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[null,"Primary markets technology directory"]
[null,"Overview"]
[]
[null,"Last update: 13/10/20"]
["Products","Number of solutions","Jump to filtered directory"]
["Bonds - IG",{"$f":"COUNTIF('Primary markets technology'!$F$7:$F$42,\"*\"&'At a glance'!A6&\"*\")","v":24}]
["Bonds - HY",{"$f":"COUNTIF('Primary markets technology'!$F$7:$F$42,\"*\"&'At a glance'!A7&\"*\")","v":20}]
["Euro Commercial Papers",{"$f":"COUNTIF('Primary markets technology'!$F$7:$F$42,\"*\"&'At a glance'!A8&\"*\")","v":15}]
["Loans",{"$f":"COUNTIF('Primary markets technology'!$F$7:$F$42,\"*\"&'At a glance'!A9&\"*\")","v":22}]
["Schuldschein",{"$f":"COUNTIF('Primary markets technology'!$F$7:$F$42,\"*\"&'At a glance'!A10&\"*\")","v":21}]
["Structured products",{"$f":"COUNTIF('Primary markets technology'!$F$7:$F$42,\"*\"&'At a glance'!A11&\"*\")","v":19}]
["Others",{"$f":"COUNTIF('Primary markets technology'!$F$7:$F$42,\"*\"&'At a glance'!A12&\"*\")","v":24}]

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[null,"Primary markets technology directory"]
[]
[null,"Last update: 13/10/2020",null,"Note: By default, solutions are sorted by name (Column A)"]
[null,"Please read our legal disclaimer.",null,"Solutions can also be sorted individually by attributes in the different columns (see drop-down menu in row 6)."]
[null,"Summary",null,"Participants",null,"Products",null,"Issuance method and market coverage",null,null,null,null,null,"Other features and services",null,null,null,null,null,null,null,"General information"]
["Platform name / Company","Solution stage\n\nAnswer choices [Please select one]:\nLive - Regular execution of live processes/ transactions\nOR\nPrototype - [Please indicate expected go-live date]\n","Brief description\n\nPlease provide a brief description of the system/ platform\n[Max. 100 words]","Eligible participants\n\nAnswer choices [cumulative]:\nUnderwriters\nIssuers\nInstitutional investors\nOthers\n","Details [Max. 50 words]","Debt securities\n\nAnswer choices [cumulative]:\nBonds - IG\nBonds - HY\nEuro Commercial Papers\nLoans\nSchuldschein\nStructured products\nOthers\n","Details [Max. 50 words]","Issuance method\n\nAnswer choices [cumulative]:\nSyndication\nPrivate placement\nAuction\nOther - Please specify\nN/A\n","Details [Max. 50 words]","Minimum size (EUR)","Currencies","Market coverage:\n\nAnswer choices [cumulative]:\nEU/EEA\nUS/Americas\nAsia-Pacific\nOther - Please specify","Details [Max. 50 words]","Electronic Bookbuilding\n\nAnswer choices:\nAnonymous\nDisclosed (to other investors)\nN/A","Details [Max. 50 words]","Allocation \n\nAnswer choices:\nAlgorithmic\nManual\nOther - Please specify\nN/A","Details [Max. 50 words]","Supported electronic communication protocols & standards\n\nAnswer choices:\nFIX\nISO\nSwift\nOthers - Please specify\nN/A","Details [Max. 50 words]","Other services\n\nAnswer choices:\nClearing and settlement\nKYC\nPredictive pricing analytics\nRoadshow logistics\nStandardised bond documentation\nOthers - please specify\nN/A\n","Details [Max. 50 words]","Launched (year)","Website","Contact","Last update"]
["agora","Live - minimal viable product released in Q2 2020. Expected use on live transactions by Q4 2020/Q1 2021.","agora is building an end-to-end solution for holistically managing pre and post trade functions across fixed income, commencing first with a) primary syndications and b) structured and vanilla MTNs and certificates/warrants. The agoraSoftware connects issuers to their bankers and other service providers over a private, permissioned and confidential  distributed ledger network which is designed to increase speed, efficiency, security and resilience, lowering costs by reducing ongoing reconciliation across the multiple data silos of the participants. Market participants digitally manage the entire lifecycle with the transformational agoraSmartBond, the future of fixed income.","Underwriters\nIssuers\nInstitutional investors \nOthers (CSD, Custodians, Listing Authorities)","agora focuses on collaborating with existing market participants in the fixed income market, including issuers, underwriters, lawyers, CSDs, clearing agents, custodians, service providers and rating agencies. agora will partner with existing service providers and provide interoperability with its connective technology.","Bonds - IG (initial focus)\nBonds - HY (future stage)\nLoans (future stage)\nStructured Products (initial focus)","Initially focused on international syndicated bonds and structured products","Syndication \nPrivate placement  ",null,"N/A","All","Global i.e.\nEU/EEA\nUS/Americas\nAsia-Pacific",null,"N/A","agora will look to interoperate and partner with existing bookbuilding service providers","N/A","agora will look to interoperate and partner with existing allocation service providers","Others","API based","Clearing and Settlement\nOther - Smartsecurity Creation.   agoraSmartSecurities are digital objects which contain all the key data needed by market participants, including static data, ownership data and calculations.","agora will look to interoperate with existing service providers in order to provide an end-to-end solution for holistically managing pre and post trade functions across fixed income","Company: 2018\nProduct launch: Q420/Q121","agoradcm.com","yvi@agoradcm.com","Oct-20\n(new addition)"]
["Aurora / Nivaura","Live - Regular execution of live processes/ transactions","Nivaura’s white-labelled solution Aurora is enabling the future of capital markets by digitising and automating primary capital markets workflows .\nAurora  automates legal document generation and execution, as well as automated data dissemination across the new issue process. Serving the debt capital markets ecosystem including banks, issuers and lawyers. It streamlines the way capital markets operate, helping to reduce both cost and operational risk while improving security, speed and flexibility. ","Underwriters (Arranging bank)\nIssuers\nOthers","Others: \nCSD\nLaw Firm\nStock Exchange\nIPA\nListing Agent ","Bonds - IG\nEuro Commercial Papers\nStructured products\nOthers","Technology is currently designed for use with bilateral EMTN drawdowns, Commercial Paper and Certificates of Deposit. ","Private placement\n","\n","Unbounded","As allowable under the relevant issuance programme. For non-deliverable currencies, additional documentation is required but can be managed by Aurora in its current form. ","EU/EEA\nAsia-Pacific",null,"Anonymous\nDisclosed (to other investors)",null,"Algorithmic\nManual",null,null,null,null,null,2020,"https://www.nivaura.com","Dr. Vic Arulchandran\nvic@nivaura.com","2020-09-22"]
["Bloomberg","Live - Regular execution of live processes/transactions","Bloomberg's New Issue platform allows syndicate desks to create, send, and amend announcements of new bond and loan issues in a structured format. This allows both the sell side and the buy side to manage the communication and tracking of new issues more efficiently and with less operational risk.","Underwriters\nIssuers\nInstitutional investors\nOthers","Bloomberg's New Issue Bond platform allows for the structured communication of new issuance information from the sell side to market both on the Bloomberg Terminal and via a structured new issuance feed.  The structured new issuance feed provides the buy side and asset managers with a more efficient way of consuming and storing new issuance information, as part of pre compliance and risk assessment.","Bonds - IG\nBonds - HY\nEuro Commercial Papers\nLoans\nSchuldschein\nStructured products\nOthers\n","Other: Loans and Green Bonds.  The New Issuance Bond platform is capable of supporting any type of bond or loan issuance through existing example templates or through the users own customization of a template.","Syndication\nPrivate Placement\nOther","The NIB (New Issue Bond) platform supports various issuance methods.","N/A","All issuance currencies","Global","Bloomberg's New Issue Bond tool is capable of supporting global coverage of bond issuance.","N/A",null,"Manual","New Issue Bond platform allows for reporting of allocations back to sell-side sales and buy-side","N/A",null,"Pricing Analytics\nStandardised Bond Documentation\nRoadshow logistics\nOther","Bloomberg's New Issue Bond platform allows for input of roadshow information which can be utilized as part of the message structure for the sell side when communicating new issue information to the market.  The platform also allows clients to use 30+ years of fixed income bond calculation, pricing and reference data analytics.",2014,"www.bloomberg.com","Mark Betteridge               T: +44-20-3525-3716 E:mbetteridge@bloomberg.net","2020-08-24"]
["Bond Auction System\nNasdaq Nordic Denmark","Live - Regular execution of live processes/ transactions","Nasdaq Nordic and Baltic support issuing and buy-back auctions in instruments that are traded on price or on yield. \nThe following allotment models are supported on the fixed income markets:\n1) FIFO, first in first out, where orders are matched given their price and time priority\n2) Total (proportional) pro rata allocation where orders are matched according to price and size and allocated volume on a pro rata basis.\nOne sided auctions will be initiated by the issuer submitting an auction request, stating start, stop, and uncross times for the auction. See further details under Issuance method (columns I and J). ","Underwriters\nIssuers\nOthers","Requires separate membership/access","Bonds - IG\nBonds - HY\nEuro Commercial Papers\nStructured products\nOthers","Any debt instrument tradable on Nasdaq Exchanges","Auction (Dutch or American)","The issuer also decides whether the auction is to be uncrossed using: \n1) The Dutch method executes all executable orders at a single price (i.e. a single price auction)\n2) The American method executes all executable orders at their specified price (i.e. a multi-price auction)","No minimum size defined but it is possible to specify a minimum order value. Must be specified in the tradable currency.","All tradable currencies defined in our trading system (All Nordic currencies, EUR and USD).\n\nFurther currencies may be added\n","Nasdaq Nordic and Baltic Markets",null,"Anonymous\nDisclosed\n\n","Orders may be inserted anonymously or disclosed with or without participant ID (configurable)","See description",null,"FIX\nOthers - OMNet ","Initiation of the auction and order management via FIX",null,null,"2000/2001","https://business.nasdaq.com/media/Nasdaq%20OMX%20Nordic%20Market%20Model%20Juni%2010%202019_version%205.3_Final_tcm5044-19229.pdf","Denmark: Jesper Brams, +45 3377 0360\nSweden: Ulrica Ahlstedt, +46 8 405 6238 ","2020-08-31"]
["Capexmove","Prototype - Expected to go-live during Q4 2020. (Currently performing tests with law-firms and financial institutions)","Capexmove is a platform for financial institutions and legal counsels to draft and digitise loan documents in order to automate performance of administrative functions during the life-cycle of loans.","Underwriters\nIssuers\nInstitutional investors\nOthers","Arranger/Agent banks\nLegal counsels","Loans\nBonds - IG (future stage)\nStructured products ","Structured products such as private placements","Syndication\nPrivate placement\nOther - Private direct offering",null,"N/A","N/A","EU/EEA\nUS/Americas\nAsia-Pacific",null,"N/A",null,"Algoritmic\nManual","Allocation will be performed by the smart contract in the form of either maintenance of a ledger or tokens to relevant parties.","N/A",null,"Clearing and settlement\nOthers","Others - Automated transfer of contract data to IT systems\nManagement of certain life-cycle events\nTokenisation of debt",2018,"www.capexmove.io","cuneyt.eti@capexmove.io","2020-09-01"]
["CMDportal Indication of Interest","Live - Regular execution of live processes/ transactions","Pre Trade Primary Market Platform for ECP, MTN, Schuldschein and other Private Placements. ","Underwriters\nIssuers\nInstitutional investors\nOthers\n","Others: Dealers Brokers","Bonds - IG\nBonds - HY\nEuro Commercial Papers \nLoans\nSchuldschein\nStructured products\nOthers\n","Certificates of Deposit\nGovernment Bonds, Corporate Bonds, Agencies, Supranationals, Covered Bonds, High Yield, Emerging Markets, ABS, Money Market Instruments;\nthere is no limit in  the type of debt instruments that can be offered through the CMDportal IOI platform. ","Private placement ","Request for Quote","As determined by applicable regulations","No Limit, as permitted by applicable regulations. ","\nEU/EEA\nUS/Americas\nAsia-Pacific","No Limit, as permitted by applicable regulations. ","N/A","Indicative Private Placements","Manual",null,"N/A",null,"Roadshow Logistics","Calendar, Momentum Building",2016,"www.cmdportal.com","pvd@cmdportal.com","2020-08-18"]
["Corporate Bond (COBI) / Overbond","Live - Regular execution of live processes/ transactions","COBI (Corporate Bond Intelligence) is a comprehensive suite of Overbond AI algorithms that enhance relationships between investors and corporate bond issuers through better price discovery, leading to more efficient deal benchmarking, participation, and execution. \nWe developed a set of powerful algorithms that apply machine learning on recorded history for a set of CUSIPS/corporate balance sheet fundamentals to predict: pricing for both new securities and secondary market CUSIPS with the highest deal/trade potential, also predicting most likely new supply and pricing.","Underwriters\nIssuers\nInstitutional investors\nOthers","Others: Trading venues,\nratings agencies\nPowerful AI enabled supply discovery application with fully integrated issuer-dealer-investor information flow.\nImprove investor engagement and obtain powerful investor insights. De-risk future offerings with better price discovery.\nEnhanced client engagement with real-time data and customized analysis, monetizing on AI powered fixed income network.","Bonds - IG\nBonds - HY\nLoans\nSchuldschein\nStructured products\nOthers\n","Others: Green bonds,\nInfrastructure PPP","Syndication\nPrivate placement \n","Pre-deal soundings\nPre-deal supply/demand matching\nPre-deal analytics\nPrivate placements\nCustom matched club deals (1-1), (1-many)\nSyndication in benchmark size","$15M +","G8 currencies\nselective non-G8 currencies","EU/EEA\nUS/Americas/CAD\nAsia-Pacific",null,"Anonymous\nDisclosed (to other investors)\n","Fully electonic sounding pre-deal matching and book building\nPrivacy settings are set by dealer underwriter\nSolutions are fully modular to operate anonymous and disclosed submissions.\n\nAlgorithms identify traditional and non-traditional buyers and match interest with appropriate supply so that deals can execute efficiently.","Algorithmic\nManual","Fully electronic allocation or discretionary manual allocation feature is triggered by type of deal or dealer underwriter preferences (both functionalities exists)","N/A",null,"Predictive pricing analytics\nRoadshow logistics\nStandardised bond documentation",null,2015,"www.overbond.com","Phone:+1 416.559.7101       E-mail:info@overbond.com","2020-09-24"]
["cosmofunding by Vontobel","Live - Regular execution of live processes/ transactions","cosmofunding digitalizes brokerage for financing of the public sector and of private companies. The online platform automates the processes for private placements (secured and unsecured) and loans, creates transparency, shortens time-to-market and provides cost benefits. A fixed income investor gains access to a market that could previously not be accessed or only to a limited extent. This expands and optimizes the distribution network on both sides. As an operator of this ecosystem, Vontobel offers a comprehensive solution on how to easily invest. Each transaction has an independent credit rating from fedafin AG.","Issuers\nInstitutional investors\nOthers","cosmofunding is open to all issuers and institutional investors","\nLoans\nSchuldschein\nBonds","Fully automated securitization of private placements, real estate secured financing also possible and bonds – highly convenient for issuer and investor. ","Private placement\nAuction                          Other - Bookbuilding, Fix                  ","Auction, Fixed term offerings and bookbuilding","500k","CHF, EUR, USD, GBP (more possible on request)","Switzerland\n(global expansion as the name cosmo indicates planned)","Europe planned for 2021","Anonymous ","Private Placement =anonymous & Loans disclosed to issuer","Other - automated due to platform rules",null,"Others: ","Web based - all communication within the ecosystem","\nClearing and settlement\nKYC\nPredictive pricing analytics\nRoadshow logistics\nStandardised bond documentation","cosmofunding offers a fully fledge service to issuers and investors",2018,"www.cosmofunding.com ","Tel.: +41 58 283 77 44\ne-mail: cosmofunding@vontobel.com","2020-09-01"]
["credX AG ","Live - Regular execution of live processes/ transactions","Independent transaction infrastructure for primary credit instruments. credX allows direct communication between issuers and investors via structured communication formats. We cover the following processes: Structuring (identifying appropriate counterparties, selection of suitable instruments); market sounding, negotiation of documentation; Bookbuilding, bidding process; closing; generating settlement instructions. We carry out the administrative tasks (like KYC documentation, NDAs, securing an audit trail) as well and deliver seamless acess to fronting banks.","Issuers\nInstitutional investors\nOthers","Issuers comprise: Large corporates, mid market with good credit standing (IG or crossover according to banking scorings like Bundesbank KEV scoring, turnover above 100m EUR); Financials, Municipals; investors: insurance, banking, credit funds, mutual funds.\nOthers: Deal advisors (including banks, but not as arrangers)","Bonds - IG\nBonds - HY\nLoans\nSchuldschein\nOthers\n",null,"Private placement\nAuction","Auction includes tender offers as usual in the loan markets where investors provide the final documentation"," EUR 5m","No technical or legal restrictions, Current focus is EUR with CHF and USD as further options","EU/EEA\n",null,"\nAnonymous\nDisclosed (to other investors)\n","The issuer selects the orderbook transparency level for each transactions from opaque to semi- or fully transparent. By bidding, investors accept this.","\nManual\n","Default is discretionary allocation, but issuers can choose rule based allocations including interest tender and multiprice offers","\nOthers: Xls, cvs\n",null,"Clearing and settlement\nKYC\nStandardised bond documentation\nStandardised loan and Schuldschein documentation\nOthers\n","Others: Clearing and settlement (via fronting banks / issuing agents)\nPre-matching of issuers and investors\nAggregated data on prices and documentation standards\nIndividual client profiles which can be used for Creditor relations and to adress issuers\nScoring and rating services (via partners)\na fronting banks / issuing agents)",2018,"https://credxmarkets.com/","CEO Ralf Kauther\nkauther@credx.de\n+491773569435","2018-12-18"]
["CrossLend","Live - Regular execution of live processes/ transactions","CrossLend is a digital debt marketplace with a mission to make the European lending and investment ecosystem more efficient, transparent and profitable. By means of an innovative securitisation solution, we seamlessly connect originator supply with institutional investor demand, creating uniquely flexible, beneficial opportunities for both. With lenders empowered to lend more and investors able to deploy their capital more efficiently, liquidity is available to flow where it’s needed, helping fund Europe’s real economy: a win-win-win situation for all.","Institutional investors","i.e. qualified investors","Bonds","i.e. notes","Private placement",null,"depending on the deal, but usually EUR10m","currently EUR, GBP (but we could issue in any other currency)","EU/EEA","Currently, CrossLend is active in Europe, but expansion to the US is planned.","n/a","n/a","Manual",null,"Others - SFTP","CrossLend uses the Secure File Transfer Protocol to secure the provision of file accesses, file transfers, and file management for reliable data streams.","Clearing and settlement\nKYC\nPredictive pricing analytics\nStandardised bond documentation","\nCrossLend ensures clearing and settlement of the issued bonds through the partner bank BCEE. The KYC procedures are followed and conducted with both sides, the originators and the investors. Predictive pricing analytics and standardised bond documentation are provided for all clients. ",2014,"www.crosslend.com","Mobile: +49 172 166 5211\nMail: jochen.vonnida@crosslend.com","2019-09-18"]
["Dealfabrix / Erste Group Bank AG","Live - Regular execution of live processes/ transactions","Fully digital, paperless issuance of Schuldscheindarlehen/Loans, incl. documentation.","Issuers\nInstitutional Investors\nOthers","Others e.g. Arrangers or Agents","Bonds\nLoans\nSchuldschein ",null,"Syndication\nPrivate Placement",null,null,null,"EU/EEA","Focus on Austrian and German law, other European jurisdictions are in analysis.","Anonymous",null,"Manual",null,null,null,"Others - Additional documentation services are currently under development",null,2018,"www.dealfabrix.com","welcome@dealfabrix.com","2020-09-01"]
["DEBTVISION / DEBTVISION GmbH","Live - Regular execution of live processes/ transactions","\nThe DEBTVISION platform is a digital marketplace for promissory note loans and registered bonds on which companies, financial institutions and public authorities are brought together with professional investors in a direct and efficient way. ","Underwriters\nIssuers\nInstitutional investors\nOthers ","Others means savings banks and state banks, cooperatives, regional und commercial banks, insurances, pension funds\ninvestor regions are: Germany, Austria, Switzerland, Rest of Europe, Asia \nissuers are companies, financial institutions and public authorities with good and very good credit profile","Schuldschein\nRegistered Bond (Namensschuldverschreibung)","DEBTVISION is a digital marketplace for corporate financing.  It has started with a marketplace for promissory note loans and registered bonds.","Syndication\nPrivate placement",null,"EUR 10m","EUR, USD, CHF, GBP","EU/EEA",null,"Anonymous","The issuers get real time orderbook transparency on the platform.","Manual",null,"ISO",null,"Clearing and settlement\nStandardised Schuldschein and registered bond documentation\nOthers - Investor Telco logistics","Provider included Global Investor Call logistics;","June 2018","https://www.debtvision.de/#-","Christoph Steinbrich (CEO)\nchristoph.steinbrich@debtvision.de \n+49 (0) 711/127 73110\n+49 (0) 160 366 5564\nService-Center:\n+49 (0) 711 127 74300\nservice@debtvision.de \nDEBTVISION GmbH\nFritz-Elsas-Str. 31\n70176 Stuttgart","2020-09-01"]
["DirectBooks LLC","Prototype - Q4 2020","An innovative digital platform designed to optimize the primary issuance process for fixed income products.  A singular distribution point to manage communications amongst constituents.","Underwriters\nIssuers\nInstitutional investors","All eligible underwriters and investors","Bonds - IG\nBonds - HY","Initially IG and HY Bonds","Syndication",null,"None","USD and EUR initially","US/Americas\nEU/EEA\nAsia-Pacific",null,"Anonymous",null,"Automated",null,"FIX initially",null,null,null,2019,"directbooks.com","CEO:  Rich Kerschner; rkerschner@directbooks.com\nChair:  Matt Miller; mmiller@directbooks.com","Sep-20\n(new addition)"]
["european primary placement facility (eppf) S.A. ","Live - Regular execution of live processes/ transactions","eppf - innovative, independent IT & infrastructure platform for near-real-time bond issuance. Active since 2017. EU-regulated in Luxembourg. \nFunctional focus on middle- & back-office process automation, termsheet automation, private placement engine use, and all services out of one hand for primary capital markets deals with legal documentation as core product. Products comprise various structures to issue securities. eppf established a broad ecosystem & contractual relationships as part of its business model over last years. It is a bank-centric platform.\nClient focus of eppf is on B2B clients, with emphasis on treasury departments of sovereigns, SSA, banks, multinationals, SME clients.","Underwriters\nIssuers\nInstitutional investors\nOthers","Issuers range from small (Project entities) to large borrowers (SSA) due to multi-level benefits of eppf. eppf can act as full-scale treasury subsidiary and built an ecosystem incl. investment banks and investors various of whom already been onboarded. Further, it is easily possible to issue to non-onboarded investors.","Bonds - IG\nBonds - HY\nEuro Commercial Papers\nLoans\nSchuldschein\nStructured products\nProject bonds\nGreen and sustainable finance\nInfrastucture finance\nMunicipalities\nOthers","eppf products include IG, cross-over, CP, loans, Schuldschein, limited structured products, treasury subsidiary, cleared NSVs (Namensschuldverschreibung), repack structures, bond exchange offers, white labelling, and documentation or digitalisation. eppf offers CMU-compliant securities.","Syndication\nPrivate placement\nAuction","Middle- and back-office integration via dedicated APIs across methods such as - syndication, private placement, auctions and others -  is possible with eppf.","10m and up; both large (billion + in EUR/GBP/USD equiv.) or small volume possible; generally no size restrictions but economics/efficiency is increasing with size or plain vanilla financing; collateral use (static collateral) and loan level reporting via API is part of the product offering","All  freely-convertible currencies + RMB.","Global","Global coverage; new issuance is possible excluding 144a offerings.","Anonymous\nDisclosed (to other investors)","Via API eppf is compatible with all current systems.","Manual                  Algorithmic                 \nOther - Issuer specific","Various allocation methods in line with current regulations (MiFID II) are available on eppf.","Other - Various","Compatible with FIX, \nISO 20022","eppf is regulated, and provides range across end-to-end value chain; \nthe eppf ecosystem works with regulated providers (Big 4, Global Custodian banks); eppf ensures compliance and enables efficiency for issuers, investors, and banks on the platform","CMU-compliant bond documentation. Services that eppf provides range across end-to-end value chain including pre-trade, due diligence and documentation, and roadshow, analytics to clearing and settlement.",2017,"eppf.eu","Robert Koller, Executive Chairman\n\nFlorian Waizenegger","2020-10-05"]
["finpair GmbH","Live - Regular execution of live processes/ transactions","A platform where corporates can issue German Schuldscheindarlehen. The platform connects issuer with investor.","Issuers\nInstutional investors",null,"Schuldschein\nOthers - Green Schuldschein, Sustainability-linked Schuldschein",null,"Syndication\nPrivate Placement",null,"20,000,000","EUR, CHF, USD, GPB","EU",null,"Anonymous",null,"Algorithmic \nManual",null,"N/A",null,"KYC\nPredictive pricing analytics\nDocumentation",null," November 2018","www.finpair.de","wilkening@finpair.de, +49 511 / 874 56 172, +49 173 / 2043286 \n ","2020-09-24"]
["firstwire.market / firstwire GmbH","Live - Regular execution of live processes/ transactions","Webbased solution connecting issuer with investors directly in the primary market, but also connects investors in the secondary market","Issuers\nInstitutional investors\nOthers",null,"Loans\nSchuldschein\nOthers","Registered bonds (ranging from IG to x-over in terms of credit quality)","Private placement",null,"1m","EUR, USD  ","EU/EEA",null,"N/A",null,"Manual at sole discretion",null,"N/A",null,"Others","Support through firstwire consulting GmbH, a company designated to assist firstwire members. It provides, for example, risk analysis for transactions, supports the issuance process, etc.",2016,"https://firstwire.market/en/","+49 (0) 221 677 78 85 - 0 ; info@firstwire.market","2020-10-01"]
["Globacap","Live - Regular execution of live processes/ transactions","Automated capital markets platform for digital security arranging, issuance, administration, and custody. Authorised and regulated by the Financial Conduct Authority (FCA).\n\nGlobacap's core product is a blockchain-built automated platform which simplifies and streamlines the following three financial processes for issuers:\n1) Primary Issuance (capital raising)\n2) Securities Administration\n3) Securities Custody","Issuers\nInstitutional investors","Others:\nAsset administrators\nHolders of portfolio assets (e.g. P/E, VC, etc)","Bonds\nLoans\nStructured products\nOthers - Convertibles",null,"Private placement\nAuction\nSyndication\nOther - Public offer",null,1000000,"All major fiat and crypto currencies","EU/EEA\nAsia-Pacific",null,"Anonymous",null,"Algorithmic","Either directly if fixed issuance price, or algorithmic if auction. Issuer can have oversight and final say if private placement.","Swift",null,"KYC\nOthers","Others - Arranging (structuring, document generation, investor suitability and KYC, bookbuilding, security issuance) - all automated\n\nCustody throughout of both cash and securities",2017,"globacap.com","General queries:\ninfo@globacap.com\n\nCEO:\nMyles Milston\nmyles@globacap.com","2020-08-19"]
["HSBC MyDeal / HSBC","Live - Regular execution of live processes / transactions","MyDeal is a one-stop-shop for HSBC bankers and issuers during roadshows. It covers both DCM and ECM. Features include: Roadshow logistics, Book building, Investor Feedback, Pricing and more","Issuers",null,"Bonds - IG\nBonds - HY\nEuro Commercial Papers\nStructured Products\nOthers","All Fixed Income instruments and Equities","Syndication",null,"No Minimum size","All currencies","Global",null,"N/A",null,"N/A",null,"Others: API based",null,"Roadshow Logistics\nOthers","\nOther:\nBond and other documentation\nPricing\nInvestor Feedback\nBook-building\nAllocation","Internally within HSBC in Nov 2017\nExternally to limited number of clients from Jan 2019 ","https://mydeal.gbm.hsbc.com/ ","jean-marc.mercier@hsbcgroup.com","2020-09-29"]
["IHS Markit Deal Monitor","Live - Regular execution of live processes/ transactions","Primary market application used by investors to view deal terms, place orders and receive allocations.","Institutional investors",null,"Bonds - IG\nBonds - HY\nEuro Commercial Papers\nLoans\nSchuldschein\nStructured products\nOthers",null,"Syndication\nPrivate placement",null,null,"All","EU/EEA\nUS/Americas\nAsia-Pacific",null,"N/A",null,"N/A",null,"N/A",null,"N/A",null,2016,"https://ihsmarkit.com/products/fixed-income-issuance.html",null,"2020-09-01"]
["IHS Markit IssueBook","Live - Regular execution of live processes/ transactions","Primary market application used by syndicate desk to build order books by aggregating orders from sales / investors.","Underwriters",null,"Bonds - IG\nBonds - HY\nEuro Commercial Papers\nLoans\nSchuldschein\nStructured products\nOthers",null,"Syndication\nPrivate placement",null,null,"All","EU/EEA\nUS/Americas\nAsia-Pacific",null,"N/A",null,"N/A",null,"N/A",null,"N/A",null,2002,"https://ihsmarkit.com/products/fixed-income-issuance.html",null,"2020-09-01"]
["IHS Markit IssueLaunch","Live - Regular execution of live processes/ transactions","Primary market application used by syndicate desks to communicate deal terms to sales, other banks and investors.","Underwriters",null,"Bonds - IG\nBonds - HY\nEuro Commercial Papers\nLoans\nSchuldschein\nStructured products\nOthers",null,"Syndication\nPrivate placement",null,null,"All","EU/EEA\nUS/Americas\nAsia-Pacific",null,"N/A",null,"N/A",null,"N/A",null,"N/A",null,2016,"https://ihsmarkit.com/products/fixed-income-issuance.html",null,"2020-09-01"]
["IHS Markit IssueNet","Live - Regular execution of live processes/ transactions","Primary market application used by syndicate desks to share / reconcile orders on pot deals.","Underwriters",null,"Bonds - IG\nBonds - HY\nEuro Commercial Papers\nLoans\nSchuldschein\nStructured products\nOthers",null,"Syndication",null,null,"All","EU/EEA\nUS/Americas\nAsia-Pacific",null,"N/A",null,"N/A",null,"N/A",null,"N/A",null,2003,"https://ihsmarkit.com/products/fixed-income-issuance.html",null,"2020-09-01"]
["IHS Markit Issuer View","Live - Regular execution of live processes/ transactions","Primary market application used by issuers to view live order book built by underwriters.","Issuers",null,"Bonds - IG\nBonds - HY\nEuro Commercial Papers\nLoans\nSchuldschein\nStructured products\nOthers",null,"Syndication\nPrivate placement",null,null,"All","EU/EEA\nUS/Americas\nAsia-Pacific",null,"N/A",null,"N/A",null,"N/A",null,"N/A",null,2007,"https://ihsmarkit.com/products/fixed-income-issuance.html",null,"2020-09-01"]
["Invesdor.com / Invesdor Oy","Live - so far in the Nordics. Now being rolled out in Germany and Austria","crowdinvesting type of process: Via website www.invesdor.com digital and automised investment process.","Institutional investors\nOthers","Issuer are medium sized companies mostly from Finland, Germany or Austria; Investors are mostly private individuals to business angels and VCs.","Bonds - HY\nOthers - Convertible Bonds HY","standardised documentation; bonds are not listed","Auction","Online auction for coupon. Online execution; Lead investor pool bids for Coupon","1 mln","EUR","EU/EEA","invesdor.com operates with Mifid 2 license","Anonymous",null,"Other - Automated","Coupon of the investor(s) which completes the target volume defines coupon for all investors.",null,null,"Standardised bond documentation\nKYC\nOthers - Electronic bondholder register",null,2015,"www.invesdor.com","guenther.lindenlaub@finnest.com","Sep-20\n(new addition)"]
["Liquidnet","Technology completed.  Expected Go-Live Q4'20","Primary market workflow connecting buy-side to syndicate banks for 2-way electronic exchange of information around new issue announcements, deal updates, sending of ordes to syndicate banks, and receiving back allocations.  Leverages the network, OMS connectivity, and desktop real estate that Liquidnet has in its FI secondary trading platform.","Underwriters\nInstitutional investors",null,"Bonds - IG\nBonds - HY","EUR, GBP, and USD RegS European corporate bonds (IG, HY) and emerging market bonds","Syndication",null,null,"EUR, GBP, USD","EU/EEA securities, for EU/EEA + US investors",null,null,null,null,null,"FIX",null,"Other - New issue data standardization","Conversion of new issue launch information and updates from unstructured data to standardized structured data format using Liquidnet's technology, for further distribtion of such data to investor systems including OMS platforms, in addition to the Liquidnet platform.",null,"www.liquidnet.com","Constantinos Antoniades, Paul Tregidgo, Anshuman Mehta, Rosalind Bell","Sep-20\n(new addition)"]
["Loanboox","Live - Regular execution of live processes/ transactions","Independent debt capital market platform connecting public sector and large corporate borrowers with institutional investors and banks","Issuers\nInstitutional investors\nOthers","As borrowers,  municipalities, large corporations and closeto public-sector authorities (e.g. municipality-owned utilities, sewage companies,..) are eligible. As investors, institutional investors like pension funds, insurance companies and banks are allowed. ","Bonds - IG\nLoans\nSchuldschein","Listed bonds","Syndication\nPrivate placement\nAuction\nOther: Direct","Loanboox connects investors and issuers  directly, without intermediary. \n","500k","All","EU/EEA","Europe so far","Anonymous (to other investors)","The issuer will see the offers during the book-building process in an anonymized way. After settlement, investors are known to issuers. For all investors, the financing offers of any other investors are anonymised.","Algorithmic","The digitally integrated book-building takes place based on a set of transparently displayed, algorithmic rules.  ","N/A",null,"Clearing and settlement\nStandardised bond documentation\nOthers: Market making","Automatic clearing and settlement via paying agent, custom bond documentation and market making via paying agent partner.  ",2016,"www.loanboox.com","martina.buehler@loanboox.com","2020-09-01"]
["London Stock Exchange Issuer Services Flow","Prototype (client test environment currently available with expected production go live in Q4 2020)","LSEG Flow is a digital platform that  automates the execution process for DCM transactions. The first iteration will offer functionality for the execution of MTN private placements. Flow allows dealers and borrowers to collaborate with other stakeholders, such as internal or external legal counsel and swap counterparties, during the capital raising process on one platform.                                                                                                                                                                                                                                                                                                                      LSEG Flow has three core pillars:\n•             Document automation : fast and efficient creation of all transaction documents using General Purpose Legal Mark Up Language. \n•             Workflow interfaces: a smart, intuitive interface that helps users input terms efficiently\n•             Market connectivity with participants across the capital markets spectrum \n","Underwriters\nIssuers\nOthers","LSEG Flow allows access for various counterparties involved in the transaction process, including issuers, dealer banks (DCM teams and internal legal counsel), external legal advisors and downstream counterparties such as listing venues, rating agencies and IPAs. Access at various levels is designed to ensure full confidentiality and protection of data as well as to ensure security of information.","Bonds - IG\nAny drawdown under an EMTN/ GMTN programme","Current functiionality enables the execution of privately placed vanilla debt transactions under EMTN/GMTN Programme documentation","Private Placement","Only privately placed transactions supported under current functionality, with full execution of syndicated deals planned for future releases","No minimum size","All currencies supported","EU/EEA\nUS/Americas\nAsia-Pacific\nOther - Global","All markets covered","N/A","N/A","N/A","N/A","Others - GLML (General-Purpose Legal Mark-up Langauge)","LSEG Flow utilises General-Purpose Legal Mark-up Language (GLML), an open specification language governed by the GLML Consortium. General-purpose Legal Markup Language (GLML) is used to annotate legal documentation to make it both human and machine readable.","Standardised bond documentation\nOthers - integration with listing venues, rating agencies and IPAs (in development) ","LSEG Flow allows for drafting of standardised bond documentation and integration with downstream transaction counterparties such a listing venues, rating agencies and IPAs",2020,"https://www.lsegissuerservices.com/flow","flow@lseg.com","Oct-2020 \n(new addition)"]
["MonetaGo Automated Issuances / MonetaGo","Prototype - Live Q4 2020","Our Automated Issuances platform digitizes the corporate debt issuance process and provides significant efficiencies immediately across a range of Corporate Issuances, including Commercial Paper, Bank Guarantees, Certificates of Deposit, Corporate Debt, and Letters of Credit. Successfully piloted in India in May 2019, the solution enjoys broad support from international participants such as banks, issuers, depositories, Register Transfer Agents, Credit Rating Agencies, and regulators.Our distributed ledger-based platform enables:\n• Rule enforcement across entire network by participants\n• Workflow management across multiple organizations\n• Information sharing and transparency with regulators\n• Maintenance of control over organizations data\n• Interoperability with existing infrastructures\n• Reduction of resource intensive processes","Banks / Underwriters\nCorporate Issuers\nInstitutional investors\nOthers","Corporate Issuers, Investors, Arrangers / Banks / Underwriters,  IPAs, RTAs, Depositories, Credit Rating Agencies.","Bonds - IG\nBonds - HY\nEuro Commercial Papers\nLoans\nSchuldschein\nStructured products\nOthers","All apply. Starting with Commercial Paper, Bank Guarantees and Certificates of Deposit.","Syndication\nPrivate placement",null,null,null,"Asia-Pacific\nEU/EEA\nUS/Americas\n",null,"N/A","Book building done externally to solution","Manual","N/A","Proprietary","Custom messages via R3 Corda","Standardized bond documentation\nOther: digital document storage, digital signatures","Integrated document digitization (e.g. Promissory Notes, Certificates, Letters of Offering, etc.)",2019,"www.monetago.com","jeff@monetago.com","2020-08-01"]
["NowCP","Live - Regular execution of live processes/ transactions","NowCP, the European Marketplace for Commercial Paper, is an issuing and trading platform for short term debt.\nNowCP is licensed by the AMF and the ACPR, which allows Members to trade on the primary and secondary markets, bilaterally or multilaterally and through intermediaries.\nNowCP greatly improves the fluidity of transactions by digitalizing the entire front office process with STP integration to OMS/PMS and TMS. NowCP also offers STP settlement solutions: improved CSD settlement through Euroclear with automatic ISIN, as well as Instant funding through ID2S, a new generation CSD (later cut-offs, live ISIN, faster delivery versus payment)","Underwriters (Dealers)\nIssuers\nInstitutional investors\nOthers","List of issuers:\nFinancial issuers, Corporate issuers, Supranational issuers, local and territorial authorities, intermediaries\nList of Investors :\nAsset managers, Institutional investors, Corporates…","Euro Commercial Papers\nOthers - Certificates of Deposit","All types of short term debt securities issued in Europe","Other","Firm orders\nThe curve published by the issuer is binding: it is a firm order.\nThe proposals posted by investors are also binding","No standard minimum size.\nEach issuer decides and posts a minimum and a maximum size (for each order posted)","EUR at start. USD and GBP at a later stage ","EU/EEA",null,"N/A","No bookbuilding, orders are firms. Ability to negociate.\nNowCP is the only CP platform where you can issue (primary market) and trade on the secondary market.",null,null,"FIX\nOthers - Flat File over SFTP, BT Radianz","FIX : Drop-copy, order, market data\nFlat File : trade execution, audit","Others:\n1) Live / Automatic ISIN\n2) Reportings: portfolios, schedule, best execution\n3) Integrated service with a new generation CSD offering Delivery versus payment in 5 to 10 minutes","Creating native full STP market:\n- Possibility to trade on the primary and secondary market\n- multilateral or bilateral trading\n- direct placement or intermediated transactions\n- automatic ISIN\n- Single instruction flow (NEW): one transaction = one term sheet shared by all participants involved in the transaction (issuer, dealer, investor, custodian, domiciliary agent)\n=> Drastic reduction in the number of errors. ",2019,"https://nowcp.eu/","herve.labbe@nowcp.eu","2020-08-01"]
["OMAS / Covalent Capital Pte. Ltd.","Live - Regular execution of live processes/ transactions","OMAS is a unique full life cycle cloud based shared platform built to deliver cost, process and information efficiencies for primary markets. It is an interactive interface connecting Banks, Investors and issuers allowing for \n- A centralized dissemination of new issue information\n- Roadshow Management\n- Online book build\n- Algorithmic Allocation with customization\n- real-time intimation of Allocation, hedge settlement\n- Record keeping with full audit trail\n- Tracked changes to all orders and deal details\n- Unique search capabilities through Nucleus across old deals, documents and live prices on existing bonds.","Underwriters\nIssuers \nInstitutional investors\nOthers - Lawyers, Private Banks, \nontrol Functions","OMAS is built for simultaneous and role based access to operational verticals across participants. Sell Side has DCM/Syndicate/ Sales and Control functions. Buy Side has Dealers/ PMs/ Research and Control Functions","Bonds - IG\nBonds - HY \nLoans (pipeline)\nStructured products (pipeline)\nOthers","Built to be product/currency/region agnostic. OMAS currently covers G3+SGD issuances for all deal types\nOthers: MTN","Syndication \nPrivate placement \nAuctions (pipeline)","OMAS' syndication module is fully built and functional. Syndicates can book build using manual/rule-based/algorithmic allocation methods. ","N/A","USD, EUR, GBP, SGD, JPY, HKD, CNH, AUD, MYR","Asia-Pacific\nEurope (pipeline)",null,"Anonymous ","OMAS’ state-of-the-art role partitioning system ensures its functionality as a single source of truth when jointly book building while preserving unique client/order secrecy. Book building is anonymous and based on investor discretion. Investors have the ability to submit orders to specific arranger(s) involved in a deal. Arrangers have the flexibility to disclose to investors the overall book size on an aggregated level\n","Algorithmic\nManual        \nOther - Rule Based","OMAS currently allows syndicate to chose between  manual or 5 different types of rule-based allocation methods while allocating bonds. ","FIX\nOthers: API","OMAS is effortlessly deployable (cloud based) and has been built using APIs that are easily configurable to integrate with 3rd party/in house systems both at buy and sell side firms","\nRoadshow Logistics\nOthers - Mobile App for new issue information\nNucleus - Bond Search Engine\nPredictive Pricing Analytics - New Issue Premium, Deal Statistics, IPG Tightening\n\n","In addition to its primary book building capability, OMAS offers:\nNucleus - Historic Bond Search Engine allows users to seach for historic bonds and OC/Docs by multiple criteria\nMobile App - Alerts users for new bond issues/mandates showing. Real time Live Mandate and Deal Board showing live deals .\nPredictive Pricing Analytics - aggregating New Issue Premium, Deal Statistics and IPG Tightening \nFully functional roadshow logistics arranging module for all users"," November 2018","www.covacap.com","Sanjay Garodia\n+65-62065722\nsanjay@covacap.com","2020-08-25"]
["Onbrane","Live - Regular execution of live processes/ transactions","Onbrane is modernizing the issuance and settlement of commercial papers by bringing together all stakeholders in a single, efficient and secure environment. While the chosen architecture, which capitalizes on the recognized skills of market actors, has obvious benefits on the operational side, it also makes it possible to improve the efficiency and accessibility of reliable, traceable and comparable information. We cover all the negotiation use cases (purchase of a CP from an issuer by an intermediary for its book or committed by an investor; sale of a CP in the secondary market).","Underwriters\nIssuers\nInstitutional investors\nOthers","Issuers: Financial Issuers\nCorporate Issuers\nSupranational Issuers\netc,\nIntermediaries: Dealers, Brokers  \nInvestors: Asset Manager, Institutionals \nCorporates etc, ","Euro Commercial Papers (NEU CP, NEU MTN, EURO CP, EMTN, Green CP, Social CP)","Onbrane is a generalist debt platform that allows you to trade across multiple global markets with just a few clicks.\nA type of commercial paper is only one characteristic of a paper, just like its amount or rate. \nWe add new debt products as quickly as possible.","Private placement","All users can initiate a negotiation. Our offer/counter offer system allows to quickly reach an agreement. It allows to renegotiate each feature of the security. Negotiation is humanized by a chat module to make live comments. \n",150000,"All ","EU/EEA\nUS/Americas\nAsia-Pacific","All market players have their place on the platform in order to guarantee the liquidity and dynamism of the CP.Onbrane is interoperable with the markets: it is a 100% open system that allows you to buy on its platform and resell by other means. ","Anonymous","Anonymous negotiation process between the two participants of the negotiation","Manual","All the users can choose manually with whom they want to negotiate and the terms.","FIX\nOther - Flat Files\nOther - BT Radianz","FIX API via flat files, API rest\n","Others - Predictive modelisation, analytics\nOthers - Plug and play onboarding","Through the platform, users can export their logs to implement their compliance reports.  A lot of data from several sources is available to help you make decisions. Data visualization tools are implemented.\nA simple tailor-made onboarding to avoid project risks and to quickly add new players.",2018,"www.onbrane.com","32, rue de ponthieu 75008 Paris, France\n01 40 76 09 51\ncontact@onbrane.com","2020-09-01"]
["Origin","Live - Regular execution of live processes/ transactions","Origin provides a fully digital front to back issuance solution for the primary debt capital markets. Originators and issuers can connect via our Marketplace, where issuers can share funding needs and requirements. Dealers and lawyers can use our Documentation product to automatically generate deal docs (termsheets, final terms, etc). Market infrastructure entities can read transaction data directly from our system in a digital format through our Post-Trade product.","Underwriters\nIssuers\nOthers","We also work closely with Paying Agents, Stock Exchanges and other market infrastructure entities","Bonds - IG\nCommercial Papers\nSchuldscheine\nStructured Products\nOthers","Others: Certificates of Deposit, NSV\n","Private placement\nSyndication","We do not provide book building services, however our documentation product can produce all necessary deal docs for both bilateral private placements as well as syndicated transactions.",1,"All","Global","We work with EMTN/RegS issuers, so issuers around the world who issue internationally. Additionally, we work with issuers in the YCD market. We do not work with 144A issuers (if those issuers cannot do RegS)","N/A",null,"N/A",null,"N/A",null,"Clearing and settlement\nStandardised documentation","Our documentation generator helps automate the drafting of documents, as well as helps facilitate the electronic listing and settlement of transactions ","Company formed in 2015, Product launched in 2017","https://originmarkets.com","Raja.palaniappan@originmarkets.com ","2020-09-24"]
["PREF-X","Live - regular execution of live processes/ transactions","Web based market infrastructure standardizing and streamlining operational processes for issuing and monitoring Corporate debt. \nConnects all parties to a transaction. Reduces life cycle and operational costs for participants. ","Underwriters\nIssuers\nInstitutional investors\nOthers",null,"Bonds - IG \nBonds - HY\nLoans\nSchuldschein\nOthers","All Mid- long term debt instruments investment grade","Syndication\nPrivate placement",null,"1 M","all","EU/EEA",null,"N/A",null,"Manual",null,"N/A",null,"KYC ","KYC facilitation process / waiver  & consultation management / documentation and covenant monitoring",2017,"www.prefx.org","Marie-Hélène Crétu    \n + 33 671998233 \n mhcretu@prefx.org","2020-09-24"]
["Scribestar","Live - Regular execution of live processes/ transactions","Scribestar is the only enterprise-grade platform that allows lawyers, bankers, other corporate advisors and issuers to collaborate in real time to produce complex documentation for equity and debt capital markets. The Scribestar platform manages the complete lifecycle from document creation to publication.","Underwriters\nIssuers\nOthers","All issuers, their advisors, counsel, banks/sponsors/underwriters.\n\nScribestar is permission-based, with a hierarchy of responsibility levels, delivering controlled efficiency, transparency and auditability to the entire deal team","Bonds - IG\nBonds - HY\nEuro Commercial Papers\nLoans\nSchuldschein\nStructured products\nOthers","The Scriberstar platform is document-type and language agnostic","Syndication\nPrivate placement\nAuction\nOther \n","Scribestar can support products utilizing various issuance methods","N/A","N/A","EU/EEA\nUS/Americas\nAsia-Pacific\nOther - South Africa","As a hybrid secure private cloud platform, Scribestar has proved it works in multiple jurisdictions ","N/A","N/A","N/A","N/A","N/A","N/A","Roadshow logistics Standardised bond documentation","N/A",2016,"www.scribestar.com","info@scribestar.com","2020-08-24"]
["Synd-X","Live - Regular execution of live processes/ transactions","Synd-X offers a transparent, user friendly and innovative portal for the execution of Corporate Schuldscheindarlehen. On the one hand issuers can structure, offer and issue Schuldscheindarlehen to a dedicated range of investors – supported by its highly sophisticated Schuldschein-Wizard. On the other hand investors have the opportunity to review and subscribe a variety of Schuldscheindarlehen. The whole platform operates with first class data security and documentation standards. At any time during a (planned) transaction, both sides can ask for the advisory services of a leading arranger in the Corporate Schuldschein market.","Underwriters\nIssuers\nInstitutional investors",null,"Schuldschein\nOthers","Namensschuldverschreibungen","Syndication\nPrivate Placement",null,"tbd","EUR, GBP, USD","EU/EEA\nOther","International Investor Base","Anonymous","N/A","Algorithmic\nManual","N/A","N/A","N/A","Predictive Pricing Analytics\nOthers: Schuldschein Wizard","N/A",2018,"www.synd-x.com","ingo.nolden(at)hsbc.de, claudia.hopstein(at)hsbc.de, michael.schramm(at)hsbc.de, jan.hendrik.van.bracht(at)hsbc.de, ","Aug-20\n(new addition)"]
["vc trade / vc trade GmbH","Live - Regular execution of live processes/ transactions","vc trade is the central and digital marketplace for corporate lending, bringing together all participants in the private debt market. vc trade is already established as the market leader for private placements of promissory notes and registered bonds. Recently, vc trade launched the first digital marketplace for secondary debt trading complemented shortly by the primary market for private debt issuances. Designed as a truly front to back digital venue, not only the sourcing, origination, distribution and trading is digitalized but the entire lifecycle is captured as well. Making vc trade the one-stop shop solution for all types of private debt.","Underwriters/arrangers\nIssuers\nInstitutional investors\nOthers - Legal advisers/lawyers, Rating agencies","vc trade brings not only all parties in the private debt universe together in one venue but also all functionalities within the respective parties - from frontoffice to backoffice, from origination and sales to paying agents, capturing internal roles to external advisors, ultimately catering all stakeholders in the market.","All privately placed debt instruments in loans format (primary syndication and secondary trading)\nEuro Commmercial Papers and Bonds (Q2 2021)","Currently, the issuance of Schuldscheine and Registered Bonds  (Namensschuldverschreibungen) are possible on the primary market. Additionally, via vc trade's secondary market, all types of loans can be traded.  However, vc trade aims at becoming the central marketplace for private debt by 2021 without any limitations as to specific instruments.","Syndication\nPrivate Placement\nAuction\nOther - Underwriting\nClub Deal","All means of private placement issuance are/will be possible on vc trade. The flexible design of the processes on vc trade does not place any restrictions on the issuance method, including legally binding deal execution and a fully functional orderbook directly on the platform.  ","no minimum size","EUR, USD, GBP, CHF","Global coverage","Issuances and investments are possible around the globe leveraging the state-of-the-art platform technology. Currently, vc trade's network of  >600 institutional investors is based mainly in EMEA and includes a significant footprint in Asia. However, the expansion of vc trade's product range will be paralleled by a regional expansion of its user base.","Anonymous bookbuilding, \nalternatively open orderbook (investors remain undisclosed, only orders visible)","The bookbuilding is always anonymous to investors. Only the arranging bank and issuer (primary market) or selling party (secondary market) have unrestricted insight in the orderbook and identity of investors.","Algorithmic\nManual","Per default, the allocation happens manually on vc trade. However, vc trade has a powerful allocation algorithm at disposal which supports the arranger/seller at achieving the optimal allocation result. When using an open orderbook, the vc trade allocation algorithm will create the final allocation. ","Flexible API infrastructure enables easy connectivity to customary payment systems. All necessary data are provided automatically. ","Through vc trade´s flexible API infrastructure, paying agents can use all communication protocols and standards based on settelment data provided directly out of the platform.","Settlement\nLifecycle Management\nKYC Management\nData analytics \nOnline document collaboration \nE-Signature","vc trade constantly expands its syndication and lifecycle functionalities to ultimately create a streamlined paperless process. This includes a document collaboration tool to efficiently negotiate, finalize and e-sign documents, a KYC area, to conduct and finalize KYC processes in an instant and a Settlement Cockpit for paying agents to manage a deal throughout its lifecycle.",2018,"www.vc-trade.de","Stefan Fromme\nstefan.fromme@vc-trade.de \nDr. Sebastian Glock \nsebastian.glock@vc-trade.de \nTobias Zöller \ntobias.zoeller@vc-trade.de","Sep-20\n(new addition)"]
[]
[null,"Legal Disclaimer: The information and content provided herein have been prepared and provided by third-parties. This information is provided by ICMA for information purposes only and should not be relied upon as legal, financial or other professional advice. While the information contained herein is taken from sources believed to be reliable, ICMA does not represent or warrant that it is accurate or complete and neither ICMA nor its employees shall have any liability arising from or relating to the use of this publication or its contents.\n\n© International Capital Market Association (ICMA), Zurich, 2020. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission from ICMA."]