TITLE

Distressed Loans: Can Automation Solve Settlement Backlog?

AUTHOR(S)
Kentouris, Chris
PUB. DATE
June 2010
SOURCE
Securities Industry News;6/21/2010, Vol. 22 Issue 12, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines the capabilities of the automated systems of Markit Group and of Trade Settlements Inc. (TSI) in addressing the settlement backlog of distressed loans. The types and operations of distressed loans are discussed for both primary and secondary markets. The entry of Markit into the syndicated loans market is described along with the upgrade of TSI to accommodate distressed loans. The operations and limitations of the ClearPar platform of Markit are presented together with the platform of TSI.
ACCESSION #
51779313

 

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