Intellect Syndication Hub is the enterprise wide platform that can be interfaced with any loan or trade systems and carries out the complete process of syndication. While, the legacy loan or trade system would take care of entire lifecycle of funded or non-funded facilities, Syndication Hub manages only the syndicated process flow of the entire life cycle.
Syndication Hub can also be integrated with Trade system for syndication of non-funded facilities like Letter of Credit or Bank Guarantee.
BANKS LOOKING TO MANAGE AND REDUCE COMPLEXITY IN LOAN SYNDICATION PROCESS
Today, the growth of Syndication loans is phenomenal across the globe, as single bank is not willing to take full exposure for the big ticket loans for corporate. But the biggest challenge the lead bank or agent bank facing is managing the syndication loan in the existing loan system structure.
Most of the legacy lending system doesn’t support the nuances of Syndicated lending and as a result banks are forced maintain participant bank related details manually.
AN INDEPENDENT PLATFORM THAT SUPPORTS LOAN SYNDICATION WHILE COEXISTING WITH CORE AND LENDING SYSTEMS
Intellect Syndication Hub takes the inputs from the core lending system and does the process for syndication portion. The consortium created for the loan would be base for all the transactions with respect to syndication. It runs through the entire lifecycle of syndication management taking the inputs from the core lending system.
Intellect Syndication Hub provides solution for onboarding the participant bank by capturing all the details and creating Participant ID. One or more participants can be joined together along with lead bank, to form a consortium of lenders. System would capture the basic details of consortium like funding currency, mode of transfer, rate of interest offered to each participant, etc
- Based on the amortization schedule generated in the core lending system, syndication hub would generate the schedules for lead bank and all other participant bank based on the consortium contribution.
- Funds transfer (inward or outward) would happen through Participant’s CASA or GL account or through Escrow account management
- When the financial entries are passed in the core lending system for the customer, Syndication hub would split or reverse the entries for entry based on Participant’s amortization schedule.
- Any changes in the customer’s amortization schedule due to any loan reschedulement, deferral or disbursal reschedule would have effect on the lead & participant bank’s amortization schedule.
- Syndication Hub handles any changes in the consortium during the process – changes in contribution, additional participation, participation withdrawal, etc.
- Syndication Hub can also be integrated with Trade system for syndication of non funded facilities like Letter of Credit or Bank Guarantee.
PROVEN EXPERTISE SPEAKS FOR ITSELF
"One of the leading commercial bank in Vietnam and Cambodia with more than 1.5m customers, has chosen Intellect Syndication Solution"
"Intellect offers functional rich capabilities that would enable our bank to handle the Traditional banking products in a more integrated & efficient manner"
- CEO of a top bank in Vietnam
"This solution ensures a seamless data flow between Syndication Hub and Legacy lending systems."
PARTNERING FROM THE BEGINNING TO THE END – AND BEYOND
At iGCB we believe in complete partnership, not just in being another ‘vendor’. We will engage with you during the creation of the product for your line of business with the system to ensure quick ‘go to market’ strategy and provide effective and efficient workarounds for your unique functionalities / processes.
Our expert teams will also help in defining your ‘go-to’ process through pre-configured designed products. In addition to this, we provide you with near real-time scenarios to run the Business scenario simulation.
Our experts also elucidate how to bundle the multiple business products with existing re-usable components.
Syndication hub can be implemented in 20 weeks
FULLY SCALABLE, ROBUST, SOA-COMPLIANT PLATFORM
The Intellect full-spectrum banking suite is built on Java, J2EE standards and is built from ground-up to be highly scalable, reliant with high-performance throughput with the ability to process up to 100 million transactions per day.
Having been built on open standards, the products within the Intellect suite are application-server and operating-system agnostic and are capable of being deployed in both on-premise as well as hosted-modes, giving customers high-degree of flexibility while driving down TCO.
The Intellect suite is SOA-compliant and incorporates robust service-enablement and powerful integration layers, with ready-made interface cartridges supporting several well-known backend product processors.
Digital is the way forward for banks and financial services organizations. In fact, Digital encompasses everything of all types of banking. To enable them leverage digital, Intellect's design philosophy, a key differentiator in developing solutions for the transformative agendas of CXOs, ensures a dramatic shift from disjointed digital activities to strategically aligned digital outcomes. The full spectrum advanced intellect suite of products is built on iDigital, which delivers a uniquely comprehensive digital platform to financial institutions.