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Effective December 1, 2021, the Loan Syndication and Trading Association (LSTA) has issued a revised suite of loan trading documents modified to replace LIBOR (London Interbank Offered...
Effective December 1, 2021, Loan Syndication and Trading Association LSTA issued a revised suite of loan trading documents modified to replace LIBOR London Interbank Offered Rate with SOFR Secured Overnight Financial Rate as metric by which cost of carry will be calculated for all new loan trades