The corporate loan market is the second largest source of funding for companies, historically driven by commercial and investment banks.
Unlike equity and bonds markets that have gone electronic and global, the syndicated and secondary loan trading markets remain relatively bespoke and confidential, and still heavily rely on manual processes, non-standard data and personal intuition.
Confronted with higher capital charges, more stringent regulatory requirements and rising costs, commercial banks are progressively expanding their fee-driven businesses and strengthening their distribution and credit portfolio management capabilities.
Combined with the rise of institutional and non-banking lending, the time is right to create the market infrastructure that the asset class deserves and build a more efficient corporate loan market.
This is iLex’s mission statement.