Commonly referred to as the LSTA. The Loan Syndications and Trading Association, Inc. is a not-for-profit organization formed to develop standard settlement and operational procedures, market practices, and other mechanisms to improve the liquidity of the secondary trading market for corporate loans originated by commercial banks and other similar private debt. It was formed in 1995 and its members include banks, funds, law firms, broker-dealers, and other major financial organizations. Among other things, the LSTA has developed certain standard documents (such as an assignment agreement) and provisions for bank loan agreements that are commonly used by major bank lenders.

For further information, see the LSTA website.