IHS Markit Rolls Out Syndicated Loan Reconciliation Portal
New portal bolsters IHS Markit reconciliation offering following acquisition of Loan/SERV from DTCC in January.
![portal-gateway portal-gateway](/sites/default/files/styles/landscape_750_463/public/import/IMG/851/354851/portal-gateway.png.webp?h=8f807a44&itok=-pg0KmwN)
The portal incorporates historical data from the Loan/SERV solution, acquired from The Depository Trust & Clearing Corp. (DTCC) in January this year, providing an updated interface, multi-party search functionality, standardized use of identifiers, additional transparency for lenders regarding agent activity and streamlined workflow for agent banks which no longer need to approve data matches entered by lenders.
"Our goal is to link trade settlement, reconciliation and portfolio management in order to remove some of the operational challenges sometimes associated with this complicated, yet important and growing asset class," said Scott Kostyra, head of loan settlement at IHS Markit, in a statement. "We look forward to expanding the reconciliation tools we offer, including the support required to make reconciliation a real-time automated process, rather than a daily or weekly exercise."
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