Market Standards
Market Standards
Operational efficiency will be built through the implementation and usage of loan identifiers, market participant identifiers and universal language: namely, CUSIPs, MEIs and FpML.
Best Practices
Universal acceptance and adoption of a standard set of guidelines that increases operational performance beyond that reached without such standards. Practices, such as KYC Guidelines, are developed, though market consensus, to provide for a standard methodology that can be implemented across LSTA member organizations.
Tax & Accounting
Actively engage in implementing changes brought about by Tax Regulations, standard setting due process by monitoring developments arising from standard settling activities by the FASB and IASB and development of accounting guidelines.
Committees and Working Groups
The LSTA navigates and leads the loan market ahead through its committees and working groups. Comprised by LSTA members, they provide a forum for loan market participants to shape and influence the direction of the industry—by consensus and resolution.
Identifiers
| Date | Title/Description | Files |
|---|---|---|
| Oct 19, 2011 | CUSIP Guidelines:Access requirements for when the loan market’s unique deal and facility identifiers, CUSIPS, should be requested, modified and terminated. | Login |
| Oct 19, 2011 | CUSIP Afternoon Seminar:Discussion of the LSTA’s CUSIP Guidelines, designed to standardize the CUSIP process throughout the loan market. | Login |
| Mar 3, 2011 | MEI Overview:Each loan market entity must obtain a Markit Entity Identifier (MEI), a unique identifier supporting operational efficiency. | Login |
FpML
| Date | Title/Description | Files |
|---|---|---|
| May 9, 2014 | FpML Schema - Interest Payment | Login |
| May 9, 2014 | FpML Schema - Interest PIK | Login |
| May 9, 2014 | FpML Schema - Letter Of Credit Fee Payment | Login |
| May 9, 2014 | FpML Schema - Letter Of Credit Issuance | Login |
| May 9, 2014 | FpML Schema - Letter Of Credit Maturity Change | Login |
Delayed Compensation
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