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- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
27th September 2011
MUFG electronic management of syndicated Loans
The Mitsubishi UFJ Financial Group is moving to an electronic system for managing syndicated loans. The electronic record keeping is valuable for regulatory purposes and also makes it easier to sell the loans on to third parties. The service is operated by the Japan Electronic Monetary Claim Organization, a subsidiary of the bank. Jemco is recognised for the purpose by the Financial Service Agency.
The Mitsubishi UFJ Financial Group bank arranged 547 syndicated loans, totaling about ¥5.6tr (€54bn £47bn $73bn Y470bn) last year. A ¥20bn syndicated loan to Teijin Ltd later this month will be the first loan to be recorded on the new system.
