"When we considered utilizing the standard LSTA market document, we found that it couldn't handle the inevitable 'credit-specific' modifications that arise from time to time." -- Howard Shams, managing director in leveraged finance at Credit Suisse, regarding loan-only credit default swap documents.
"When we considered utilizing the standard LSTA market document, we found that it couldn't handle the inevitable 'credit-specific' modifications that arise from time to time."
