The Swap Report

By David Surbeck, Reed Smith LLP In the attached piece, David Surbeck of Reed Smith LLP offers practical insights about the documentation of eligible contract participant (ECP) provisions in the context of single bank loan and syndicated agent lending transactions. You may access this article by clicking the following link: Download file This article makes reference to recent provisions published by the Loan Syndications & Trading Association ("LSTA") and the International Swaps and Derivatives Association ("ISDA").

You can access the ISDA provisions by going to www.isda.org and searching for "ISDA Keepwell" in the Search box (that is usually located in the upper right hand corner of the screen).  There are two related pieces: 1) the provisions themselves; and 2) a brief memorandum published by ISDA explaining these provisions.  ISDA published this material on April 18, 2013.

Good day.  Good, practical insights. TSR