Products & Services

Asset Services

Loan/SERV Messaging Service

a service offering of DTCC Loan/SERV LLC

DTCC's Loan/SERV Messaging Service provides a safe, secure, instant and automated network for the transmission, receipt and online storage of industry standard loan messages.

Product Information

Overview
Who Can Use This Service
Benefits
How the Service Works
For More Information

Overview

DTCC's Loan/SERV Messaging Service provides a safe, secure, instant and automated network for the transmission, receipt and online storage of industry standard loan messages. The service allows recipients to route messages directly into their systems or manage their messages online via a message hub.

Who Can Use the Service

Any loan market participant can use the Loan/SERV Messaging Service.

Benefits

Eliminates faxes and back-office costs associated with loan fax processing.
Improves the reliability and timeliness of all communications.
Reduces errors associated with incorrect manual processing and delayed or missing faxes.
Gives greater management control of the processing of notice information including prioritization of critical messages.
Detailed reporting on message processing performance (such as age and average processing time).
Ensures greater accuracy to adjustments in positions resulting from loan life-cycle events.

How the Service Works

The Loan/SERV Messaging Service uses DTCC's proven SMART (Securely Managed and Reliable Technology) network or SWIFT's global network to allow syndicated loan market participants to transmit and receive market standard FpML messages. Market participants transmit the standard messages to a message hub. The hub identifies the intended recipient of the messages and either routes them electronically or displays them online, according to the recipient's predetermined instructions.

Lenders or institutions that do not want to receive electronic messages directly into their processing systems can log on to the message hub via a Web interface to view and process their messages. Workflow capabilities enable institutions to establish processing rules and track their messages as they are processed.

The Loan/SERV Messaging Service also provides online storage and retrieval of loan messages.

For More Information

FpML is a registered trademark of the International Swaps and Derivatives Association.

This description is for informational purposes only. This Service is governed by applicable Rules, Procedures, and Service Guides for each DTCC subsidiary, which contain the full terms, conditions, and limitations applicable to this Service.