Profile
Location
New York
Member since
2018
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Patricia's blog archive

2019 (3)
Patricia Tessier

Patricia Tessier

Managing Director at IHS Markit
Message Message me Posts: 3 Comments: 0
Bio I am responsible for business development and operations for several technology solutions to the syndicated loan markets, including ClearPar, Notice Manager, Custodian Services, Position Reconciliation, Loan Reference Data, Debtdomain and Loan Processor, an integration and workflow product.

Blogs

Banking Strategy, Digital and Transformation

Distressed Loan Settlement: New Thinking and Technology for Inventory Management and Upstream Review

18 Apr 2019

Mike Kerrigan, partner, Hunton Andrews Kurth LLP, and manager, Magis Analytics LLC, is coauthor of this article. In an earlier post, I mentioned three rules for driving change in the loan market: Rule #1: What can be standardized must be standardized. Rule #2: What has been standardized must be automated. Rule #3: Go back to Rule #1, and then...

Post-Trade Forum

Distressed Loan Settlement: The PSA Solution

07 Feb 2019

In an earlier article I suggested that we can finally address the challenge of extremely long trade settlement times in the distressed loan market (T+66 is the current average) by applying three rules for driving technology and process change. Rule #1: What can be standardized must be standardized. Rule #2: What has been standardized must be ...

Post-Trade Forum

Distressed Loan Settlement: A Time for Change

16 Jan 2019

Settling LSTA distressed loan trades in the secondary market is complex and time-consuming. Unlike the par loan market, distressed features additional requirements for inventory management, due diligence and documentation. As a result, the average settlement time for distressed loans in 2018 was more than four times greater (T+67) than that of...