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Trade Settlement Inc. Announces Increase in Trade Settlement Volume

Trade Settlement Inc.® Announces Increase in Trade Settlement Volume

October 17, 2011

Trade Settlement Inc.®, a leading provider of automated loan settlement technology, today announced that settlement volumes processed through their fully automated browser-based platform have dramatically increased by trading participants.  

"Trade volume booked on our settlement platform has seen significant growth quarter over quarter, with many buy-side participants encouraging their trading partners to settle on TSI," said Pat Loret de Mola, President of TSI.  "We continue to make important advances in simplifying the workflow processes of our platform, and the market has responded with tremendous support." 

Trade Settlement Inc. allows buy-side firms to settle on the TSI platform at no cost, regardless of volume.   Buy side firms can take advantage of automatic document generation, intelligent routing, and sophisticated review and signature controls.   The platform automatically links the sell-side counterparties and agent banks into the settlement workflow to allow for rapid and error-free settlement processes.

"As global loan trading volumes increase we have been fielding calls from eager participants and actively marketing to firms that will see immediate benefit from moving to our fully automated platform," said Jon Hoberman,  Vice President and Product Manager.  "The response to abandon manual processing and expensive, competing technologies has been incredibly enthusiastic."

About Trade Settlement Inc.

Trade Settlement Inc. (TSI) provides the only fully automated settlement platform for the global primary and secondary syndicated loan markets. Since the Company's inception in June 2000, TSI has been a pioneer and innovator in the syndicated loan trading space. In addition to launching the first fully automated browser-based platform for the settlement of par/near par loan trades, TSI also created the first real-time data link with a widely used agent bank. TSI's platform has radically streamlined the settlement cycle, allowing for rapid, error-free settlement of loan transactions. The TSI system offers the highest standard of security, leading-edge technology, first-rate customer service, scalability and fastest execution. In addition, TSI offers high-quality and professional loan closing outsource services.

TSI's easy-to-use system was designed to interface with existing back-office accounting and portfolio management systems, eliminating double and triple entry and maximizing the benefits of straight-through-processing. TSI has built its state-of-the-art platform with the flexibility to link to virtually every lending and portfolio management system, whether branded or proprietary.