Draft of the Par/Near Par Trade Confirm
| File | Draft-LSTA-Par_Near-Par-Confirm-October-15-2019.DOCX |
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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.
The syndicated loan market would really like an IOSCO-compliant Forward Looking Term SOFR to develop. If such a rate developed, it would solve several problems inherent in SOFR.
Today the LSTA published the Exposure Draft of the LSTA’s Form of Investment Grade Revolving Credit Facilities Term Sheet. The LSTA plans to publish this in final form at year end.
The attached spreadsheet is for November 2019
This draft is blacklined against the Primary Allocation Confirmation draft dated October 15, 2019
Current draft of the Primary Allocation Confirmation.
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 Par/Near Par Trade Confirm Standard Terms and Conditions