GLAS Expands its Secondary Loan Closing Offering

At GLAS we are always trying to find ways to provide value add to our Client base. With that in mind, we have expanded our Loan Closing services which are fast becoming a natural choice for our Clients.

Our Loan Closing Desk offers comprehensive closing services to efficiently and effectively close loan trades, drawing upon a wide range of market leading technologies and specialised closing expertise. When partnering with GLAS, you can expect significant cost reductions, as our focus is on proactively closing trades.  Allowing our clients to focus on revenue generating activity, and regular reporting and proactive interaction with both back office and front office teams of investment managers.

GLAS Loan Closing can offer tailored short- and long-term solutions for your trading portfolios, with adaptability to become an extension of your business that meets your requirements.  For example if you need closing services to allow funds to be closed or just need extra capacity due to volumes.

Each member of our team is an experienced Loan Closer and all-round loan professional. We understand the economics, risk and legal parameters of the trade and settlement process with significant loan closing knowledge built out on par, near-par and distressed trades.

Long-time Loan Closing client, a well-known Global Asset Manager, has said, “GLAS have been closing loans for us since the end of July 2018. Thank you to Dan and his team for providing us with the highest level and impeccable quality of service we are receiving, with regards to the loan closing service that GLAS perform for us.  In the time that GLAS has been performing this service for us, our settlement times have reduced by almost 50% and financially we are no longer losing out on delayed compensation economics as before.  Our relationships with our counterparties have improved, as a result of us being able to perform our loan closing responsibilities more efficiently.”

For more information on our loan closing services, please contact a member of the GLAS UK Sales Team at london.sales@glas.agency.