The LSTA is currently updating Section 6 of the Confirm Standard Terms and Conditions (STCs) to expand the scope of cost of carry to accommodate additional non-LIBOR benchmarks, in particular credit sensitive rates.  This document is blacklined against the September 13, 2021 Primary Allocation Confirmation STCs.


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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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