• Revisions to the LSTA's Trading Documentation - Interest and Accruing Fees
  • September 16, 2016 | Authors: Justine J. Block; Jeffrey L. Schwartz; Ariele T. Strauss
  • Law Firm: Hahn & Hessen LLP - New York Office
  • The Loan Syndications and Trading Association (the “LSTA”) has published revisions to the Standard Terms and Conditions for Par/Near Par Trades (the “Standard Terms”), which will take effect in two phases, with the first phase to take effect on September 1, 2016 and the second phase on November 1, 2016. The revisions to the Standard Terms reflect a change from a no-fault system to a requirements-based system with respect to a party’s right to receive Interest and Accruing Fees.