Date: April 23, 2013Finomial Corporation (“Finomial”), the leading Investor Services platform, and Trade Settlement Inc. (“TSI”), a leading provider of a fully automated platform for loan settlement, have entered into an agreement which will result in a strategic partnership between the two firms. The agreement is designed to address the FATCA (Foreign Account Tax Compliance Act) obligations now mandated for the Syndicated Loan market and CLOs (Collateralized Loan Obligations).
Date: October 1, 2012Trade Settlement Inc.® a leading provider of automated loan settlement technology, will be presenting at The Loan Syndications and Trading Association on Wednesday Oct 17, 2012 at the New York Hilton & Tower in NYC.
Date: April 23, 2012Trade Settlement Inc.®, a leading provider of automated loan settlement technology, today announced the release of version 5.0 of the popular trade settlement platform. This major new release delivers a completely revamped platform, packed with features that will help improve settlement times and simplify the entire closing process.
Date: March 19, 2012Trade Settlement Inc.® a leading provider of automated loan settlement technology, will be presenting at The Loan Syndications and Trading Association on Thursday April 26, 2012 at the Hilton Hotel in NYC.
Date: January 16, 2012Trade Settlement Inc.® a leading provider of automated loan settlement technology, today announced important enhancements to the both the functionality and the user interface of the TSI platform scheduled for release in Q2 2012.
Date: December 1, 2011Since the new fee was imposed, Trade Settlement Inc., another automated loan-settlement company, has handled a number of trades that would have previously been completed by ClearPar.
Set up in 2000 by former Merrill Lynch & Co. banker Pat Loret de Mola, managers are asking banks to use TSI because it doesn’t charge a buy-side fee. The pickup in business has been “very significant,” Loret de Mola said.
“What this has done is raised market awareness to have two electronic-settlement providers in the market, not just one,” she said in a telephone interview. “When you have a single dominant player, they have complete pricing power.”
Date: October 17, 2011Trade 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.
Date: September 1, 2011Trade 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.
Date: June 20, 2011Trade Settlement Inc.®, a leading provider of automated loan settlement technology, today announced that the TSI loan settlement platform is in full compliance with Statement on Standards for Attestation (SSAE) No. 16, Reporting on Controls at a Service Organization. SSAE 16 was effective as of June 15, 2011.
Date: May 5, 2011Trade Settlement Inc.®, a leading provider of automated loan settlement technology, today announced that the TSI loan settlement platform will feature an advanced, user-controlled, PSA (Purchase and Sale Agreement) editor for distressed settlement.