Our panelists will rethink loan operations given the possibilities afforded by cloud and digital technologies. This session will focus on how open architecture and system interoperability will create workflows that are vastly different from today. Presented by ELLEN HEFFERAN, EVP Operations & Accounting, LSTA, BRIAN BEJILE, Chief Executive Officer, Octaura, SOMEERA KHOKHAR, Founder & CEO,...
Learn how the latest technologies and data strategies can power the next phase of front to back-office operations. Your ability to access real-time loan information will facilitate trading, settlement and the reconciliation of accruals, payments, and positions for your firm. Presented by ELLEN HEFFERAN, EVP Operations & Accounting, LSTA, DAVID KAMP, Chief Technology Officer, Versana,...
As emerging technologies create efficiencies in this age of rapid and unprecedented disruption, operations professionals in banks have never been more essential. That statement sounds counter-intuitive until you consider the complexity of the loan asset class. A loan is not a security and much of the way the market operates is not standard. If you...
This session will provide an overview of secondary loan trading and settlement performance along with the key provisions of LSTA documentation used by loan market participants to trade and settle loans, while examining the factors that drive loan settlement....
CUSIPs have been a critical identifier in the syndicated loan space – and the LSTA’s Ellen Hefferan explains that they will remain the gold standard after their divestiture by S&P and acquisition by FactSet.
As 2021 Secondary Trade Volume is on pace to surpass $800B, the mean par settlement times have trended above their five-year average for the better part of the past 15 months. Overall, while 29% of par trades settle within T+7, 27% settle later than T+20. Written by Ellen Hefferan....
In a world that is filled with uncertainty, people tend to gravitate toward familiar practices. By tweaking solutions that have worked in the past, the hope is that efficiencies are gained....
The LSTA will roll-out the Primary Delayed Compensation Protocol (the “Protocol”), a comprehensive new standard that will expedite the settlement of primary allocations and secondary trades, during the 1st quarter of this year....
The Protocol applies to a “Primary Allocation” which is an allocation of new money by a syndicate desk in connection with either (i) a new issue syndication or (ii) an amendment of an existing Credit Agreement. In addition, the Protocol affects when-issued secondary trades by (i) changing what constitutes an Early Day Trade and (ii)...
This presentation was done at the 25th Annual ABS East Conference that took place in Miami, FL. It was presented by our very own Ellen Hefferan along with Linc Finkenburg of Perkins Cole, Nitish Idnani of Deloitte & Touche LLP, Ben Jordan of Wilmington Trust and Cindy Tjoe of KPMG LLP. We discussed how one...
