ClearStructure Financial Technology released Sentry for Syndicated Loan Trading.
The product is designed specifically for traders in the syndicated bank loan market, including broker/dealers and proprietary trading desks at both sell-side and buy-side institutions, as well as third party settlement agents. The new platform enables trade capture, profit and loss, trade work flow and trade risk analysis.
It also provides participants flexible functionality from front-to-back office package. Its features include customizable workflow modules, which provide the flexibility for users to integrate Sentry with their current processes as well as confirm pre-trade allocations, process trade approval and improve risk management through enforcement of position limits (counterparty, issuers and more).
It also includes full Loan Syndications and Trading Association/Loan Market Association settlement and comprehensive calculation capabilities, such as delayed compensation and economic benefit, as well as ability to integrate with several market data feeds
The platform is available either as hosted solution or on-site installation and is easily integrated with clients' other systems. Traders will benefit from the rapid implementation process and natural scalability of the platform.
Additionally, the platform allows users a joint syndicated bank-loan administration solution and trade closing service along with Cortland Capital Market Services.
This solution tightly integrates Cortland's loan administration and trade settlement services with Sentry via real-time updates.