Pre-migration untagged articles

JPMorgan and Bank of America are taking definitive steps to add language to future credit agreements that will detail protocol for dealing with defaulting lenders.

Fixing settlement to improve closing times iis more important than ever, but demands a holistic approach, Elliott Ganz, Loan Syndications & Trading Association general counsel, said at a panel on the subject at the LSTA conference Thursday.

Pessimism was the general tone at the Loan Syndication and Trading Association's annual conference last Thursday, with rising default rates and decreasing recoveries predicted.

One of the lighter moments of last week's Loan Syndications and Trading Association's annual conference came during the regulation panel.

The Loan Syndications and Trading Association hosted its 13th annual conference Oct. 23 in New York City.

The Loan Syndications and Trading Association hosted its own loan version of “Who Wants To Be A Millionaire?” at its annual conference last week.

The Loan Syndications and Trading Association began developing its Financial product Markup Language to establish an electronic data exchange format to improve communication between banks and lenders and eliminate fax transactions.

The new non-cancellable single-name loan-only credit default swap contract could be ready at the end of November, early December.

Andy O'Brien, managing director and co-head of leveraged finance at JPMorgan, explaining the advantages of loan and bond prices being very similar.

American International Group may need more than the $122.8bn that the government has made available to it.

Thirty year swap spreads were dealing at minus 2bp/minus 3bp yesterday afternoon in New York as a series of unusual hedging requirements send receivers into this maturity in droves. Thirty year swap rates were around 4%, while Treasury yields were at around 4.03%.