Pages from Exposure Draft_LSTA Master Participation Agreement for ESA_February 7 2024.pdf

The Master Participation Agreement – TSTs is executed by the dealer and each applicable open-end loan fund. The use of a pre-negotiated Master Participation Agreement can ease and standardize the expedited settlement process because it allows ESA trades to settle by participation without negotiation and, by design, by simply completing a schedule on which the relevant trade details are set forth. The LSTA has developed a Master Participation Agreement for Expedited Settlement template based on its existing form of Participation Agreement which is used widely in the loan market. Click here for more information.


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LSTA Suite of Documents Continues to Grow

February 28, 2024 - This article was first published in the 2024 winter edition of Loans Magazine, which can be accessed here. There are two legal projects…

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,…