SyndBlock^®

SyndBlock^® will control the automated processing of new issue loans. Designed to simplify the current manual efforts in dealing with syndicated new issue loans, the SyndBlock^® will monitor and keep accurate track of all the solicitations made to the counterparties and record an immutable record on the HashLynx blockchain for each allocation accepted. It will then store the actual commitment letter via the HashLynx blockchain. The Agent bank makes available the total inventory of a new issue. Then counterparties can register their interested amounts. Agents get final say on “matched” amounts as there could be oversubscriptions and/or the new issues could be run on an auction basis, as may be elected by Agent and Borrower. When the entire new issue is allocated, the system will push the entire syndication to settlement and automatically create and process to closing documents update the clients inventory respectively.