Cryptocurrencies, Digital Tokens, Initial Coin Offerings, and Token Sales

With all the hype surrounding Bitcoin, other digital currencies, and initial coin offerings, it’s hard to work out what’s real and what’s virtual.  Our panels of expert speakers brokedown these concepts and explained the basics of cryptocurriencies, some of the potential hurdles for digital currencies, and how loan market participants can prepare for the rise of digital currencies.  Some of the topics which were addressed included the following:

  • What is a cryptocurrency?
  • How are they bought and sold?
  • What can you buy with it?
  • What are potential regulatory hurdles to these virtual currencies?
  • What are possible implications for the loan market and credit agreements?

EVENT DETAILS

Monday, February 12, 2018
4PM to 5:15PM | Webcast Only

SPEAKERS:

  • Joshua Klayman, Morrison & Foerster LLP
  • Bridget Marsh, LSTA, Intro
  • Geoffrey Peck, Morrison & Foerster LLP
  • Mark Wojciechowski, Morrison & Foerster LLP
DON'T USE

Become a Member

Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.

View a list of all members.

Our Partners

cusip-global-services-vector-logo.svgFitch Group logoRefinitiv-(March-2019)SP-Global-Market-Intelligence

Search Results by Relevancy

SOFR Index (and Averages) are Coming!

he SOFR Index (and Averages) have created considerable buzz in the loan space. The good news: Last week, the New York Fed announced it would start publishing them on March 2nd. The bad news: Due to various loan idiosyncrasies, these tools – while still beneficial! – may be less useful than for other asset classes. We explain all below.

LSTA Newsletter – February 14, 2020

This week, we start off talking about how “loans as securities” might morph into “loans as direct loans”. On a related(ish) note, we also discuss direct lending trends. We dig into LBO trends, looking at now (2019) and then (2007). And, finally, we ponder the evolution to SOFR (and, specifically, cash spread adjustments).

LBOs: Less Leverage? More Flex!

An eternal question is “How do the current crop of leveraged loans compare to the 2007 vintage?” Today we have an answer. Covenant Review recently compared recent jumbo LBOs to their pre-crisis counterparts

Quarterly Bankruptcy Roundup

This week Rich Levin of Jenner & Block once again presented his quarterly review of recent court decisions of interest and importance to the lending and bankruptcy world.

LIBOR & SOFR: Spread Adjustments

Folks that know LIBOR is likely to end soon after December 2021 probably also know that SOFR, the likely replacement for USD loans, is a different kind of rate. While LIBOR theoretically includes an element of bank credit risk, SOFR is an overnight risk free rate.