Products / TradePath

TradePath · Loan trade settlement

Loan trade settlement with every approval recorded.

TradePath was designed specifically for loan trade settlement. It works alongside the ClearPar process and manages the activities that surround it: approvals, documents, wire memos and upcoming tasks.

TradePath · Settlement queueIllustrative
TradeDayStatus
Buy 5,000,000 Term Loan BSign-offs 3 of 3T+6Settled
Sell 2,500,000 Term LoanWire memo sent to custodianT+8Closing
Buy 3,000,000 RevolverAwaiting compliance sign-offT+4Waiting
Buy 1,750,000 Term LoanDocuments with trusteeT+9In progress

How it works

How a loan trade moves through TradePath.

  1. Capture

    Each trade enters the settlement queue with its settlement tasks listed.

  2. Approve

    TradePath issues sign-off requests to the relevant internal teams and archives their responses.

  3. Deliver

    Settlement documents and wire memos are sent to custodians and trustees from one place.

  4. Settle and archive

    The trade closes with its approvals and documents retained for audit.

Capabilities

What TradePath provides.

Automated sign-off requests
TradePath requests approvals from internal teams automatically and stores them against the trade.
Document and wire memo delivery
Settlement documents and wire memos are delivered to custodians and trustees directly.
Settlement tracking
All settlement activity and upcoming tasks are visible in one queue.
Audit archive
Approvals and documents are retained for each trade and are available to auditors.

What changes

Manage approvals, documents and tasks in one place.

TaskCommon practiceWith TradePath
Internal approvalsOften requested by email and filed in foldersRequested automatically and archived against the trade
Wire memos and documentsTypically prepared and sent one by oneProduced and delivered from the trade record
Daily prioritiesUsually a tracking sheet maintained by handA live queue of tasks and upcoming settlements
Auditor requestsOften a search through mailboxesOne archive, organized by trade

A client’s view

A CFO on simplifying work with numerous counterparties.

“Dacumen is a trusted partner and extension of our team who delivers an intelligent, integrated trade and blotter management solution through TradePath and finds concrete ways to simplify our investment and business operation needs which involves working with numerous counterparties. … By engaging Dacumen we have optimized our operations and are able to better meet the transparency demands of our investors and counterparties.”

Chief Financial Officer, investment manager (AUM 25bn+)

Enterprise readiness

Integration, implementation, controls and support.

TradePath is implemented and supported by Dacumen practitioners.

Integration
TradePath operates alongside ClearPar and delivers documents and wire memos to custodians and trustees. It complements the existing settlement process.
Implementation
Dacumen practitioners lead the implementation. They configure the approval routes, document templates and delivery instructions, then run TradePath in parallel with the existing process before cutover.
Controls
Each approval is attributed and time-stamped, and the documents sent for each trade are retained with the trade record.
Support
Clients are supported directly by the team that develops and operates the product.

Request a product walkthrough.

Tell us about your trade volumes and approval structure, and we will take you through TradePath’s settlement queue.