TITLE

DTCC, Markit Improve Reconciliations

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
April 2009
SOURCE
High Yield Report;4/20/2009, Vol. 20 Issue 16, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the Depository Trust and Clearing Corp. (DTCC) and Markit have started collaborating on a computer program to aid buyside loan participants automate the syndicated loan reconciliation process. An overview of loan reconciliations is presented. It offers information on the loan management system of Markit and the reconciliation service of DTCC. DTCC vice president of global loans product management Chris Childs believes that the program will eliminate an inefficient manual process and replace it with an automated answer.
ACCESSION #
45124935

 

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