{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}

{[{item.change24}]}%

{[{item.change24}]}%

New blockchain syndicated loan platform launched by major banks-LenderCom

news_img

October 15, 2017 | 

Joanna Newman |  0 Comments| 

839 Views

Share:

Get Into Cryptocurrency Trading Today

 

New blockchain syndicated loan platform launched by major banks




After a pilot phase, a group of major banks, as well as financial institutions such as BNP Paribas, HSBC, ING, State Street and BNY Mellon, decided to launch a new loan market available on the distributed accounting platform ie based on the Blockchain technology) Corda.
This was unveiled by Finastra, a company formed by the merger of software companies D + H and Misys.
This initiative aims to create a new lending market where many lenders pool their assets to finance individual debts.
It is the Corda platform of R3 that will support this initiative.
It will administer the loans and share information on interest rates and other fees.

The head of BNP Paribas CIB's financing solutions, Philippe Boulas, said:
"We believe Blockchain is appropriate for syndicated loans to offer a single position that is immediately updated when a contract is processed. For a more fluid procedure. "

Among other things, companies may need lenders who would be willing to bring liquidity to the markets.

The platform is called Fusion LenderCom and it now has its official website.
This information is remarkable because this year several banks have already tested applications for syndicated loan markets.

The Swiss bank Credit Suisse also launched a platform for this type of loan last spring that allowed companies such as State Street to participate.

The bank has been sleeping and already announced in August, that it expects a commercial scale version for next year.

Buy & Sell Cryptocurrency Instantly

COMMENTS

0 Comments

Like this article

CREATE ACCOUNT

Have an account? Login

LIVE RATES

ALL

TRENDING

Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.

{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)

Symbol

Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.

24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.

Trade

{[{ item.pair.split('_')[0] }]}

Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

TRADE

Showing {[{ showing }]}

Symbol

Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.

24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.

Trade

{[{ item.pair.split('_')[0] }]}

Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%

TRADE

Showing {[{ showing_trend }]}

WHAT'S NEW

NEWS

REVIEWS

BROKERS

WALLET