Search Results

Total Results: 

LIBOR: Soup to Nuts in 30 Minutes

On Thursday, some 600 members attended the LSTA’s “The End of LIBOR: The Big Picture” webcast, a reference presentation intended help folks quickly come up to speed on i) Why LIBOR is ending, ii) what is the anticipated replacement rate (SOFR), what are its variants and how do they behave, iii) status and key steps for replacing LIBOR loans with SOFR loans and iv) key resources. Our next LIBOR webcast – “Demystifying the LSTA’s SOFR Concept Credit Agreement” – will take place on December 3rd.

Pre-Holiday Market Check In

While some headlines might suggest otherwise, we know that markets ebb and flow. After all, that’s what makes them markets. Today we are doing a short pre-holiday check in on how that ebbing-and-flowing loan market is doing.

The Rise of Sustainability Linked Loans

ESG and sustainability are two buzzwords that crop up more and more in the financial markets – the loan market included. According to Bloomberg, $97 billion in green loans and sustainability linked loans have come to the global loan market in the first three quarters of 2019. Of that activity, more than $55 billion in volume represents sustainability linked loans.

SOFR Loan Spotted

According to CME, there have been over $300 billion of SOFR floating rate issuances through October 2019. While material, that’s kind of old news. The new news? That SOFR bilateral loans are beginning to appear publicly.

Desperately Seeking Syndications

re you a JOB SEEKER? If so, you should check out the LSTA Loan Market Job board on our newly-designed website at https://www.lsta.org/loan-market-jobs/.

RelVal to the Rescue?

For the second time in three months, loan returns were negative in the loan market. After returning 0.47% in September, the S&P/LSTA Leveraged Loan Index (LLI) produced a 0.43% loss in October –the worst monthly print this year.

Simple Minds?

There has been considerable discussion about the variants of SOFR on these pages (and at the LSTA Conference last week in the Introduction to LIBOR Cessation and SOFR Operationalization panels). Specifically we’ve discussed the pros and cons of SOFR Compounded in Advance and Forward Looking Term SOFR

SOFR: Your Vote Counts

SOFR tools are coming! On November 4th, the FRBNY released a request for public comment on an official “SOFR Compound Average” and a “SOFR Index”. Below, we describe these tools, their use cases and several questions from the consultation. The LSTA is considering responding.

Become a Member

Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.

View a list of all members.

Our Partners

cusip-global-services-vector-logo.svgFitch Group logoRefinitiv-(March-2019)SP-Global-Market-Intelligence

Search Results by Relevancy

LIBOR: Soup to Nuts in 30 Minutes

On Thursday, some 600 members attended the LSTA’s “The End of LIBOR: The Big Picture” webcast, a reference presentation intended help folks quickly come up to speed on i) Why LIBOR is ending, ii) what is the anticipated replacement rate (SOFR), what are its variants and how do they behave, iii) status and key steps for replacing LIBOR loans with SOFR loans and iv) key resources. Our next LIBOR webcast – “Demystifying the LSTA’s SOFR Concept Credit Agreement” – will take place on December 3rd.

Global Legal Insights to: Blockchain & Cryptocurrency Regulation 2020

This article called The Loan Market, Blockchain, and Smart Contracts: The Potential For Transformative Change provides a brief description of the loan market and its participants to put our conversation in context, sets out the basics of blockchain technology, reviews the concept of “smart contracts”, and examines how the primary and secondary loan markets can benefit […]

Loan Market Holiday – Thanksgiving Day – November 28, 2019

In observance of Thanksgiving Day, the Loan Syndications and Trading Association (LSTA) recommends treating Thursday, November 28, 2019 as a loan market holiday for purposes of calculating delayed compensation under the LSTA standard forms of trade confirmation.

LSTA Newsletter: November 15, 2019

This week, we start off with a SOFR loan spotting (yes, Virginia, there is a SOFR loan!). We move on to another rising loan type: Sustainability linked loans – what they are, how they are measured and how their volumes are changing. We also dip into the markets, checking in on how loan terms and […]

The End of LIBOR: Understanding the Big Picture Presentation

LIBOR is very likely to end shortly after the end of 2021. But why is it ending, what will replace it…and what should loan market participants do to prepare? The End of LIBOR: Understanding the Big Picture Presentation presented on Thursday, November 14, 2019 by Meredith Coffey, LSTA EVP – Research and Public Policy; Alternative […]