IntraLinks and Misys partner to offer syndicated loan market services

By Toni Weeks

San Diego, July 11 - IntraLinks Holdings, Inc. and Misys announced a partnership through which they will offer end-to-end process services that mitigate legal and operational risk and increase operational effectiveness in the $3.9 trillion syndicated loan market.

According to a press release, the companies will enhance the support of straight-through processing of information critical to the lending process by launching a major upgrade to the Lenderbridge connector that automates the provisioning of lender access to IntraLinks' virtual deal rooms directly from within Misys Loan IQ.

The upgrade allows administrative agents to fully represent their legal lenders of record for each deal, enabling real-time synchronization of fund-level entities and embracing market standards in lender (counterparty) identifiers. The companies will launch additional loan process services following the upgrade, including those that address the process of administering amendment voting.

"Amendment voting is one of the remaining mostly manual processes in the syndicated loan market," Ellen Hefferan, vice president of operations at the Loan Syndications and Trading Association, said in the release.

"Solutions that can streamline this process and reduce operational risk are critical to the future growth of the market."

Under the agreement, IntraLinks will offer an interface to Misys Loan IG that includes new front-office deal management capability intended to provide best-in-class joint bookrunning, pipeline reporting and customer relationship management tools.

New York-based IntraLinks is a provider of inter-enterprise content management and collaboration services via software-as-a-service tools.

London-based Misys provides banking, treasury, trading and risk software services to the sellside and buyside of financial institutions.

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