SunGard Expands Loanet
With the launch of Loanet Automated Rebate Collection, SunGard has expanded its Loanet suite of securities finance solutions to help securities finance, operations, trading and technology professionals more efficiently handle the collection and settlement of rebates from firms borrowing or lending securities.
The borrower and the lender of a security accrue rebates that are generally collected by the payee on a monthly basis. Each party maintains its own records and relies on manual processes
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