Trade Settlement launches primary loan management system
Trade Settlement Inc (TSI), a provider of automated loan settlement technology, has launched a new generation primary loan management system which provides fast, efficient, secure and fully-electronic closings for the growing primary loan business.
The LSTA's statistics currently show corporations routinely borrowing amounts in excess of USD5bn from multiple lenders often to fund acquisitions.
The new dashboard has a 360 view of all allocations across all lenders in the deal. Managers are presented with real-time figures for total closed today, total to date, and total unsettled which can be easily exported to Excel and emailed directly from the platform.
The new complete Primary system includes a high speed importer for getting lender lists into the system quickly and accurately, verifies available Know Your Customer information such as administrative details and tax forms and allows rapid customisation of the standard institutional allocation confirmation per deal.
Pat Loret de Mola, TSI's founder and chief executive, says: "Based on our decade of serving as an all-electronic settlement agent for the private loan trading market, we knew we could do better than current, mostly manual systems or other outsourcers. So we built this new, easy-to-use cloud-based capability. It is now available to all and is packaged with our follow-on secondary settlement capabilities."
Clients will be offered promotional pricing on a first come, first-served basis.
- By Category
- News from other sites
- Special Reports
- Partner events