Non-Performing Loans
Instituting Primary Delayed Compensation Amid Covid-19.
In order to shorten trade settlement, the Primary Delayed Compensation Protocol was approved by the LSTA Board of Directors in October 2018. The protocol went live on March 16, 2020.
Insight May 2020
The Primary Delayed Compensation (“PDC”) Protocol revises the definition of Trigger Date & Early Day Trade
It also adds the definition of 2 new types of trades: Pre-Trigger Trade and Post-Trigger Trade.