We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

Streamlining and efficiency: LMA revisions move par and distressed terms closer together

01 March 2010

IFLR

The secondary loan market has grown over the last decade as financial institutions use it to distribute risk, generate new revenue streams and manage problematic credits and balance sheets. The Loan Syndications & Trading Association (LSTA) in New York and Loan Market Association (LMA) in Europe have responded. On 25 January 2010, the LMA launched its revised secondary trading documentation. This has not changed the fundamental principles and mechanics of the debt trading documentation and process, but it streamlines them and reflects changes in market conditions.



Click here to read full article

The team

Loading data