Distributed Ledger Technology for Syndicated Loans
The Challenge
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.
The Solution
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.
The Result
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.
