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Article: Markit and DTCC Link Up to Create Comprehensive Solution for Syndicated Loan Trades.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Markit, a leading global financial information services company and The Depository Trust & Clearing Corporation (DTCC) announced plans to bring together key services for the loan market in order to offer a comprehensive solution for the processing of syndicated loans. The initiative aims to increase efficiency and help reduce counterparty and operational risk in the multi-trillion dollar syndicated loan market.
DTCC is expected to contribute its Loan/SERV Messaging Service to Markit's electronic loan settlement platform. The Loan/SERV Messaging Service is a safe, secure and automated network for the transmission, receipt and online storage of industry standard ...