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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 21-25 of 33 results.
DateTitle/DescriptionFiles
Apr 18, 2019

Israel Participation Agreement for Par-Near Par Trades STCs

This document is in Hebrew.

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Jun 9, 2017

Alternative ERISA Representation

The document sets forth more limited seller and buyer representations regarding compliance with ERISA than those contained in the LSTA's Purchase and Sale Agreement for Distressed Trades. Non-members contact LSTA at (212) 880-3000.

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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-members contact LSTA at (212) 880-3000.

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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-members contact LSTA at (212) 880-3000.

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Nov 24, 2014

LSTA Form of Loan Credit Default Swap Physical Settlement Rider

This rider is intended to be used with the Syndicated Secured Loan Credit Default Swap Standard Terms Supplement published by the International Swaps and Derivatives Association, Inc.  Non-members contact LSTA at (212) 880-3000.

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Market Advisories

Displaying 21-25 of 45 results.
DateTitle/DescriptionFiles
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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Jan 20, 2011

Six Flags

Members Only.

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Dec 13, 2010

MediaNews Group, Inc.

Members Only.

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Sep 28, 2010

Settled Without Accrued Interest Trades That Flip to Flat

This Advisory addresses how certain Interest and Accruing Fees should be treated for trades that were entered into on a “Settled Without Accrued Interest” basis and have settled on the LSTA’s Purchase and Sale Agreement for Distressed Trades where the credit has “defaulted”.  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 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 21-22 of 22 results.
DateTitle/DescriptionFiles
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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