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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.

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.

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.   

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