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| FIS Enters into Agreement to Sell ClearPar Loan Settlement System to Markit |
FIS’ ACBS Division also ClearPar, launched in 2001, is part of FIS’ ACBS division and provides a middle-office platform for trade settlement in the syndicated loan market. The platform supports primary assignments and secondary market trading for U.S. and European credits, including a distress debt settlement service launched earlier this year.
SyndTrak and SyndTrak Online are FIS’ industry leading Customer
Relationship Management (CRM) and Deal Site Management products for the
syndicated loan market. Deployed by leading loan arrangers in the U.S.
and
“This transaction allows FIS to remain focused on delivering its market
leading ACBS Loan Servicing System and front-office suite of products in
sales, syndication and loan trading while creating a high-velocity
alliance that delivers unmatched value to our clients in the syndicated
loan space,” said
About Markit Markit is a leading, global financial information services company with over 1,300 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial market place.
FIS delivers banking and payments technologies to more than 14,000
financial institutions and businesses in more than 90 countries
worldwide. FIS provides financial institution core processing, and card
issuer and transaction processing services, including the NYCE Network.
FIS maintains processing and technology relationships with 40 of the top
50 global banks, including nine of the top 10. FIS is a member of
Standard and Poor's ( Forward-Looking Statements
This press release contains forward-looking statements that involve a
number of risks and uncertainties. Statements that are not historical
facts, including statements about our beliefs and expectations, are
forward-looking statements. Forward-looking statements are based on
management's beliefs, as well as assumptions made by, and information
currently available to, management. Because such statements are based on
expectations as to future economic performance and are not statements of
fact, actual results may differ materially from those projected. We
undertake no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise. The
risks and uncertainties which forward-looking statements are subject to
include, but are not limited to: changes in general economic, business
and political conditions and other risks detailed in the “Statement
Regarding Forward-Looking Information,” “Risk Factors” and other
sections of the Company’s Form 10-K and other filings with the
Source: FIS
Marcia Danzeisen, 904.854.5083 |
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