Pages from Exposure Draft_LSTA Expedited Settlement Agreement_February 7 2024.pdf

This document was reposted on Tuesday, February 13th.  The ESA Agreement is executed by the dealer and an investment adviser on behalf of its open-end funds. The ESA Agreement sets forth the contractual relationship between the dealer and each fund and the obligations of each party to ensure expedited settlement. The LSTA has developed a form of ESA Agreement that can offer market consistency and bring efficiency to the negotiation process. Click here for more information.

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Exposure-Draft_LSTA-Expedited-Settlement-Agreement-Feb-7-2024.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,…