DTCC Plans to Automate Syndicated Loan Processing

February 2008
Money Management Executive;2/18/2008, Vol. 16 Issue 7, p5
The article reports that the Depository Trust & Clearing Corp. is planning to launch Loan/SERV, which aims to help automate and streamline the processing of syndicated commercial loans in the U.S. Syndicated loans are complex structures involving multiple lenders for each borrower, with an agent bank acting as the liaison. The primary loan transactions may include a combination of term and revolving loans, and are routinely traded in secondary market.


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