0322_LSTA Secondary Trading Settlement Monthly

1Q22 LSTA secondary loan trading volume increased 20% to $232B, the second busiest quarter on record, according to the LSTA’s Secondary Trade Data Study.  Of course, 1Q20’s record still stands at $250B, but those were different times.

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Secondary-Trading-Settlement-Monthly-March-2022-Executive-Summary.pdf

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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,…