The Depository Trust & Clearing Corporation (DTCC) said Tuesday it will launch Loan/SERV, a new and evolving suite of services to help automate and streamline the processing of syndicated commercial loans.

Syndicated loans are complex structures involving multiple lenders for each borrower, with an agent bank acting as the liaison, transmitting information back and forth between parties. The primary loan transactions can be made in multiple currencies, may include a combination of term and revolving loans, and are routinely traded in the secondary market.

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