(Reported by Sing Tao Daily) The transaction in the secondary market for corporate loans has always lacked transparency. PrivEx, which is determined to improve the transparency of the market, will be launched in July. This will be the first secondary market syndicated loan electronic trading platform in Asia. Cheng Dezhao, managing director of North Asia, said that the platform will greatly reduce the time required for loan transactions in the second-hand market from more than ten hours to a maximum of 15 minutes, and set a goal to have more than half of the second-hand loan market in Asia within three years. The trading volume is carried out through the platform.
Cheng Dezhao said that PrivEx, licensed by the Singapore Monetary Authority, is ready to launch services and is now inviting banks and other financial institutions to join as members for future transactions on the platform. He has contacted 60 banks and more than 20 fund and asset management companies in Hong Kong for this purpose. At present, more than 10 financial institutions have signed up as members, including several major international banks, and Hong Kong also has major financial institutions. Line participation.
Cheng Dezhao pointed out that the second-hand loan market transactions are carried out online through the platform, and the price and other information are clear at a glance. Under the condition that both the buyer and the seller obtain internal approval, the entire transaction process takes no more than 15 minutes, and the time required for traditional manual transactions It is as long as 13 to 19 hours. He expects PrivEx to launch a trial service in July, and with the launch of the platform, more financial institution participants and different types of loan transactions will be gradually added. The number of target financial institutions involved in the initial stage of the platform’s launch is more than 20, and it has already Discuss with another 40-50 banks in Asia about joining the platform. PrivEx aims to obtain more than 50% of the Asian second-hand loan market transaction volume within three years.
According to market data, the Asian second-hand loan market had a transaction volume of approximately US$10 billion in the year before the epidemic, while the global transaction volume was as high as US$3.25 trillion.
Tao Huaifang, a PrivEx consultant, said that the second-hand loan market has always lacked transparency. PrivEx will make relevant transactions and prices transparent, which will help increase the liquidity of the market. It is believed that after the launch of the platform, the transaction volume in the second-hand loan market will increase.
(星島日報報道)企業貸款二手市場交易向來缺乏透明度，銳意提升該市場透明度的PrivEx擬於7月面世，這將是亞洲區首個二手市場銀團貸款電子交易平台。其北亞洲董事總經理程德昭表示，平台將有助二手市場的貸款交易所需時間由原來十多個小時大為縮減至最多15分鐘，並定下目標冀三年內有逾半亞洲二手貸款市場交易量經該平台進行。
程德昭稱，獲新加坡金管局發牌的PrivEx已準備就緒推出服務，現正不停邀請銀行等金融機構加入為會員，以便日後在平台上進行交易。他已先後為此接觸了本港60家銀行及逾20家基金和資產管理公司，連同其他地區在內，目前已超過10家金融機構簽署加入為會員，當中有數家為國際大行，香港也有大行參與。
程德昭指，經該平台全網上進行二手貸款市場交易，價格等資料均一目了然，在買賣雙方均取得內部批准的情況下，整個交易流程所需時間不超過15分鐘，傳統人手進行交易所需時間則長達13至19小時。他預計7月PrivEx將會試推服務，而隨着平台面世後，將會逐步加入更多金融機構參與者及不同種類的貸款交易，平台推出初期的目標金融機構參與數目為20多家，並且已跟亞洲區內另外40至50間銀行商討加入平台一事。PrivEx目標在三年內可取得亞洲二手貸款市場交易量逾50%的份額。
據市場資料顯示，亞洲二手貸款市場於疫情前的一年交易量約100億美元，而全球有關交易量則高達3.25萬億美元。
PrivEx顧問陶懷方說，二手貸款市場向來缺乏透明度，PrivEx將令有關交易及價格變得透明，有助提升該市場的流通性，相信平台推出後，可帶動二手貸款市場的交易量上升。