PAM® for Bank Loans automates the accounting and management of syndicated bank loans held by the institutional investor. It gives investors accurate information on their entire loan portfolio. It easily handles today's complex loan structures and its straight-through-processing capabilities enable you to track loans over their entire life cycle.
Features
Trade processing at the facility level and accruals at the contract level
Fees and expenses recorded
Multiple investors for the facility or the individual contracts
Multicurrency
Assets allocated to lines of business or business segments
Multiple accounting bases, includes GAAP, STAT, Tax, and Fourth accounting basis
Interfaces to external systems such as general ledger systems, analytic packages, asset/liability matching systems, rating agencies, and loan servicers
Schedule D preparation using NAIC EDF format
Benefits
Provides ad-hoc report writing capabilities
Provides software developers' kit for automated and custom data extraction
Provides audit through complete file maintenance logs
Ensures data integrity through maintenance of database transaction processing
Can set processing restrictions per user, as well as for individual loans
