The syndicated lending community
Transparent and convenient agent-lender communication
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 which is underpinned by Corda, R3’s powerful distributed ledger technology.
Fusion LenderComm reduces the cost and burden of agent-to-lender administration and enables lenders to see accurate information on-demand so they can optimize syndicated loan portfolios.
For lenders, Fusion LenderComm technology provides a personalized view of positions 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 banks’ loan servicing platforms such as Fusion Loan IQ. This level of transparency and convenience in syndicated loan servicing means fewer emails and phone calls, and provides an immutable record of transactions during the lifecycle of deals.
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.
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.”
