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.

• Primary Allocation Confirmation: Clean Draft and Blackline
• Standard Terms and Conditions for Primary Allocation Confirmations: Clean Draft and Blackline
• Par/Near Par Trade Confirmation: Clean Draft and Blackline
• Standard Terms and Conditions for Par/Near Par Trades: Clean Draft and Blackline

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 10^th. If you have questions or comments, please contact ehefferan@lsta.org.