Loan Market Highlights and LSTA Initiatives
Loan Market Highlights and LSTA Initiatives
Do you want to have a greater impact and become more agile as a new or seasoned loan market professional? First, you must master the fundamentals and intricacies of this asset class. Join our speakers as they connect the dots throughout the stages of the loan life-cycle – underwriting, syndication, credit approval, credit documentation (deals, facilities, pricing, transfer provisions), onboarding and agency servicing. Primary allocations and secondary trade confirms, standard terms and conditions and pricing will also be reviewed.
Within the loan market, there are significant roadblocks that prevent faster settlement times for primary allocations and secondary trades. Our speaker will analyze settlement data and timeline information to shed light on one of the loan market’s most pressing deterrents.
When amending a deal, when should a new facility be issued vs. the existing facility retained? Is it important to maintain historical data? Should there be a market standard when employing cashless rolls to extend a maturity date or change an interest rate? If a facility is fungible, when does it funge? The trading, settlement, operational and regulatory implications inherent in these questions will be discussed. The importance of the timely application, publication, dissemination, and maintenance of CUSIPs will be reviewed. The LSTA’s and Coefficient Markets’ efforts to synchronize identifiers and identifier changes across the market will be explained.