Secondary Trade Settlement
LSTA/LMA par and distressed trade settlement, T+ aging
Trades in Flight
5
Settled
2
Pending
2
Failed
1
About This Agent
Data on this page
The table lists five trades in flight across facility, trade type (Par or Distressed), counterparty, amount, settlement age (T+ days), and status. The stat cards summarize trades in flight (5), settled trades, pending trades, and failed trades.
What this agent does
This agent tracks LSTA/LMA par and distressed secondary loan trades against standard settlement conventions — typically T+7 for par trades and a longer window (often T+20 or more) for distressed trades. It ages every open trade in real time, flags trades running past their expected settlement window in red, and lets an operator trigger resettlement on trades that failed.
Worked examples
- Solent Maritime TLB: a $12M par trade with Blackstone Credit failed to settle at T+7.
- Redwood Industrials TLB: a $15M distressed trade with Oaktree Capital is pending at T+18, within typical distressed settlement norms.
- Halcyon Ventures Bridge: a $9M distressed trade with Cerberus Capital is flagged red at T+24 for running past the expected settlement window, with "Resettle" available.
| Facility | Trade Type | Counterparty | Amount | Settlement Age | Status | Action |
|---|---|---|---|---|---|---|
| Solent Maritime TLB | Par | Blackstone Credit | $12M | T+7 | Failed | |
| Bergman Industrial TLB | Par | Ares Management | $8M | T+2 | Settled | |
| Redwood Industrials TLB | Distressed | Oaktree Capital | $15M | T+18 | Pending | |
| Vantage Infrastructure TLA | Par | PGIM | $22M | T+3 | Settled | |
| Halcyon Ventures Bridge | Distressed | Cerberus Capital | $9M | T+24 | Pending |