21 September 2017
Visit http://response.ncr.com

IHS Markit brings reconciliation to syndicated loans market

23 September 2016  |  4797 views  |  0 Source: IHS Markit

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that it has launched a new portal to reconcile syndicated loan positions.

In January, Markit acquired Loan/SERV reconciliation assets from The Depository Trust & Clearing Corporation (DTCC) and the new Loan Reconciliation portal is part of IHS Markit’s concerted effort to reduce the number of systems required to manage syndicated loan assets.

The new portal incorporates historical data from Loan/SERV and its formats for upload and reporting, making migrating to the new service seamless. The portal offers an improved interface, multi-party search functionality, standardized use of identifiers, additional transparency for lenders regarding agent activity and streamlined workflow for agent banks which no longer need to approve data matches entered by lenders.

Scott Kostyra, head of Loan Settlement at IHS Markit, said: “Bringing reconciliation to our family of services for the loan market improves efficiency and transparency. Our goal is to link trade settlement, reconciliation and portfolio management in order to remove some of the operational challenges sometimes associated with this complicated, yet important and growing asset class. We look forward to expanding the reconciliation tools we offer, including the support required to make reconciliation a real-time automated process, rather than a daily or weekly exercise.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.capgemini.comvisit www.abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11317 views comments | 24 tweets | 40 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10532 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9274 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7808 views comments | 5 tweets | 4 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
7572 views comments | 18 tweets | 26 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job