Virtus Trade Settlement

Automated Loan Settlements Platform

Vastly reduce errors, improve organization and facilitate better management of loan assets and cash with Virtus Trade Settlement (VTS)- our automated settlements platform.

VTS includes advanced and automated tools which eliminate the manual elements of the current loan closing process for primary and secondary loans, leading to significantly faster closing times. Users share documents and information electronically in a SSAE 16 compliant cloud-based environment.  Organizations generate and sign documents electronically on an expedited real time basis via system workflows.  The fully FACTA compliant platform is integrated with Virtus Partners’ Front and Middle Office platforms offering unparalleled convenience and settlement times.

The most efficient Primary Syndicated Loan settlement process

Bring all new lenders into a deal as quickly and efficiently as possible. The platform is enriched with deal information provided by the Agent Bank and VTS takes care of the rest. The system coordinates all review, allocations and signing by the lending institutions in the syndicate and provides detailed, accurate reporting to the Agent.

Par/Near Par Secondary settlements

VTS’s Secondary Loan settlement platform is the only fully automated settlement system in the syndicated loan market. Upon entering a new trade in VTS, the platform automatically generates the Trade Confirms, Forms of Assignment and Funding Memos, any of which can be processed individually or in bulk fashion to scale operational efficiency.  VTS can also easily handle Block Transfers and Portfolio Ramp Ups.

The only Distressed Debt solution

VTS is also the only fully-functional automated settlements solution for distressed debt. The VTS system allows users at Banks and counterparty organizations to incorporate their external counsel directly into their workflow, so they can create, review and negotiate all required documents, including the Purchase and Sale Agreement. In addition, VTS’s Trade Inventory Management feature allows users to capture, track and allocate upstreams quickly, easily and accurately, from a single secure location.

 

 

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Bringing Efficiency, Liquidity & a new VISION to syndicated loan processing.