LSTA Form of Proceeds Letter Agreement Podcast
In this podcast, Nicholas Laveris, Of Counsel of Orrick, and Amy Pasacreta, Senior Associate of Orrick, discuss the LSTA’s Form of Proceeds Letter Agreement which…
The LSTA has published a suite of standard documents for secondary loan trading. The 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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KYC and the US Loan Market Podcast
In this podcast, Bridget Marsh, Executive Vice President & Deputy General Counsel, discusses the LSTA’s KYC Guidelines and the different relationships that arise in both…
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…
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…
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…
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…
Short Form Proceeds Letter for Post-Repayment Date Settlement Distressed Trades
This form is used to settle distressed trade where the borrower has made a final cash payment on the loan.
Participation Agreement for Distressed Trades – Collateral Annex
This Annex may be used when settling a distressed trade of a revolving credit facility as a participation where there are unfunded commitments and the…
Participation Agreement for Par/Near Par Trades – STCs
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…
Blackline of the Par Confirm STCs
Compared to the Par Confirm Standard Terms and Conditions dated May 17, 2019
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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.
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