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Trade Settlement Inc. Announces TSI Platform in Full Compliance with SSAE 16

Trade Settlement Inc.® Announces TSI Platform in Full Compliance with SSAE 16

June 20, 2011

Trade Settlement Inc.®, a leading provider of automated loan settlement technology, today announced that the TSI loan settlement platform is in full compliance with Statement on Standards for Attestation (SSAE) No. 16, Reporting on Controls at a Service Organization.  SSAE 16 was effective as of June 15, 2011.

SSAE 16 supersedes Statement on Auditing Standards No. 70 (SAS 70) with the professional guidance on performing the service auditor's examination.

 "TSI is extremely disciplined in maintaining the highest level of security and auditability.  Compliance with SSAE 16 reassures our customers that TSI handles all data professionally, reliably and data privacy and protection is of primary interest,"said Pat Loret de Mola, President and CEO of TSI. 

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.