Meeting Date:
Thursday, May 26, 2011
CFTC Staff:
Terry Arbit
David Aron
Chris Cummings
Mark Fajfar
Julian Hammar
Stephen Kane
Somi Seong
Rose Troia
Organization(s):
The Loan Syndications and Trading Association (LSTA)
Loan Market Association (LMA)
Goldman Sachs International (Goldman Sachs)
Richards Kibbe & Orbe (Richards Kibbe)
WilmerHale
External Attendees:
Elliot Ganz (LSTA)
Tess Felfe (LSTA)
Meredith Coffey (LSTA)
Justin Conway (LMA/Goldman Sachs)
Jen Grady (Richards Kibbe)
Yoon-Young Lee (WilmerHale)
Additional Information:
Participants discussed the SEC/CFTC's proposed guidance with respect to loan participations (LPs). Participants also discussed the distinctions between LPs and loan total return swaps.