Trade Settlement Inc.® Launches Trade Inventory Management (TIM) for Distressed Loan Settlement
September 1, 2011
Trade Settlement Inc.®,a leading provider of automated loan
settlement technology, today announced the launch of TIM, the Trade
Inventory Management system for distressed settlement. The
TIM system gives organizations the ability to link upstream and
downstream trades to ensure sales are not over allocated to
existing inventory.
"Our latest enhancement allows firms to easily track upstreams,
manage current inventory by deal and facility and allocate to sale
trades, while greatly reducing the chance of over-selling any piece
of inventory," said Jon Hoberman, Vice President and Product
Manager. "TIM's purpose is to automate various manual processes and
reduce error-prone double and triple data entry points."
Through the TIM system, users can allocate inventory manually or
based on predefined rules which will try best-case matching
algorithms. The Annex for the PSA, which includes all
upstream settlement details, can be automatically generated through
TIM. TSI's comprehensive distressed offering includes automatic
distressed documentation generation, circulation and execution,
inclusion of outside counsel, distressed specific workflows and
enhanced reporting for distressed loan settlement.
"Distressed loan volumes will inevitably return and TSI's
latest enhancements help our customers improve efficiencies, reduce
settlement timeframes and related operational risk. It is
time to eliminate the current gold standard for managing upstreams:
excel spreadsheets", said Pat Loret de Mola, President and CEO of
TSI.
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.