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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 29 results.
DateTitle/DescriptionFiles
Jun 9, 2017

Participation Agreement For Distressed Trades - TSTs

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 first part includes the Transaction Specific Terms and is completed by the parties.  Non-Member Price is $5,000 (will include Participation Agreement for Distressed Trades - STCs). Call (212) 880-3000 to inquire about purchase.

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Jun 9, 2017

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-Member Price is $5,000 (will include Participation Agreement for Distressed Trades - TSTs). Call (212) 880-3000 to inquire about purchase.

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Jun 9, 2017

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-Member Price is $2,500. Call (212) 880-3000 to inquire about purchase.

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Jun 9, 2017

Proceeds Letter for Post-Effective Date 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-Member Price is $2,500. Call (212) 880-3000 to inquire about purchase.

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Jun 9, 2017

Short Form Proceeds Letter for Post-Effective Date Distressed Trades

This form is used to settle distressed trade where the borrower has made a final cash payment on the loan.  Non-Member Price is $2,500. Call (212) 880-3000 to inquire about purchase.

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Market Advisories

Displaying 11-15 of 43 results.
DateTitle/DescriptionFiles
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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Aug 22, 2013

No Assignment to Natural Persons

This Advisory addresses the prohibition on the assignment of loans to natural persons.  Available to Non-Members. Call (212) 880-3000 to inquire about receiving this document

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Aug 15, 2013

Allocation of Ticking Fees

This Advisory clarifies the meaning of the term, "ticking fees", and the treatment of such fees under the terms of the LSTA's trading documents.  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 11-12 of 12 results.
DateTitle/DescriptionFiles
Dec 24, 2018

Participation Agreement for Distressed Trades STCs

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Dec 24, 2018

Participation Agreement for Distressed Trades STCs - Blacklined

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Blacklined Documents

Displaying 11-15 of 22 results.
DateTitle/DescriptionFiles
Jun 9, 2017

Participation Agreement for Par/Near Par Trades - STCs

Blacklined against the currently effective version

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Jun 9, 2017

Participation Agreement for Par/Near Par Trades - Collateral Annex

Blacklined against the currently effective version

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Jun 9, 2017

Participation Agreement For Distressed Trades - TSTs

Blacklined against the currently effective version

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Jun 9, 2017

Participation Agreement For Distressed Trades - STCs

Blacklined against the currently effective version

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Jun 9, 2017

Participation Agreement for Distressed Trades - Collateral Annex

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