Financial Documentation Services
Financial services companies confront a legion of regulatory, compliance, and documentation challenges that often cut across an organization’s legal, business, and technology departments. UnitedLex restores crucial revenue to our clients’ bottom lines, mitigates risk, frees their personnel to focus on higher-priority organizational issues, and provides budgetary predictability.
Customized Solutions to Drive Business Impact
We settle more than 25,000 loans with an aggregate value exceeding $115 billion annually. Additionally, LexDocs—our distressed debt and private equity trade documentation service—regularly delivers more than 30% per-trade legal cost savings for clients, resulting in millions of dollars in additional revenue and cost predictability through its fixed per-trade pricing.
As market leaders, our legislation and governance expertise spans the Dodd-Frank Wall Street Reform and Consumer Protection Act,
the Securities Act of 1933, the Exchange Act of 1934, Basel III, and the Federal Reserve Bank’s rules and regulations.
We focus on our clients’ current and prospective needs and provide customized solutions for loan trade settlement services, distressed debt and private equity trade documentation, and derivatives support to yield measurable results.
We settle 25,000+ loans with an aggregate annual value of $115+ billion
Financial Documentation Services
Loan Trade Settlement
Our loan trade settlement services group, LexLoan, provides flexible solutions for sell-side and buy-side clients in the leveraged loan market. We offer unparalleled flexibility and contract capacity to respond nimbly to changing market conditions, serving a client base that ranges from start-up hedge funds to high-volume traders.
The scope of our capability is also broad. We settle first- and second-lien bank loans, total return swaps, trade claims, and private equity trades. Our execution involves the agreement preparation, distressed and private equity document generation and negotiation, regulatory compliance review, and database management of more than 305,000 documents annually. Our capability also includes experience with Loan Syndications and Trading Association (LSTA) and Loan Market Association (LMA) documents, as well as par and distressed, primary/new issue, and secondary trading. All LexLoan settlement services are monitored under a client internal audit function and subject to semi-annual review.
We work with clients to ensure efficient and accurate trade closing. Our expertise includes:
- Primary, secondary, par, and distressed trade settlement
- LSTA and LMA guidelines for U.S. and European deals
- Trade claims, total return swap transactions, and private equity and restructuring transactions
- Front-to-back document coordination, comprising trade confirms, assignments, funding memos, and pooling and servicing agreements
- Liaising with agent banks, counsel, and counterparties
- Relevant electronic platforms, such as ClearPar and TSI
- Block allocation, new customer requests, and Confirm processing
Distressed Debt and Private Equity Trade Documentation
Conventional trade documentation methods tend to be inefficient and cumbersome. Outside counsel who charge by the hour are exceedingly expensive and lack incentive to streamline their practice. In-house counsel often lack staff, processes, and technology to manage and deliver this commoditized, time-consuming, and resource-intensive work.
Our trade settlement team redesigns processes and integrates best-in-class technology to provide faster, more efficient document drafting and review. We provide a valuable alternative to external or in-house counsel, enabling those resources to handle the higher-level work for which they are uniquely qualified. We also offer clients a per-trade price that results in substantial cost reduction and budget predictability.
Our services include:
- Drafting and reviewing pooling and servicing agreements, securities purchase agreements, netting and proceeds letters, participations, and other documents
- Upstream review and settlement coordination
- Inventory and allocation management
The rapidly changing regulatory landscape means trading desks and legal, compliance, and documentation departments struggle to stay on top. Our flexible derivatives support services allow our clients to optimize existing processes and cost efficiency.
Our team of expert project managers and legal, administrative, and process professionals relieves the burden of managing and executing complex projects, allowing our clients to focus on more-pressing matters.
We offer comprehensive support for International Swaps and Derivatives Association and other derivatives agreements, including:
- Legacy documentation amendment and review
- Data extraction, migration, and cleansing
- Agreement management and negotiation
If you would like to explore how we can help you with your business challenges, please fill out our contact form.Contact Us