Article: United States: RLPC-Markit and DTCC join to streamline loan processing.

Byline: Mamta03

Financial information services firm Markit and American central securities depository, the Depository Trust & Clearing Corporation (DTCC), announced plans to combine services for the syndicated loan market on Friday.

The partnership will reduce counterpary and operational risk in the multi-trillion dollar syndicated loan market by streamlining the back-office processing of syndicated loans and improving communication between loan buyers and sellers.

"The syndicated loan market is one of the largest credit asset classes ... It is only by improving communication across the marketplace that we can speed loan settlement times and ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!