TITLE

Syndicated Loans Market Embraces Automation

AUTHOR(S)
Kentouris, Chris
PUB. DATE
February 2010
SOURCE
Securities Industry News;2/22/2010, Vol. 22 Issue 4, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on companies involved in the automation of the syndicated loans market. Markit Group has acquired the assets and intellectual property of Storm Networks and ClearPar. Pat Loret de Mola, president of Trade Settlements, opined that the automation of their platform was superior to that of ClearPar's. The operations of Depository Trust & Clearing Corp. and Euroclear, two firms that ensure lenders receive and are paid the correct interest rates on syndicated loans, are also discussed.
ACCESSION #
48312714

 

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