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) […]
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.
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 Primary Allocation Confirmation.
This draft is blacklined against the Primary Allocation Confirmation draft dated August 12, 2019
Draft of the Par/Near Par Trade Confirm
This draft is blacklined against the current LSTA Par/Near Par Face confirm 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 August 12, 2019.
Glossary of Terms relating to Delayed Compensation for Primary Allocations, Early Day Trades and Post Funding Trades
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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.