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Loan Market Legal & Documentation

Standardizing loan documentation is a core function of the LSTA. Our suite of primary and secondary loan market documents is consistently updated and augmented each year. Timely market advisories offer guidance and help resolve market issues.

Standard Docs

Displaying 11-15 of 33 results.
DateTitle/DescriptionFiles
May 17, 2019

Participation Agreement For Distressed Trades - STCs

This agreement is in two parts and is used to settle a distressed trade where the buyer cannot become a lender of record and must settle the trade as a participation.  The second part includes the Standard Terms and Conditions.  Non-members contact LSTA at (212) 880-3000.

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May 17, 2019

Participation Agreement for Distressed Trades - Collateral Annex

This Annex may be used when settling a distressed trade of a revolving credit facility as a participation where there are unfunded commitments and the seller asks the buyer to secure its obligations to pay any funding advance. The Collateral Annex forms part of the Participation Agreement for Distressed Trades and Schedule 1 to the Annex is completed by the parties.  Non-members contact LSTA at (212) 880-3000.

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May 17, 2019

Proceeds Letter for Post-Effective Date Settlement Distressed Trades

This form is used to settle a distressed trade where the borrower is a debtor in a case under chapter 11 of the Bankruptcy Code, the class in which the Loan is placed under the Plan is “impaired” as that term is used in section 1124 of the Bankruptcy Code, the Plan has been confirmed, and the Plan’s effective date has occurred.  Non-members contact LSTA at (212) 880-3000.

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May 17, 2019

Short Form Proceeds Letter for Post-Repayment Date Settlement Distressed Trades

This form is used to settle distressed trade where the borrower has made a final cash payment on the loan.  Non-members contact LSTA at (212) 880-3000.

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May 17, 2019

Multilateral Netting Agreement

This form is used by three parties seeking to net several par trades into amongst themselves.  Non-members contact LSTA at (212) 880-3000.

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Market Advisories

Displaying 11-15 of 45 results.
DateTitle/DescriptionFiles
Feb 20, 2015

Disqualified Institutions/DQ Lists

This Advisory explains the details of the LSTA’s disqualified institution structure included in the LSTA Model Credit Agreement Provisions.  Members Only

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Feb 11, 2015

Caesars Market Advisory

Members Only.

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Jul 28, 2014

Texas Competitive Electric Holdings Company LLC (TXU)

3rd Advisory.  Members Only.

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Jun 26, 2014

Texas Competitive Electric Holdings Company LLC (TXU)

2nd Advisory.  Members Only.

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May 27, 2014

Texas Competitive Electric Holdings Company LLC (TXU)

1st Advisory.  Members Only.

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Guidelines & Memos

Displaying 11-15 of 20 results.
DateTitle/DescriptionFiles
Sep 8, 2011

Rules Governing Arbitration between Loan Traders with regard to Cover Price for Trades that Do Not Settle by BISO Trigger Date

Call LSTA @ (212) 880-3000 to inquire about this document.

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Sep 8, 2011

Notice of Arbitration for Trades that Do Not Settle by BISO Trigger Date

Call LSTA @ (212) 880-3000 to inquire about this document.

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Sep 8, 2011

Shift Date Rules

Members Only

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Jan 11, 2010

Buy-in/Sell-Out Provisions - Frequently Asked Questions

Members Only.

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Jun 10, 2009

Accounting for the Sale of Participations (FAS 166)

This memo discusses when participations entered into on the LSTA Form of Participation Agreement should receive sale accounting treatment.

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Drafts

Displaying 1-1 of 1 result.
DateTitle/DescriptionFiles
Jul 15, 2019

Model Transfer Provisions for Restructuring Support Agreements (RSAs)

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Blacklined Documents

Displaying 11-15 of 22 results.
DateTitle/DescriptionFiles
May 17, 2019

Participation Agreement For Distressed Trades - STCs

Blacklined against the version dtd June 9 2017

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May 17, 2019

Participation Agreement for Distressed Trades - Collateral Annex

Blacklined against the version dtd June 9 2017

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May 17, 2019

Proceeds Letter for Post-Effective Date Settlement Distressed Trades

Blacklined against the version dtd June 9 2017

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May 17, 2019

Short Form Proceeds Letter for Post-Repayment Date Settlement Distressed Trades

Blacklined against the version dtd June 9 2017

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May 17, 2019

Multilateral Netting Agreement

Blacklined against the Multilateral Netting Agreement dtd November 7, 2016

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