On
February 1st, 2007 ClearPar Europe was launched.
ClearPar Europe combines experienced, London-based
closers and a proven online settlement platform. ClearPar now supports full multi-currency trading on LMA
trade documentation. The most recent upgrade includes a number of enhancements
to support LMA trading:
- LMA trade documentation with multi-currency
- Trade Confirmations
- Transfer Certificates
- Pricing Letters
- Calculating
- Breakcost
- Delayed Compensation
- PIK
- Trading by contract and/or jurisdiction
If you are interested in learning more about ClearPar Europe please contact:
Ariel Elkayam
+44 207 423 5609
info.clearpar@fnis.com
The ClearParSM system is the first fully operational web-based loan settlement system dedicated to the efficient settlement of par loan closings in the secondary loan trading and primary syndication markets.
The ClearParSM system simplifies trade settlement by providing an integrated, collaborative, real-time environment for buyers and sellers to create, review, approve, and execute secondary trade and syndication documents. System generated documents include trade confirmations, assignment and acceptance agreements, net-off letters, multilateral agreements and funding memoranda.
The ClearParSM system provides up-to-the-minute status of open trades as well as historical recordkeeping for closed transactions.
The system is designed in all facets to improve liquidity and efficiency in the par loan market and allow for greater trading volume.
Fidelity National Financial, Inc., a Fortune 500 provider of products and outsourced services
and solutions to financial institutions and the real estate industry, recently announced the
acquisition of ClearPar, LLC ("ClearPar") a provider of technology and services that delivers
primary and secondary commercial loan trade settlement services..... (more)
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