Distributed Ledger Technology for Syndicated Loans
A global bank that is lead manager and agent bank in the syndicated loan market wanted a solution to provide an improved loan initiation/revision experience with the bank’s multiple syndicate members. Additionally, having a more efficient contract negotiation, change tracking, and data sharing process were cited as important.
We implemented a syndicated lending blockchain solution that integrated seamlessly with the global bank’s existing loan systems. This is a complete end-to-end system consisting of blockchain network that generates, checks and records loan facilities, disbursements, and exposures with instant availability and visibility to all stakeholders.
Our client was able to establish a verified syndicate loan agreement process between multiple parties that improved document sharing and data quality by eliminating mishandling and corruption risks in the complex syndicate process.