Our speakers analyzed the secondary loan market, liquidity, and settlement times – with a concentration on the recent spike in volatility and the subsequent record levels of secondary volume.  Then the conversation shifted over to settlement mechanics, as they examine credit agreement transfer provisions, primary allocation and secondary trade confirms, Standard Terms & Conditions and pricing calculations. Panelists included:  Theodore Basta, Executive Vice President – Market Analytics & Investor Strategy, LSTA and Ellen Hefferan, EVP of Operations and Accounting, LSTA.