Genesis Trading Platform
Syndicated Loan Trading - Par and Distressed Debt
GENESIS combines EXIS’ expertise in the world of debt markets with a major market player resulting in a brand new product to support the trading of Par and Distressed Loans. This asset class is rapidly growing, and there is a real need in the market for a system to reduce the very complex nature of this business. GENESIS addresses the needs of market participants who are supporting the business with complex spreadsheets, as well as those seeking to enter the market but are hindered by not having access to systems capable of automating their workflow.
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Key Features
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- Model Term, Revolver, LC's, PiK, and Multi-Currency Loans
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- Automated Pricing Letters and Funding Memos (View Sample)
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- Comprehensive Block Ticket captures multi-facility agreements (View Sample)
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- Inventory management matches upstreams and downstreams
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- Trade, settle and track participations and assignements
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- Capture global borrower activity for drawings, repayments, rollovers and more
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- Quick and easy management of payables and receivables on Loan Interest and Amortization
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- Monitor daily interest accruals, payments, and mark to market
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Instruments covered include Par, Distressed and Restructured Debt issued by both Corporate and Sovereign borrowers. Trade capture is facilitated by block tickets that can capture multiple credits per trade. These trades update blotters to view both funded and unfunded positions, with full inventory drill-down capabilities. In Operations, support is provided for closing and settlements, as the system is capable of automatically generating confirms and key pieces of closing documentation.
Full Principal and Interest tracking with up- and downstream calculations are provided. Settlements are automated for all cash, interest and inventory movement.
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