What is ClearPar used for?
ClearPar provides a complete electronic trade processing ecosystem used to settle syndicated loan trades. Used by buyers, sellers, agent banks, custodians and legal professionals, our platform automates affirmation, confirmation and matching to facilitate straight through processing (STP) for loan trades.
How much does ClearPar cost?
ClearPar, owned by London-based Markit Group Ltd., will lower its settlement fee to $19 per trade starting today, according to its website. The transactions had been free to investors since the company's founding more than 10 years ago until Oct. 3, when it began charging $30 to clear a trade.