DTCC, through its Loan/SERV suite of services, continues to build and expand the global infrastructure needed to support the syndicated loan market. By leveraging its vast experience in processing bonds, equities and OTC derivatives, DTCC, with its “at-cost” industry-owned governing structure, remains committed to delivering cost-effective solutions that reduce risk, boost efficiencies, improve transparency and enable the syndicated loan market to develop and grow in a rapidly changing financial and regulatory environment.

DTCC's Loan/SERV addresses the important issues facing the syndicated loan market, including:

Adoption of standard identifiers

Loan/SERV's global platform is driving the adoption of market standard identifiers across:

• Facilities
• Contracts
• Market participants

Position recordkeeping and "Cash Break" resolutions

Loan/SERV Reconciliation is dramatically improving position recordkeeping by providing real-time reconciliation services at the:

• Committed Balance level
• Transaction level
• Contract level information

Delivery-versus-Payment for syndicated loan trading

Loan/SERV Cash on Transfer introduces significant benefits to the secondary loan trading market and reduces settlement day risk by introducing:

• Delivery versus Payment (DvP) and Real-Time Gross Settlement for loans
• Netting of payments daily across the loan market
• Real-time access to settling trades and cash balances

Additional Loan/SERV benefits that will be available in the near future are:

• Cash settlement in multiple currencies around the globe
• Cash settlement for primary syndicate funding

Loan/SERV's Operations and Planning Committee is comprised of representatives from 9 leading global agent banks and helps guide Loan/SERV's development strategy and agenda.

For More Information on Loan/SERV

North America: Dave Perry, +1 212.855.2345 dperry1@dtcc.com
Eugene Kotlyarevskiy, +1 212.855.5689 ekotlyarevskiy@dtcc.com

Europe, the Middle East, Africa or Asia: Rita Virdee, +44 (0) 207.650.1425
RVirdee@dtcc.com.

Loan/SERV is a service offering of DTCC Loan/SERV LLC, a wholly-owned subsidiary of DTCC.