Loan total return swaps are bespoke derivative products used widely by market participants seeking leveraged access to the commercial loan asset class. Because LTRS transactions lay at the intersection of the derivatives and loan markets, market participants considering LTRS as an investment tool should be familiar with federal regulation of swaps and market conventions and operational issues inherent to holding and trading loans.
A team of experts from Crowell & Moring presented an overview of LTRS transactions and recent developments in the market. Topics covered included:
- Overview of LTRS structure and documentation
- Bankruptcy code “safe harbor” treatment and related concerns
- Introduction to federal regulation of LTRS swaps and dealers of LTRS
- Relevance of the SEC’s anti-fraud and market manipulation regime, including under new Rule 9j-1
- Impact of LTRS on the loan market
EVENT DETAILS
Wednesday, November 20, 2024
4PM to 5PM (EST) | Webcast Only
Presentation & Replay | Now Available | Scroll Down to Download and View
** NYS CLE Credit Offered | CLE Will Not Be Offered for Replay
SPEAKERS
- John A. Clark, Senior Counsel, Crowell & Moring LLP
- Jennifer K. Grady, Partner, Crowell & Moring LLP
- Richard J. Lee, Partner, Crowell & Moring LLP
** For Other Jurisdictions, Attorneys Must Apply for CLE
