"Revised LSTA Form of Collateral Annex" by Paul Haskel and James Ohlig

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July 2, 2013

On June 28, 2013, the Loan Syndications and Trading Association, Inc. (the “LSTA”) published a revised form of Collateral Annex for Participations in response to increasing market concerns with counterparty credit risk and frustrations with delayed settlement of participations in unfunded revolving commitments. 

In this memorandum, Richards Kibbe & Orbe LLP attorneys Paul B. Haskel and James J. Ohlig discuss the significant changes to the Collateral Annex and the LSTA’s Trade Confirmations.

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