Misys has agreed to purchase eLoanCoordinator, a proprietary internet-based bookbuilding platform for the primary loan market, from Dresdner Kleinwort.
The transition of current Dresdner Kleinwort users is intended to be effected in the next four to six months. Once the new Misys LoanCoordinator is fully developed and available Dresdner Kleinwort will become its first subscriber.
Managed in real-time, Misys LoanCoordinator will provide bookrunners, borrowers and investors with comprehensive pipeline information required to track, analyze and manage syndicated loans on a single online site. It aims to reduce operation risk and boost efficiency by eliminating coordination delays, multiple emails and paper reports.