Rules Governing Arbitration between Loan Traders with regard to Cover Price for Trades that Do Not Settle by BISO Trigger Date I. Purpose The arbitration procedures described herein (the “ Rules ”) and adopted by the Loan Syndications and Trading Association, Inc. ® (the “ Association ”) provide a framework for resolving disputes between Association...
Buy-in/Sell-out Provisions Frequently Asked Questions On July 21, 2023 , the LSTA published revised versions of its trading documentation , which i ncluded the new Buy-in / Sell-out Provisions (“ BISO Provisions ”) set forth in sections 16 – 18 of the LSTA’s Standard Terms and Conditions for Par /Near Trade Confirm ation s ....
This has been published to offer guidance to loan market participants regarding the compliance obligations imposed by the Flood Laws solely with respect to syndicated lending activities....
Guidance note and confidentiality legends for distribution of SYNDICATED LOAN MARKETING MATERIALS April 26, 2021 Guidance Note for Distribution of Confidential Information Memoranda and Lender Presentations Use of Notices , Confidentiality Undertakings and Company Authorization Confidential Information Memoranda , Lender Presentations and other materials (“confidential information”) provided to potential lenders under a syndicated loan facility...
Know Your Customer Considerations for Syndicated Lending and Loan Trading (KYC Guid ance ) October 22, 2018 KNOW YOUR CUSTOMER CONSIDERATIONS FOR SYNDICATED LENDING AND LOAN TRADING Guidelines for the Application of Customer Identification Programs, Foreign Correspondent Account Due Diligence, and Other Considerations I. PREAMBLE Section 326 of the USA PATRIOT Act (PATRIOT Act), in...
LSTA Regulatory Guidance: Anti-Corruption Issues in Lending Transactions February 6 , 2017 Anti-Corruption Issues in Lending Transactions U.S. lenders should be cognizant of, and address in a risk-based fashion, anti-corruption risks that may arise in lending transactions. Although the risk of legal liability under the Foreign Corrupt Practices Act (“ FCPA ”), 15 U.S.C. §§...
LSTA Regulatory Guidance: Anti-Corruption Issues in Lending Transactions February 6 , 2017 Anti-Corruption Issues in Lending Transactions U.S. lenders should be cognizant of, and address in a risk-based fashion, anti-corruption risks that may arise in lending transactions. Although the risk of legal liability under the Foreign Corrupt Practices Act (“ FCPA ”), 15 U.S.C. §§...
This memorandum discusses the calculation of the amount of collateral required to be delivered pursuant to the Collateral Shortfall formula included in the Collateral Annex to the Participation Agreement for Par/Near Par Trades(the “Collateral Annex”)....
