ClearStructure Financial Technology LLC (ClearStructure), providers of a leading portfolio management and bank loan trading platform, today announced a strategic partnership with Debtdomain, a leading provider of Web-based loan syndication and agency systems.
Under the agreement, Debtdomain will serve as a channel partner for ClearStructure's Sentry for Syndicated Loan Trading (Sentry LT).
Debtdomain will commence marketing Sentry LT to institutions that are actively trading syndicated bank loans. Sentry LT - designed specifically for bank loan traders - enables trade capture, generates settlement documentation, calculates profit and loss, manages trade work flow and implements trade risk analysis.
Scott Turley, CEO of Clearstructure, said, "By adding Debtdomain to our distribution channel we benefit from Debtdomain's deep network and experience on the sell-side of the loan market. Since the product launch of Sentry LT in 2009, we've seen robust demand for the platform and are proud to be teaming up with Debtdomain to capitalize on this opportunity."
"We firmly believe in the superiority of ClearStructure's technology, and given the crucial nature of eliminating manual processing and decreasing risks in the market, we are confident loan market participants will greatly benefit from using this product," said David Levy, Co-CEO, Debtdomain. "Debtdomain is very pleased to be able to offer Sentry LT to the market at this time of increased activity and general evolution in syndicated loan trading practices."