A dozen major market participants in bank debt trading recently announced the formation of the Debt Traders Association.

The association will work to promote the orderly development of a fair, efficient, liquid, and professional trading market for loans originated by commercial banks and other similar private debt. The association plans to establish standard settlement procedures, operational procedures, and market practices for trading par and distressed bank debt.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.