply for Taxpayer ID Number and GIIN Number, and (3) at...
  • Operations & Standards, Best practices and standards

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