Par Participation Agreement STCs (15Jan25)

We are attaching a draft revision to the ERISA provisions of the LSTA trading document listed below. The modifications have been made in connection with the recent changes to the U.S. Department of Labor’s Prohibited Transaction Class Exemption 84-14, as amended (the “QPAM Exemption”) finalized earlier this year. The blackline is compared to the document dated July 21, 2023.

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Blackline_Par-Participation-Agreement-STCs-15Jan25vs21Jul23.pdf

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