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Trade Settlement Inc. Launches Trade Inventory Management TIM for Distressed Loan Settlement

Trade Settlement Inc.® Launches Trade Inventory Management (TIM) for Distressed Loan Settlement

September 1, 2011

Trade Settlement Inc.®,a leading provider of automated loan settlement technology, today announced the launch of TIM, the Trade Inventory Management system for distressed settlement.  The TIM system gives organizations the ability to link upstream and downstream trades to ensure sales are not over allocated to existing inventory.

"Our latest enhancement allows firms to easily track upstreams, manage current inventory by deal and facility and allocate to sale trades, while greatly reducing the chance of over-selling any piece of inventory," said Jon Hoberman, Vice President and Product Manager. "TIM's purpose is to automate various manual processes and reduce error-prone double and triple data entry points."

Through the TIM system, users can allocate inventory manually or based on predefined rules which will try best-case matching algorithms.  The Annex for the PSA, which includes all upstream settlement details, can be automatically generated through TIM. TSI's comprehensive distressed offering includes automatic distressed documentation generation, circulation and execution, inclusion of outside counsel, distressed specific workflows and enhanced reporting for distressed loan settlement.

 "Distressed loan volumes will inevitably return and TSI's latest enhancements help our customers improve efficiencies, reduce settlement timeframes and related operational risk.  It is time to eliminate the current gold standard for managing upstreams: excel spreadsheets", 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.