|
|
Article: United States: RLPC-Markit and DTCC join to streamline loan processing.
- Article from:
- TendersInfo
- Article date:
- October 31, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
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 ...