Alfa, a provider of technology for asset finance, released its syndication module for Alfa Systems, designed to deliver automated support for syndicating leases, loans and revolving credit facilities.
For straightforward syndication scenarios, Alfa Systems manages the lifecycle automatically. More advanced structures are also supported, with independent per-participant share calculations, repayment profiles and reporting across accounting, interest basis and jurisdiction.
“Basel IV is accelerating the need for syndication across banks, independents and specialist finance providers,” Leon Atkins, head of product (commercial finance) at Alfa, said. “With the new module, Alfa’s customers can take advantage of this opportunity to reduce risk, share exposure and grow their businesses with speed and confidence.”
The module also supports automated participation creation, in-life transfers between participants, and configurable treatment of fee income. For revolving credit facilities, syndicates can be established at the facility level.
