SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced the launch of Comprehensive, a fully integrated, outsourced portfolio monitoring service. The new portfolio compliance monitoring service is designed to assist credit managers focusing on the loan market by providing hypothetical, pre-, and post-trade compliance capabilities.
Comprehensive services the entire spectrum of asset types utilized by credit asset managers to service investors. With the addition of this offering, SS&C's Loan Services is able to support the entire range of fund structures including CLO's, funds of one, mutual funds, and SMAs. The middle office platform now features a full service portfolio compliance monitoring service. This delivers additional reporting and pre, post, and hypothetical compliance testing, that clients and their investors can access via a dedicated online portal.
"With the requirement for ever shrinking trade cycles, transparency, and independence, managers demand an automated web-enabled solution," said Nicolas Grenie, Managing Director, SS&C GlobeOp. "Firms need to meet the various demands and strategies from investors without having the need to reconcile data between different systems and vendors."
SS&C Loan Services is comprised of three core areas covering bank loans, residential whole loans, and mortgages supported by a team of product specialists with over 20 years of experience. SS&C services $400 billion of loan assets serviced across 300 clients including asset managers, banks, and insurance companies. Its offering includes a comprehensive suite of technology and outsourced services across the entire loan spectrum, including: loan closing (including LSTA and LMA terms), portfolio compliance, accounting, reserving, credit risk analysis, middle and back-office administration, agency or shadow servicing of commercial and residential mortgages and bank loans.