The Protocol applies to a “Primary Allocation” which is an allocation of new money by a syndicate desk in connection with either (i) a new issue syndication or (ii) an amendment of an existing Credit Agreement. In addition, the Protocol affects when-issued secondary trades by (i) changing what constitutes an Early Day Trade and (ii) […]
Glossary of Terms relating to Delayed Compensation for Primary Allocations, Early Day Trades and Post Funding Trades
The LSTA has developed this flowchart to illustrate how Secondary Delayed Compensation on Post Funding Trades is to be applied on a step-by-step basis.
The LSTA has developed this flowchart to illustrate how Secondary Delayed Compensation on Early Day Trades is to be applied on a step-by-step basis.
The LSTA has developed this flowchart to illustrate how Delayed Compensation is to be applied on a step-by-step basis.
On Tuesday, October 23rd, the LSTA Board adopted a primary delayed compensation protocol (the “Protocol”) that represents an important step in furthering the LSTA’s mission of promoting a fair, orderly, efficient and growing corporate loan market. The Protocol will go into effect on January 1, 2020 and will apply to all “primary” allocations i.e., allocations […]
Most frequently asked questions and answers on the new delayed compensation
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.