The Loan Syndications and Trading Association (LSTA) and a team of professionals and lawyers from major credit companies have entered into a standard credit agreement after nearly two years of work on the project. The model is not intended to standardize aspects that apply to the profitability of the borrower concerned, such as. B corporate and financial agreements, but rather to reflect the provisions generally used by the credit market. It was designed around the concept of an uninsured credit agreement for the investment-level borrower with a revolving credit facility in a single tranche. For a borrower who has taken out a fixed-term loan, the agreement must be amended accordingly. In addition, the model does not contain provisions that were not previously included in other credit agreements.