This agreement is in two parts and is used to settle a par trade where the buyer cannot become a lender of record and must settle the trade as a participation. The second part includes the Standard Terms and Conditions.
This annex may be used when settling a par trade of a revolving credit facility as a participation where there are unfunded commitments. It forms part of the Par Participation Agreement and Schedule 1 to the Annex is completed by the parties.
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.