Concept Credit Agreement Compounded SOFR (Aug 3 2023)
Attached is the Daily Compounded SOFR “Compound the Rate” Concept Document. The blackline, against the document dated February 27, 2023, is attached below as well…
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Concept Credit Agreement DSS (Aug 3 2023)
Attached is the Daily Simple/SOFR/DCS “Compound the Balance” Concept Documents. The blackline, against the document dated February 27, 2023, is attached below as well (it…
Simple RFR Multicurrency Concept Document (Feb 15 2022)
This document is an illustrative example of an RFR-referenced credit agreement with interest computed on a simple, in-arrears basis. This credit agreement is for a…
Term SOFR Concept Document (Dec 17 2021)
An updated version of this document was published as an LSTA Form on February 27, 2023. This version is available for reference with ISDA’s Template…
Blackline of Term SOFR Concept Document Against LIBOR Term Loan Form (Aug 25 2021)
A blackline against our LIBOR referenced term loan form dated January 17, 2020.
LSTA’s SOFR Concept Credit Agreement – Daily Simple SOFR/Daily Compounded SOFR (May 5 2021)
An updated version of this document was published on February 27, 2023. This version is available for reference with ISDA’s Template IV-A and Template II-L…
How to KISS for RFR Multicurrency Facilities
This week the LSTA circulated an initial draft of the LSTA's Simple RFR Multicurrency Concept Document. This draft references the relevant risk-free rate (RFR) for…
Simple SOFR is Even Simpler
This summer has seen a number of tools added to the LIBOR transition toolbox, such as the Updated ARRC Hardwired Fallback Language (“Hardwired Fallback Language”)…
Demystifying the LSTA’s Draft SOFR “Concept Credit Agreement”
Recently, the LSTA took the next step in its efforts to educate market participants on replacement benchmarks by distributing a draft “concept credit agreement” referencing…
Demystifying the LSTA’s SOFR Concept Credit Agreement Presentation
What is a “concept credit agreement”? Why is the LSTA developing one? What is that math formula? Find out all you need to know about…
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