The DTCC launches syndicated loan service

According to the DTCC, the service, in addition to enabling agent banks and lenders to reconcile loan positions on a daily basis, takes loan reconcilement to a more detailed level. It will provide market participants with information on interest rates, margin and fee calculations, drawn and unutilised balances, payment-in-kind balances and other data that will further automate and streamline the processing of syndicated loans.

To continue reading...