The LSTA will roll-out the Primary Delayed Compensation Protocol (the “Protocol”), a comprehensive new standard that will expedite the settlement of primary allocations and secondary trades, during the 1st quarter of this year.
Loan Trading OperationsThe LSTA navigates and leads the loan market ahead through its committees and working groups. Comprised by LSTA members, they provide a forum for loan market participants to shape and influence the direction of the industry—by consensus and resolution.
This draft is blacklined against the Primary Allocation Confirmation draft dated October 15, 2019
Current draft of the Primary Allocation Confirmation.
Current draft of the Primary Allocation Confirmation Standard Terms & Conditions
This draft shows modifications to the current Standard Terms & Conditions for Primary Allocation Confirmation dated August 12, 2019
Current draft of the Par/Near Par Trade Confirm Standard Terms and Conditions
This draft is blacklined against the current LSTA Par/Near Par Face Confirm Standard Terms & Conditions dated October 15, 2019.
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) […]
This document is blacklined against the Glossary of Terms dated October 15, 2019
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