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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 33 results.
DateTitle/DescriptionFiles
May 17, 2019

Bilateral Netting Agreement - Par/Near Par

This form is used when partes net two par trades entered into between them.  Non-members contact LSTA at (212) 880-3000.

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May 17, 2019

Bilateral Netting Agreement - Distressed

This form is used when parties net two distressed trades entered into between them.  Non-members contact LSTA at (212) 880-3000.

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Apr 18, 2019

Israel Par-Near Par Trade Confirmation

This document is in Hebrew.

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Apr 18, 2019

Israel Par-Near Par Trade Confirmation STCs

This document is in Hebrew.

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Apr 18, 2019

Israel Participation Agreement for Par-Near Par Trades TSTs

This document is in Hebrew.

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Market Advisories

Displaying 16-20 of 44 results.
DateTitle/DescriptionFiles
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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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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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 16-19 of 19 results.
DateTitle/DescriptionFiles
Apr 4, 2019

Purchase and Sale Agreement for Distressed Trades STCs - Blacklined

Against the document dtd June 9, 2017

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Apr 4, 2019

Participation Agreement for Par-Near Par Trades STCs - Blacklined

Against the document dtd June 9, 2017

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Apr 4, 2019

Participation Agreement for Distressed Trades STCs - Blacklined

Against the document dtd June 9, 2017

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Apr 4, 2019

Proceeds Letter - Blacklined

Against the document dtd June 9, 2017

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Blacklined Documents

Displaying 16-20 of 22 results.
DateTitle/DescriptionFiles
May 17, 2019

Bilateral Netting Agreement - Par/Near Par

Blacklined against the Bilateral Netting Agreement - Par/Near Par dtd November 7, 2016

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May 17, 2019

Bilateral Netting Agreement - Distressed

Blacklined against the Bilateral Netting Agreement - Distressed dtd November 7, 2016

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Mar 7, 2019

US Sanctions Issues in Lending Transactions

Blacklined against the US Sanctions document dated August 1, 2018

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Aug 10, 2018

Blacklined - New ERISA Representations for LSTA MCAPs

Against the draft dtd June 13, 2018

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Jun 9, 2017

Alternative ERISA Representation

Blacklined against the currently effective version

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