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LSTA has published a suite of standard documents for secondary loan trading. LSTA may issue Market Advisories which address certain market disruptions, credit specific issues, or general market practices occurring in the secondary market in addition to guidelines or legal memos which provide legal background or an explanation of market practices and procedures.

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Draft – Model Credit Agreement Provisions (MCAPs) (Jun 4 2025)

June 4, 2025

This form includes select provisions of a New York law-governed credit agreement (eg, tax, yield protection, agency, assignment, defaulting lender, disqualified institution provisions, etc.).

Par Confirm (March 7 2025)

March 5, 2025

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 (March 7 2025)

March 5, 2025

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…

Distressed Confirm (March 7 2025)

March 5, 2025

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 (March 7 2025)

March 5, 2025

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…

Purchase and Sale Agreement for Distressed Trades TSTs (March 7 2025)

March 5, 2025

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…

Purchase and Sale Agreement for Distressed Trades STCs (March 7 2025)

March 5, 2025

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 (March 7 2025)

March 5, 2025

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…

Participation Agreement for Par/Near Par Trades STCs (March 7 2025)

March 5, 2025

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…

Participation Agreement for Distressed Trades TSTs (March 7 2025)

March 5, 2025

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…

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