ClearParSM is the market standard web-based loan trade processing platform dedicated to the efficient settlement of par and distressed loan trades in the secondary loan trading and primary syndication markets in both Europe and the U.S. ClearParSM simplifies trade settlement by providing an integrated, collaborative, real-time platform for buyers, sellers, counsel and agent banks to enter, confirm and settle primary and secondary market loan trades. ClearParSM provides real-time status on open trades as well as historical recordkeeping for closed transactions. The system is designed in all facets to improve liquidity and efficiency in the par and distressed loan markets and facilitate trading. ClearParSM integrates with client systems via web services in order to accommodate straight-through-processing of loan trades.