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Creditex buys minority stake in loan settlement firm
CreditFlux - May 14, 2007

Creditex announced its acquisition of a minority stake in loan settlement services company Trade Settlement (TSI). The agreement also involves a partnership between TSI and T-Zero®, the credit derivative processing platform which is an independent subsidiary of Creditex. TSI is preparing to expand its post-trade platform for primary and secondary syndicated loans to the European market, according to the announcement.

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