LSTA LMA Administrative Detail Form (March 2 2023)

This is the form used by administrative agents when a lender joins the syndicate and must provide the agent with its contact details, wiring instructions, etc. which now includes optionality for inputting Standard Settlement Instructions/Wiring Instructions for those transactions that align with the ISO20022 updates.

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LSTA-LMA-Administrative-Detail-Form-March-2-2023.docx

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The Kirschner Case: This is the End

The Supreme Court denied Kirschner's petition for certiorari, finally ending the case. As LSTA's Elliot Ganz explains, this cements that syndicated loans are not securities,…