DTCC using Markit identifier system for loans processed by Loan/SERV

By Sara Rosenberg

New York, Feb. 23 - Depository Trust & Clearing Corp. (DTCC) has adopted Markit's new entity identifier system for loans processed by Loan/SERV, DTCC's suite of services for the syndicated loan market, according to a news release.

The collaboration between Markit and DTCC's Loan/SERV is expected to enhance accuracy and efficiency in the processing of syndicated loans.

"A readily available and uniform identifier scheme is central to the provision of our automated services. We believe that Markit's entity identifiers will help the market move to standardization and are delighted to be able to utilize the identifiers for the benefit of our customers," said Chris Childs, DTCC vice president, Global Loans Product Management, in the release.

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