---
title: IHS Markit Debuts Improved Position Reconciliation Portal for Syndicated Loan Market
description: IHS Markit Debuts Improved Position Reconciliation Portal for Syndicated Loan Market
---

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 09.23.2016

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# IHS Markit Debuts Improved Position Reconciliation Portal for Syndicated Loan Market

 09.23.2016 By John D'Antona

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IHS Markit – **LONDON –** IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that it has launched a new portal to reconcile syndicated loan positions.

In January, Markit acquired Loan/SERV reconciliation assets from The Depository Trust & Clearing Corporation (DTCC) and the new Loan Reconciliation portal is part of IHS Markit’s concerted effort to reduce the number of systems required to manage syndicated loan assets.

The new portal incorporates historical data from Loan/SERV and its formats for upload and reporting, making migrating to the new service seamless.  The portal offers an improved interface, multi-party search functionality, standardized use of identifiers, additional transparency for lenders regarding agent activity and streamlined workflow for agent banks which no longer need to approve data matches entered by lenders.

**Scott Kostyra, head of Loan Settlement at IHS Markit, said**: “Bringing reconciliation to our family of services for the loan market improves efficiency and transparency.  Our goal is to link trade settlement, reconciliation and portfolio management in order to remove some of the operational challenges sometimes associated with this complicated, yet important and growing asset class.  We look forward to expanding the reconciliation tools we offer, including the support required to make reconciliation a real-time automated process, rather than a daily or weekly exercise.”

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