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What role does BL Update play in executing loan assignments?

April 26, 2017assignments BL executing loan play

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What role does BL Update play in executing loan assignments?

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BL Update does not effect any loan assignments nor does it take on any risk with a loan assignment on the BL TradeXchange platform. We sit at an arm’s length from all discussions, buy and sell offers. Once member firms have confirmed a loan assignment on the platform, BL Update works with each counter-parties’ operations teams to provide settlement services and assignment of the loan. The BL TradeXchange is a seamless trading platform for leveraged loans, from counter-party identification to settlement and assignment.