BNY Mellon Corporate Trust has rolled out a new data reconciliation service for the syndicated loan market. The service will allow a client’s loan trading data to be uploaded directly onto the Loan/SERV platform at the Depository Trust & Clearing Corporation (DTCC). DTCC’s Loan/SERV reconciliation service will be used for the reconciliation of lender positions between agents and lenders around the globe. The service was developed to help clients improve their position recordkeeping by allowing them to compare their own data with an agent’s positions.
Click here for the release from PR Newswire.