Consistently superior execution and timeliness

Loan and Bond Settlements

Virtus Partners offers comprehensive loan and bond settlement services. Experienced settlements professionals manage the entire process from trade to cash settlement. As the largest buy-side settlement desk in the broadly syndicated loan market we annually settle 60-70,000 trades. We keep our clients’ cash working by consistently surpassing industry metrics for loan settlement times; usually surpassing industry averages by 3-5 business days. Confirm, review and document execution are done by T+3. Bond settlements are fully automated through electronic connections with brokers and other third parties. Since the new LSTA rules were implemented in 2016, Virtus has reported zero delayed compensation forfeitures.


Automated Loan Settlements Platform

Virtus Trade Settlement (VTS) is our automated settlements platform for primary and secondary loans. The  VTS platform features a streamlined, intuitive interface and tight integration with the overall Virtus platform for enhanced straight‐through‐processing.  Using the platform can greatly increase the efficiency of primary, secondary, and distressed loan settlements.  Visit the VTS page for more detail.

Settlement times consistently 3-5 days faster than industry average

Automated Distressed Settlements through the VTS platform

Fully updated for new delayed compensation rules