Operations & Standards

Keep on top of your “ops” in order to better streamline, accelerate, optimize and collaborate in the market, with guidelines including:

Operational tools

LSTA Cost-of-Carry (SOFR) Calculator

Best practices and standards

Primary and secondary trade settlement
CUSIP Guidelines
MEI Guidelines
CEI User Guide
FPML schema for deals, drawdowns, repayments, rollovers, credit issuance, contract adjustment, etc.

View all best practices and standards

Delayed compensation resources

Loan market holidays (recurring)
Primary and secondary delayed compensation flowcharts, cheat sheet, and podcast
Glossary of terms and FAQs

View all delayed compensation resources

Tax and accounting resources

FATCA issues and advisories
Comment letters to FASB

View all tax and accounting resources

Relevant other content areas

Legal & Documentation: Shift dates
Legal & Documentation: Trade Documentation
Education and events: Summer Series (yearly)
Education and events: LSTA Operations and Technology Conference (yearly)

Related committees and working groups

Recent media

Primary Delayed Compensation Podcast

In this podcast, Ellen Hefferan, Executive Vice President of Operations & Accounting, highlights Primary Delayed Compensation and the purpose behind doing a primary delayed comp....

04/03/2020

Operations & Standards, Delayed compensation resources

View all media for Operations & Standards

Recent publications/releases

Loan Market Holiday – Labor Day

LSTA recommends treating Monday, September 7, 2026, as a loan market holiday.

08/21/2026

Operations & Standards, Loan market holidays, Delayed compensation resources

Loan Market Holiday – Independence Day

LSTA recommends treating Friday, July 3, 2026, as a loan market holiday.

06/15/2026

Operations & Standards, Loan market holidays, Delayed compensation resources

Loan Market Holiday – Juneteenth

LSTA recommends treating Friday, June 19, 2026, as a loan market holiday.

06/01/2026

Operations & Standards, Loan market holidays, Delayed compensation resources

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.