A multitude of various credit and underwriting, operations, general ledger, and analytics systems exist within the syndicated loan market. The proprietary non-standardardized nature of these systems creates obstacles to integration and interoperability.
‘Loan FpML’ is an XML-based notation that can illustrate syndicated loan assets and investor position movements, from asset inception to maturity. This notation sets a standard for how communication between disparate systems can be achieved. The resulting digital interfaces across systems also help minimize operational risk by maintaining data integrity.
TenDelta Labs is responsible for the conception of the standard and continues to push boundaries by leading the Loan FpML effort today.