DTCC's subsidiary, DTCC Loan/SERV LLC, continues to build and expand the global infrastructure to support the syndicated loan market with an evolving suite of services. By leveraging DTCC's vast experience in processing bonds, equities and over-the-counter derivatives, DTCC Loan/SERV LLC helps deliver cost-effective solutions that reduce risk, boost efficiencies, improve transparency and enable the global syndicated loan market to grow in a rapidly changing financial and regulatory environment.

In 2009, DTCC Loan/SERV LLC introduced its Loan/SERV Contract Reconciliation Service in the U.S. and Europe. Contract Reconciliation represents an advanced version of LoanSERV's earlier Reconciliation Services and takes loan reconcilement to a more detailed level.

Loan/SERV continued its dramatic growth in 2009 and now has more than 2,000 investment funds linked to Loan/SERV, while providing information on more than 120,000 loan positions.

View service offerings of DTCC Loan/SERV LLC in the Products & Services section.

Services include:

• Loan/SERV Reconciliation Service enables agent banks and their lenders to reconcile lender positions on individual loans every day, helping reduce "cash breaks" as well as the number of unsettled loans.
• Loan/SERV Contract Reconciliation Service provides reconcilement at all levels from the commitment and facility level down to the individual contracts with all of the relevant transaction detail.
• Loan/SERV Messaging Service provides an automated, secure communication network hub through which agent banks can transmit standard loan messages to both lenders and borrowers. The service hub will route messages according to the recipient's predetermined instructions, either directly into their processing system or by displaying the messages via a Web interface based on user-defined workflow rules.

In 2010, DTCC Loan/SERV LLC is slated to introduce multi-currency settlement capabilities, including Delivery versus Payment (DVP).