Fidelity National Information Launches Distressed Loan Trading Platform

June 01, 2009, 5:26 p.m. EDT 1 Min Read

JACKSONVILLE, Fla. – Fidelity National Information Services said its Advanced Commercial Banking System division has introduced a Distressed Loan Trade Management and Settlement Platform on the ACBS ClearPar syndicated loan operations platform.

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ACBS ClearPar is the largest automated syndicated loan operations platform, settling more than 80% of all Loan Syndications and Trading Association par loan trades.

In the initial version, buyer, seller and agent bank or credit union were able to generate, circulate and execute legal documents associated with distressed syndicated loan trades. With last week’s launch, new functionality for managing distressed inventory and upstream allocations has been added as well as providing buyer's and seller's respective legal counsel access to fully participate in the process.

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