Wilmington Trust Integrates S&P’s Custodian Messaging, Simplifying Client Trade Settlement

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Mar 25, 2024, 08:00 ET

New technology increases operational efficiency and improves clients’ experience

WILMINGTON, Del., March 25, 2024 /PRNewswire/ -- Wilmington Trust, a leader in CLO Trustee & Loan Administration services, today announced the adoption of Custodian Services Messaging in partnership with S&P ClearPar Custodian Services to automate trade settlement.

Custodian Messaging – used primarily for syndicated bank loan trades – transmits real-time electronic client trade information to Wilmington Trust for processing and settlement on behalf of its clients. Most importantly, it eliminates the need for manual intervention for trade related wire processing.

“By receiving trade data in a secure electronic format, in addition to Document Delivery, this new functionality will reduce turnaround time for processing trade fundings and settlements while enhancing our overall control environment,” said Wilmington Trust’s Richard Britt, institutional business line leader for Wilmington Trust’s Global Capital Markets CLO division. “The adoption of this service further supports our mission to leverage technology to reduce potential business risk.”

Wilmington Trust’s CLO Division provides a comprehensive suite of CLO Trustee, ABL Administration, and Loan Administration services for both liquid and private credit market participants. The team consists of professionals with buyside, loan agency, system architecture, and trustee experience working collaboratively to provide a customized approach to servicing the evolving needs of our clients. Contact us to learn more about the platform.

About Wilmington Trust
Wilmington Trust, N.A. provides Corporate and Institutional Services including institutional trust, agency, asset management, retirement plan, agency, asset management, and administrative services for clients who use capital markets financing structures. Wilmington Trust provides direct trust, custody, and fiduciary services for retirement plans, companies, foundations, organizations and financial institutions.

Wilmington Trust also provides Wealth Advisory services with a wide array of personal trust, financial planning, fiduciary, asset management, and family office solutions designed to help high-net-worth individuals and families grow, preserve, and transfer wealth.

Wilmington Trust maintains offices throughout the United States and internationally in London, Dublin, and Frankfurt. For more information, visit www.WilmingtonTrust.com.

MEDIA CONTACT: Patrick Fitzgibbons, Senior Public Relations Manager, [email protected]

Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, Wilmington Trust, N.A. (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), Wilmington Trust Asset Management, LLC (WTAM), and Wilmington Trust Investment Management, LLC (WTIM). Such services include trustee, custodial, agency, investment management, and other services. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank, Member FDIC.

M&T Bank Corporation's European subsidiaries (Wilmington Trust (UK) Limited, Wilmington Trust (London) Limited, Wilmington Trust SP Services (London) Limited, Wilmington Trust SP Services (Dublin) Limited, Wilmington Trust SP Services (Frankfurt) GmbH and Wilmington Trust SAS) provide international corporate and institutional services.

WTIA, WFMC, and WTIM are investment advisers registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply any level of skill or training. Additional Information about WTIA, WFMC, and WTIM is also available on the SEC's website at adviserinfo.sec.gov.
Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services.

M&T Bank Equal Housing Lender. Bank NMLS #381076. Member FDIC.

Investment and Insurance Products • Are NOT Deposits • Are NOT FDIC Insured • Are NOT Insured By Any Federal Government Agency • Have NO Bank Guarantee • May Go Down In Value

SOURCE Wilmington Trust