Settling challenging trades as quickly as possible requires expertise and close alignment from the buy-side and sell-side closers and administrative agents. Our panelists brought their perspectives to the conversation and demonstrated their problem-solving skills in a case study-style discussion. Presented by Ellen Hefferan, Executive Vice President of Operations & Accounting, LSTA; Connie Baily-Blake, Vice President,...
In its 2016 Liquidity Risk Management Rule, the SEC classified loans as “less liquid investments” (which typically meant they could be sold in seven calendar days although the trades would take longer to settle).
Lenders and their service providers are trying to improve the accuracy, timeliness, and completeness of data to assist in decision-making and analytical processing.
Today CUSIP Global Services (“CGS”) announced the launch of a unique entity identifier created specifically for the $5 trillion syndicated loan market and the private credit space. The CUSIP Entity Identifier (CEI), a unique 10-character code assigned to each legal entity holding corporate loans, was developed in collaboration with the LSTA and Versana. Background: Traditionally,...
The LSTA applauds the continuing momentum as Deutsche Bank, Morgan Stanley, U.S. Bancorp, and Wells Fargo became the latest to invest in Versana’s transformative digital data platform. Their collaboration and $40 million new equity capital investment with initial stakeholders – JPMorgan, Bank of America, Citigroup, and Credit Suisse – strongly indicate that the leading banks...
What is ISO? The International Organization for Standardization (“ISO”), an independent non-governmental organization of national standards bodies from more than 160 countries. It has published standards for a wide range of industries, including ISO 20022, a new message format that many global payment and messaging systems are adopting. Last week, the LSTA and LMA published...
Do you have loans? Do you have specific questions regarding your loans? Have there been times when you don’t know to whom you should direct those questions? Well good news! Today the LSTA is pleased to announce that a DIRECTORY AND ESCALATION MATRIX has been created to improve communications among leveraged loan market participants. The...
