August 14, 2019 - Yesterday, the LSTA released drafts of the LSTA trading documents to be used in connection with the new Primary Delayed Compensation Protocol. Below, please find links to the clean drafts and blacklines marking the changes to the current versions of the Par/Near Par Trade Confirmation and Standard Terms and Conditions for Par/Near Par Trades. The secondary documentation has been amended to reflect the addition of Pre-Trigger Trades and Post-Trigger Trades. Early Day Trades have been retained as they will continue to be applicable when the Primary Delayed Compensation Protocol does not apply.

You may want to refer to the Glossary of Terms and to the Primary Delayed Compensation Protocol which have been updated to reflect the documentation.

Please provide your comments by no later than September 10th. If you have questions or comments, please contact

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 our Latest Member Spotlight

Our Partners

CUSIPDeal Catalyst transparent colourFitch Group logolseg_da_logo_hrz_rgb_posMorningstar