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Trade Settlement

AldrichEgg leverages its combined forty plus years of legal experience representing institutions in the high-yield trading markets to provide clients with seamless management of their syndicated loan, bankruptcy claim, and security trades.  Our team understands the ins and outs of the high-yield markets and can either act as a completely outsourced trade settlement option or serve on an as-needed basis for overburdened in-house operations groups.  We strive to close trades rapidly in accordance with applicable industry time standards (e.g., LSTA and LMA).

The following is a sampling of some of the functions our team can perform:

  • assist with trade booking on both client and third-party systems (e.g., ClearPar);

  • process necessary bank loan entries on client systems;

  • act as point person for KYC requests from counterparties;

  • assist with withholding tax issues;

  • discuss/negotiate issues with counterparties;

  • coordinate pending trades with outside counsel;

  • interface with traders, analysts, and accounting on trade-specific issues;

  • review transfer documentation and pricing;

  • arrange for client execution of transfer documentation; and

  • forward closing documentation to third-party systems and internal client operations teams.


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