Intertrust, a tech-enabled fund and corporate services firm, has automated its loan administration, cash management, and facility agent services by integrating its platform with IHS Markit’s market accredited Wall Street Office (WSO) software.
The WSO platform is a scalable, cloud-based solution that will enable Intertrust to provide its fund and capital markets clients with a more efficient and streamlined service to facilitate the administration of syndicated loans, direct lending, and other structured deals from origination throughout the lifecycle of the assets.
Intertrust selected the WSO platform for its automation and scalability strength, commitment to innovation and ability to support all aspects of loan management, including: calculating interest and providing lenders and borrowers with rate set/rollover, payment advice and receipt notes; administering interest payments from the borrower; monitoring compliance with loan documentation and providing accurate and timely reporting to clients across the globe. It also supports companies with intra-company or external loan positions, including those impacted by the upcoming IBOR transition.
The investment in the new platform reflects Intertrust’s strategic priority to further develop its technology foundation to serve changing client needs.
Cliff Pearce, global head of capital markets, says: “Clients are increasingly drawn to solutions offering high levels of flexibility, automation and operational efficiency and that is exactly what our collaboration with IHS Markit delivers. With the rise of debt funds and increasing concerns around bank syndicate member independence, IHS Markit’s WSO software solutions can add real value to a capital markets loan transaction and this is a key differentiator for us.”
Elina Gokh, managing director, global head of WSO Software at IHS Markit, says: “We’re delighted that Intertrust partnered with IHS Markit. WSO brings Intertrust an innovative framework that IHS Markit continues to develop and leverage within our own business, and we’re confident it will deliver a transformative impact for Intertrust’s fund and capital market clients.”