Markit has teamed up with the Depository Trust & Clearing Corp. (DTCC) to boost the secondary market for leveraged loans by providing simultaneous transfer of cash and loan assets.

The service, dubbed Cash on Transfer, went live this week after a four-month pilot that included BNY Mellon, Citi, JPMorgan, MJX Asset Management and Sankaty Advisors, according to a statement released today.

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