Our speakers analyzed the secondary loan market, liquidity, and settlement times – with a concentration on the recent spike in volatility and the subsequent record levels of secondary volume. Then the conversation shifted over to settlement mechanics, as they examine credit agreement transfer provisions, primary allocation and secondary trade confirms, Standard Terms & Conditions and...
Our speakers analyzed the secondary loan market, liquidity, and settlement times – with a concentration on the recent spike in volatility and the subsequent record levels of secondary volume. Then the conversation shifted over to settlement mechanics, as they examine credit agreement transfer provisions, primary allocation and secondary trade confirms, Standard Terms & Conditions and...
LSTA Trade Data Study Secondary loan trading volume surged 15% in October, hitting $79.4 billion, the highest level since the second quarter of 2022 and the third-largest monthly total on record, according to the LSTA Trade Data Study. Monthly volume was $13 billion above the LTM average, with daily trading activity reaching $3.4 billion. This...
During the second and final week of the LSTA’s 2024 Summer Series, the LSTA staff shared their own insights with our members on two key areas. On Monday, July 22nd, Elliot Ganz and Andrew Berlin presented a webinar, “Regulation and the Loan Market” during which they discussed the LSTA’s approach towards advocacy and policy. On...
This session will provide an overview on the secondary loan market, trading activity and settlement times. The session will then cover LSTA documentation provisions used by market participants to trade and settle loans, while examining the factors that drive loan settlement. Presented by LSTA colleagues - Theodore Basta, EVP of Market Analytics & Investor Strategy,...
This session provided an overview on the secondary loan market, trading activity and settlement times. The session will then cover LSTA documentation provisions used by market participants to trade and settle loans, while examining the factors that drive loan settlement. Presented by LSTA colleagues - Theodore Basta, EVP of Market Analytics & Investor Strategy, Ellen...
Attached below is the presentation for the Secondary Loan Trading and Settlement Overview Presentation on Thursday, July 20, 2023. Presented by Theodore Basta, EVP of Market Analytics & Investor Strategy, LSTA; Ellen Hefferan, EVP of Operations and Accounting, LSTA and Hugo Pereira, VP, Market Analytics & Investor Strategy, LSTA....
Attached below is the replay for the Secondary Loan Trading and Settlement Overview Presentation on Thursday, July 20, 2023. Presented by Theodore Basta, EVP of Market Analytics & Investor Strategy, LSTA; Ellen Hefferan, EVP of Operations and Accounting, LSTA and Hugo Pereira, VP, Market Analytics & Investor Strategy, LSTA....
This session provided 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....
After recording consecutive record highs during the fourth quarter of 2018 ($211 billion) and again during the first quarter of 2019 ($212 billion), secondary loan trading volumes decreased 10% in the second quarter, to $191 billion. Volumes really tapered off during a lackluster risk/off third quarter where trade activity fell to a five-quarter low of...
