Trade Settlement Inc.® Announces Increase in Trade Settlement Volume
October 17, 2011
Trade Settlement Inc.®, a leading provider of automated loan
settlement technology, today announced that settlement volumes
processed through their fully automated browser-based platform have
dramatically increased by trading participants.
"Trade volume booked on our settlement platform has seen
significant growth quarter over quarter, with many buy-side
participants encouraging their trading partners to settle on TSI,"
said Pat Loret de Mola, President of TSI. "We continue to
make important advances in simplifying the workflow processes of
our platform, and the market has responded with tremendous
support."
Trade Settlement Inc. allows buy-side firms to settle on the TSI
platform at no cost, regardless of volume. Buy side
firms can take advantage of automatic document generation,
intelligent routing, and sophisticated review and signature
controls. The platform automatically links the
sell-side counterparties and agent banks into the settlement
workflow to allow for rapid and error-free settlement
processes.
"As global loan trading volumes increase we have been fielding
calls from eager participants and actively marketing to firms that
will see immediate benefit from moving to our fully automated
platform," said Jon Hoberman, Vice President and Product
Manager. "The response to abandon manual processing and
expensive, competing technologies has been incredibly
enthusiastic."
About Trade Settlement Inc.
Trade Settlement Inc. (TSI) provides the only fully automated
settlement platform for the global primary and secondary syndicated
loan markets. Since the Company's inception in June 2000, TSI has
been a pioneer and innovator in the syndicated loan trading space.
In addition to launching the first fully automated browser-based
platform for the settlement of par/near par loan trades, TSI also
created the first real-time data link with a widely used agent
bank. TSI's platform has radically streamlined the settlement
cycle, allowing for rapid, error-free settlement of loan
transactions. The TSI system offers the highest standard of
security, leading-edge technology, first-rate customer service,
scalability and fastest execution. In addition, TSI offers
high-quality and professional loan closing outsource
services.
TSI's easy-to-use system was designed to interface with existing
back-office accounting and portfolio management systems,
eliminating double and triple entry and maximizing the benefits of
straight-through-processing. TSI has built its state-of-the-art
platform with the flexibility to link to virtually every lending
and portfolio management system, whether branded or
proprietary.