The Loan Syndications and Trading Association is hosting a conference call Nov. 2 to decide whether to adopt as a market standard delayed compensation for secondary market when-issued trades that do not settle within seven business days after funding to the borrower. The call will start at 4:30 and relate to feedback given since new confirms went live in May. If the proposal is approved, it would govern trades made on the new par trade confirm that will then be effective in January. The vote is for LSTA members only and members can contact Jane Summers at jsummers@lsta.org for registration instructions.
LSTA To Hold Delayed Comp Vote