For startup loan trading desks, the challenge is eliminating patchwork systems and preparing for rapid growth. For established desks, it’s handling the expanding universe of instruments, currencies and trade types—perhaps even new geographic markets. In either case, ACBS LoanTrak is the right solution.
| Feature Highlights |
- Trade Capture and Electronic Blotter
- Multi-tranche trades on one ticket
- Sub-account breakdowns
- Trade approval and verification for two-touch security
- Settlement workflow management
- Up-to-the-Second Inventory and P&L Monitoring
- Positions updated with new trades in real time
- Convenient mark-to-market
- Tracking and enforcement of position limits by borrower, portfolio, counterparty, and other parameters
- Production of All Standard Trade Documents
- LSTA and LMA Par and Distressed
- Netting letters and multi-lateral agreements
- Assignment and Acceptance agreements
- Funding notices/pricing letters
- Primary syndication settlement documents for retail accounts
- Advanced Features
- Complete multi-currency support
- Total return swaps and warehouses
- Delay compensation
- Automatic handling of paydowns
- Straight through processing with back office via ACBS Servicing interface
- More Than 100 Standard Reports
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| Key Benefits |
- Trading Business Growth Without Increased Costs
- Automation of virtually every loan trading function
- Global scaling across an enterprise
- Extension of ACBS SyndTrak, using the same infrastructure
- Used on many of the world's most active loan trading desks
- Up-to-the-Second Intelligence for Senior Management
- Unparalleled off-the-shelf reporting on trader and salesperson performance
- Counterparty volume and profitability analysis
- Manager views for trade approval
- Adherence to Stringent Risk Management and Compliance Standards
- Robust application-level security and role definition
- Two- or three-touch trade approval and verification
- Limit tracking
- "Once and Done" Efficiency
- Shares loan, borrower, and counterparty data files with other ACBS Loan Systems products
- No redundant data entry
- No reconciliation required between systems
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| Platforms |
- Microsoft Windows
- Microsoft SQL Server
- Microsoft .NET
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Introduced in 1997, ACBS LoanTrak was the first software system dedicated to secondary loan trading. Since then, it has advanced in lockstep with this rapidly evolving and highly specialized market. Today, with eight years of market knowledge built in and the largest client base in the market, ACBS LoanTrak is the #1 global loan trading application.
| ACBS LoanTrak supports multiple traders, portfolios, locations and currencies, providing a global view of the business for senior management and market-specific functionality for traders, salespeople and closers. |
Product Overview
ACBS LoanTrak is an enterprise-scale software application that automates all the essential activities of a par or distressed loan trading desk—trade capture, real time position and P&L monitoring, mark-to-market, LSTA and LMA trading documents, workflow management for trade settlement, and reporting. From a single engine, ACBS LoanTrak can support multiple traders, portfolios, locations and currencies—providing a global view of the business for senior management without sacrificing rich, market-specific functionality for the traders, salespeople and closers.
Not Just for Traders
With all your trades and positions in a single, highly functional system like ACBS LoanTrak, you can satisfy all these constituencies without resorting to manual or “orphan” systems:
- For traders – trade capture, position and P&L monitoring, mark-to market, axe sheets
- For closers – automatic confirms, closing memos and tools for managing the settlement workflow
- For risk managers – robust, role-based security, two- or three-touch trading, position aging and limit tracking
- For controllers – realized and unrealized P&L on trade date and settlement date basis
- For senior management – unparalleled off-the-shelf reporting on trader and salesperson performance, counterparty volumes, portfolio and profitability analysis, and much more.
Beyond the Basics
Working with some of the most active and innovative trading desks in the market, we have added many advanced features to ACBS LoanTrak that will save you time and money. Some of these include multi-currency facilities, netting letters and multi-lateral agreements, warehouse and total return swap portfolios, comprehensive support for trading with retail sub-accounts, and automatic handling of paydowns and commitment reductions. If it’s part of the loan trading business, chances are ACBS LoanTrak can handle it.
Part of the ACBS Loan Systems Suite
With ACBS LoanTrak, straight through processing in loan trading from front to back office is no longer an elusive goal—it’s a reality. Trade activity entered in ACBS LoanTrak automatically updates agent and participant holdings in ACBS Servicing. Likewise, loan interest and fee accruals calculated in ACBS Servicing update P&L for trading portfolios in ACBS LoanTrak that hold those loans. This revolutionary interface eliminates a large amount of redundant data entry and a major source of errors and discrepancy. In addition, ACBS LoanTrak shares a deal and investor database with ACBS SyndTrak, so you can track primary and secondary market activity in a single application.