The Trade Settlement Inc. (TSI) Primary Syndicated Loan settlement process is simple. The lead arranging bank supplies TSI with the lender list and some credit specific information. TSI builds the deals on our platform and coordinates closing for all parties. The parties log on to TSI and sign the Institutional Allocation Confirmation (if applicable), the Form of Assignment and approve the Funding Memo. The system takes care of all the routing for approvals and signatures, thereby freeing up the users to focus on other tasks.
 

Secondary

The Trade Settlement Inc. (TSI) Secondary Loan settlement platform is the only fully automated settlement system in the syndicated loan market. The Broker/Dealer simply creates a new trade on TSI, enters some trade specific information and selects the counterparty and agent bank from drop-down menus. The TSI platform automatically generates the Trade Confirm(s), Form(s) of Assignment and Funding Memo(s), which can either be executed online or uploaded onto our platform.
 

Block Transfers and Portfolio Ramp Up

Seller/Buyer fund sends TSI trade tickets and/or a spreadsheet with the details regarding the buy/sale. TSI creates each transfer, including sub-allocations, and coordinates the execution of the Trade Confirmation(s) (if needed) and the Assignment and Assumption Agreement(s) by all parties, including the Agent.
 

LCDS (Loan Credit Derivative Swaps)

TSI’s LCDS settlement platform is the first and only on-line system to allow for automated settlement of LCDS transactions. The system will allow the Broker/Dealer to Create the Swap Contracts on-line and automatically contact their purchasing counterparty. The counterparty is able to confirm the trade on-line and TSI's LCDS System automatically generate the settlement documentation for all parties for execution in the case of a credit event reqiuring physical settlement.