Streamlined information exchange for syndicated lending
Fusion LenderComm reduces the operational cost and burden of agent-to-lender administration and provides lenders with self-service capabilities to see accurate information on-demand to optimize their loan portfolios.
Developed in close collaboration with some of the world’s top global banks including BNP Paribas, BNY Mellon, HSBC, ING and State Street Fusion LenderComm is a platform for the syndicated lending community and underpinned by Corda, R3’s powerful distributed ledger technology.
Fusion LenderComm technology gives lenders a personalized view of positons across agent banks, helping reduce operational risk in managing multiple participations. Lenders get real-time access to credit agreements, accrual balances, position information and detailed transaction data directly from agent bank loan servicing platforms, such as Loan IQ. This level of transparency and convenience means fewer emails and phone calls and provides an immutable record of transactions during the lifecycle of deals.
For more information on how to become part of the Fusion LenderComm syndicated lending community, please contact FusionLenderComm@finastra.com.
What the industry is saying about LenderComm:
“Syndicated lending is exactly the type of market that will derive huge benefits from DLT. Transparency, efficiency and risk are major concerns with current systems and processes. We built Corda specifically to tackle issues such as these, whilst meeting the unique privacy and security requirements of regulated financial institutions.”
- David E. Rutter, CEO, R3.
“We welcome innovative tools that will help the market settle trades quicker and make information readily available to lenders who need it. A portal and network like Fusion LenderComm that brings more efficiencies to the loan market, and the agent banks that service it, has significant potential.”
- Ellen Hefferan, Senior Vice President of Operations & Accounting, Loan Syndications & Trading Association (LSTA).
“Fusion LenderComm already delivers transparency into 10% of syndicated loan market and integrates seamlessly with FusionBanking Loan IQ - the world’s leading solution for servicing commercial loans.”
Finastra, R3 and seven leading banks to create Distributed Ledger Technology platform for syndicated lending community
BNP Paribas, HSBC and ING among those on board. Fusion LenderComm to deliver transparency into 10% of syndicated loan market from launch