Ipreo Chose Blockchain to Streamline $3 Trillion Syndicated Loans Market

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5082
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

Ipreo Chose Blockchain to Streamline $3 Trillion Syndicated Loans Market

Postby kreslik.news » Wed Mar 09, 2016 7:54 am


Blockchain technology is already promising to disrupt and radically improve many aspects of the world’s economy and now we learn that the technology is also going to be applied to syndicated loans. Ipreo and Symbiont are creating a new venture to overhaul the costly manual processing in the $3 trillion global market.

Explaining the rational for the move, the companies say that settlement periods of 20 business days or more threaten the continued growth of the loan market. For the sell-side, the delays tie up precious capital. For the buy-side, settlement uncertainty confounds cash management and necessitates costly credit lines. Syndicated ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”