TITLE

Syndicated Loan Industry Steps Up to Automation Demands

AUTHOR(S)
Kite, Shane
PUB. DATE
May 2008
SOURCE
Securities Industry News;5/5/2008, Vol. 20 Issue 18, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article anticipates that the International Swaps & Derivatives Association (ISDA) will release the first phase of the standardized financial products markup language (FpML) message formats by the end of the first half of 2008. It explains that this means that agent banks will need to prepare their systems to send the FpML messages before the Depository Trust & Clearing Corp. can go live with its secure communications messaging network. Loan-Serv can still be used by agents that would be able to adopt to FpML upon its launching.
ACCESSION #
31994174

 

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