SUMMARY OF SERVICES AVAILABLE

Par and Distressed Cash Loan and TRS Trade Settlements

·         Preparation and/or review of trade documents, including but not limited to – trade confirmations, assignment agreements, purchase and sale agreements, netting letters, purchase price letters, funding memos, participation agreements, consent and elevation agreements, termination agreements and other forms of transfer certificates as applicable

·         Review and confirm TRS terms of trade with portfolio managers and TRS providers

·         Coordinate and facilitate the timely settlement of Cash Loan and TRS trades between all related parties, i.e., portfolio managers, trade counterparties, third party service providers, trustee, custodians, finance providers, internal and external counsel

·         Setup and assist with online document management systems, i.e. Clear Par and TSI

Back Office Operations

·         Build and maintain Issuer and Facility profiles onto client’s database systems

·         Process and distribute information required to track positions upon settlement date onto client’s database, i.e., transmit “closing sets” to custodians and administrators, process current outstanding funded and non-funded interest contracts, and all other applicable cash flows.

·         Assist client with gaining access to Intralinks/Syndtrak upon becoming a Lender to the Credit Agreement

·         Daily processing and reconciliation of all Cash Loan activity:

o        principal pay-downs and reductions on Term Loans, Revolvers and Delayed Draw Term Loans

o        interest resets and payments

o        all other fees due and payable to a Lender of Record

·         Daily reconciliation and confirmation of receipt of cash flows

·         Review, reconcile, research and resolve all cash, balance and activity breaks/discrepancies with agents, custodian/trustees, and TRS providers

·         Facilitate the timely execution and distribution of signatures for voting on credit agreement modifications (amendments, waivers, consents, prepayments, etc)

Middle Office Operations

·         Generate and maintain reports necessary for tracking Cash Loan, CLO/CDO and TRS positions, cash/collateral and portfolio and compliance requirements

·         Review and reconciliation to Note Holder Payment Reports for CLO/CDO funds

·         Review and Reconciliation of TRS payment reports for Hedge Funds