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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 16-20 of 29 results.
DateTitle/DescriptionFiles
Nov 7, 2016

Bilateral Netting Agreement - Par/Near Par

This form is used when parties net two par trades entered into between them.  Non-Member Price is $2,500. Call (212) 880-3000 to inquire about purchase.

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Nov 7, 2016

Bilateral Netting Agreement - Distressed

This form is used when parties net two distressed trades entered into between them.  Non-Member Price is $2,500. Call (212) 880-3000 to inquire about purchase.

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Nov 7, 2016

Multilateral Netting Agreement

This form is used by three parties seeking to net several par trades into amongst themselves.  Non-Member Price is $2,500. Call (212) 880-3000 to inquire about purchase.

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Dec 24, 2015

EU Bail-In Rule Form of Contractual Recognition Provision - LSTA Secondary Market Documents

LSTA Secondary Market Documents – This provision addresses Europe’s bail-in rule and parties may choose to include this provision in their secondary trading documents.  Non-Member Price is $1,000. Call (212) 880-3000 to inquire about purchase.

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Jun 26, 2015

Sample Elevation Order

This is a sample of an order authorizing the debtor to elevate loan participations.  Non-Member Price is $1,000. Call (212) 880-3000 to inquire about purchase.

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Market Advisories

Displaying 16-20 of 43 results.
DateTitle/DescriptionFiles
Feb 15, 2013

Swap Regulations’ Implications for Loan Documentation

This Advisory addresses the implications for loan documentation raised by 2013 regulatory activity relating to the term "swap" and establishing that the guarantee of a swap is itself a "swap”.  Members Only

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Nov 27, 2012

Model Marketmaker Exception to RSAs

This Advisory suggests a “Model Marketmaker Exception” for potential inclusion, where appropriate, in restructuring support agreements (RSAs) and this suggests a model fiduciary holdings exception to be included where appropriate in such RSAs.  Members Only

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May 9, 2012

Representations Upon Elevation of a Participation

Members Only.

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Jul 29, 2011

YRC Worldwide, Inc.

Members Only.

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Feb 2, 2011

Multiple Distressed Shift Dates

This Advisory addresses how the market should handle a credit which shifts to trading on distressed documents, then back to par documents, and then returns to trading on distressed documents.  Members Only

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Guidelines & Memos

Displaying 16-20 of 20 results.
DateTitle/DescriptionFiles
Apr 19, 2007

Securities Laws Exemptions in the Purchase and Sale of Securities Issued Under a Chapter 11 Plan

Non-Member Price is $5,000. Call (212) 880-3000 to inquire about purchase.

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May 18, 2005

Primary Market and Agent Transfer Practices

Members Only.

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May 16, 2005

Trade Checklist (with instructions)

Members Only.

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Apr 23, 2003

Standard Amendment Procedures

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

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Jan 17, 2003

Memorandum re: Loan Trades Eligible for Exemption from New York State Statute of Frauds

Members Only.

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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 16-20 of 22 results.
DateTitle/DescriptionFiles
Jun 9, 2017

Proceeds Letter for Post-Effective Date Distressed Trades

Blacklined against the currently effective version

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Jun 9, 2017

Short Form Proceeds Letter for Post-Effective Date Distressed Trades

Blacklined against the currently effective version

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Feb 28, 2017

Avaya Market Advisory

Blacklined against the draft dtd February 17, 2017

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Jan 26, 2017

LCDS Physical Settlement Rider - iHeart

Blacklined against document dtd November 24, 2014

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Nov 7, 2016

Bilateral Netting Agreement - Par/Near Par

Blacklined against the Bilateral Netting Agreement - Par/Near Par dtd April 2004

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