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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Are Lenders Being Compensated for LMT Risk?

October 2, 2023 - At next week’s LSTA Annual Conference, Meredith Coffey (LSTA), David Lerner (Shenkman Capital), Steve Miller (Fitch Solutions), Mike Nechamkin (Octagon) and…