Today's new breed of lenders uses portfolio theory and the secondary market trading of syndicated loans to manage the credit risk of their loan portfolios. Oliver This book covers: Who the major players in the syndication loan market are Why syndication loans are used Syndication loan structures and documentation 4 Sep 2019 There was a time when banks lent to their corporate borrowers and simply kept those loans on their books, never contemplating that loans would 22 Jul 2019 The Loan Syndications and Trading Association (“LSTA”)1 rather, ownership is recorded on the books of the Administrative Agent. Payment
4 Sep 2019 There was a time when banks lent to their corporate borrowers and simply kept those loans on their books, never contemplating that loans would 22 Jul 2019 The Loan Syndications and Trading Association (“LSTA”)1 rather, ownership is recorded on the books of the Administrative Agent. Payment
The Loan Syndications and Trading Association is the trade a ssociation for the floating rate corporate loan market. The LSTA promotes a fair, orderly, and efficient corporate loan market and provides leadership in advancing the interest of all market participants. This is equivalent to 19% of new originations on the primary market that year and to 9% of outstanding syndicated loan commitments. In Europe, trading amounted to $46 billion in 2003 (or 11% of primary market volume), soaring by more than 50% compared to the previous year (Graph 5). A SYNDICATED LOAN REQUIRES AN AGENT TO ADMINISTER THE LOAN UNTIL IT MATURES •The administrative agent administers the loan; it is the agent of the lenders and not the agent of the borrower. In practice, however, the agent often has the business relationship with the borrower. (The agent’s role should Co-published by McGraw-Hill and the Loan Syndications and Trading Association (LSTA), The Handbook of Loan Syndications and Trading fully explains the evolution and history of the loan market…primary and secondary markets …analytics and performance…the credit agreement… pricing and all legal and regulatory issues.
In book: Syndicated Loans, pp.6-14 this increasingly global market, focusing on participants, pricing mechanisms, primary origination and secondary trading. an overview of the Australian syndicated loan market and highlights the lack of a secondary loan trading market. It examines how standardisation of syndicated trading and settling of corporate loans, especially large syndicated loans. financial institutions automate the portfolio management of high risk products, the secondary trading of syndicated loans represented a minuscule percentage of Active loan portfolio management can avert some to the risks presented by The “retail” market for a syndicated loan consists of banks and, in the case of PowerShares Senior Loan Portfolio (BKLN), which is based on the S&P/LSTA Loan The first was a more active secondary trading market, which sprung up to LPC is the premier global provider of syndicated loan pricing news, data, and drive valuation, syndication, trading, and research and portfolio management The trading volume of syndicated loans has expanded from $8 billion in 1991 to in debt trading: Evidence from the secondary loan market” Market-to-book.
Syndicated Lending aims to increase the readers awareness of the benefits and risks involved in taking part in the Syndicated Loan market. This book covers: *Who the major players in the syndication loan market are *Why syndication loans are used *Syndication loan structures and documentation *Secondary syndication loan market The Handbook of Loan Syndications and Trading is the first resource especially designed to equip institutional investors and professional money managers with expert analysis and insights on every key aspect of this rapidly growing financial market.