Loan Market Legal & Documentation
Standardizing loan documentation is a core function of the LSTA. Our suite of primary and secondary loan market documents is consistently updated and augmented each year. Timely market advisories offer guidance and help resolve market issues.Search Results
Trading English Law Governed Loans on LSTA Docs
This Market Advisory addresses trading English law governed loans on an LSTA Par Confirm and highlights certain additional representations parties may agree to include in the LSTA Par Confirm in those circumstances
Par Confirm
This agreement is in two parts and is used to evidence the trade of a performing loan. The first part is completed by the parties.
Par Confirm – STCs
This agreement is in two parts and is used to evidence the trade of a performing loan. The second part includes the standard terms of conditions.
Distressed Confirm
This document is in two parts and is used to evidence the trade of a distressed loan. The first part is completed by the parties.
Distressed Confirm – STCs
This document is in two parts and is used to evidence the trade of a distressed loan. The second part includes the standard terms of conditions.
Purchase and Sale Agreement for Distressed Trades – TSTs
This agreement is in two parts and is used to settle a distressed trade. The first part includes the Transaction Specific Terms and is completed by the parties.
Purchase and Sale Agreement for Distressed Trades – STCs
This agreement is in two parts and is used to settle a distressed trade. The second part includes the Standard Terms and Conditions.
Participation Agreement for Par/Near Par Trades – TSTs
This agreement is in two parts and is used to settle a par trade where the buyer cannot become a lender of record and must settle the trade as a participation. The first part includes the Transaction Specific Terms and is completed by the parties.
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.
Our Partners
