Synaps, a joint venture between Ipreo and Symbiont, used the latter’s smart contact technology in an experiment in the first quarter of the year with a group of 19 banks and asset managers drawn together by Credit Suisse that focused on servicing and settlement in the $1 trillion secondary market for US loans.
The syndicated loan market remains a crucial source of funding to many companies, while higher capital regulations have reduced banks appetite to provide loans.
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