Pages-from-Orders-Granting-Pre-Petition-Secured-Lenders-Adequate-Protection_SWOA-Trades-Flat-June-16-2020

In the light of the recent wave of bankruptcy filings of corporate borrowers in our market, the LSTA is publishing this market advisory as a basic overview of how to determine whether a credit trading on LSTA documentation should trade on a “Settled Without Accrued Interest” basis or “Trades Flat” basis following the occurrence of a bankruptcy filing.

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Orders-Granting-Pre-Petition-Secured-Lenders-Adequate-Protection_SWOA-Trades-Flat-June-16-2020.pdf

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