Tax and accounting resources

LSTA monitors developments arising from standard-settling activities by the FASB and IASB as well as development of accounting guidelines. Access these resources to implement changes brought about by tax regulations and follow standard-setting due process.

Recent media

Recent publications/releases

FATCA Advisory: Loan Amendments and Determining Grandfathered Status

Market Advisory August 26, 2014 FATCA Loan Amendments and Determining Grandfathered Status FATCA withholding tax does not apply to payments made with respect to a loan that was outstanding on July 1, 2014. By definition, these loans are “grandfathered” obligations. Grandfathering status will be lost, however, if such loans undergo a “significant modification” under Treasury...

08/26/2014

Operations & Standards, Tax and accounting resources

Implementing FATCA in the Corporate Loan Market

Implementing FATCA Neal Givner, Credit Suisse Dennis Kelly, Winston & Strawn May 8, 2014 FATCA in General  Enacted in March of 2010.  Requires each foreign financial institution (“FFI”), including CLOs and other offshore investment funds, to obtain identifying information from its U.S. account holders which the FFI will forward (directly or indirectly) to...

05/08/2014

Operations & Standards, Tax and accounting resources

FATCA: What You Need to Know For Corporate Loans

FATCA: What You Need to Know Neal Givner, Credit Suisse Dennis Kelly, Winston & Strawn Kevin Sullivan, BNP Paribas April 8, 2014 What Is FATCA  Enactment  The Foreign Account Tax Compliance Act provisions, generally referred to as “FATCA”, were included in the Hiring Incentives to Restore Employment (“HIRE”) Act passed in March 2010...

04/08/2014

Operations & Standards, Tax and accounting resources

LSTA Submits Comment Letter on FASB’s Proposed Accounting Standards Update: Financial Instruments – Credit Losses

05/31/2013

Policy & Advocacy, Operations & Standards, Comment letters and papers, Tax and accounting resources

LSTA Submits Comment Letter to FASB

LSTA Submits Comment Letter on FASB’s Proposed Accounting Standards Update: Financial Instruments—Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities...

05/15/2013

Policy & Advocacy, Operations & Standards, Comment letters and papers, Tax and accounting resources

LSTA Submits Comment Letter to FASB

LSTA submits Comment Letter on FASB’s Supplementary Document: Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities – Impairments...

04/01/2011

Policy & Advocacy, Operations & Standards, Comment letters and papers, Tax and accounting resources

Tax and accounting resources