DALLAS–ALM First has launched the Loan Transaction Network, a new service the company said allows financial institutions to efficiently change the composition of their balance sheets.
“The user-friendly transaction network provides transparent pricing and allows buyers and sellers to coordinate and execute loan transactions that benefit both financial institutions,” ALM First said.
ALM First manages balance sheet risk across $250 billion in depository client balance sheets.
“Our focus as a firm is to always put our clients’ best interests first,” said Emily Hollis, CEO of ALM First. “The Loan Transaction Network is a perfect example of using ALM First’s extensive resources and top-level analytics to benefit our clients and assist with solving a common challenge.”
According to ALM First, the Loan Transaction Network features direct market access to enhance economic gains for institutions with liquidity and/or balance sheet needs. The new service also features competitive pricing, which is usually lower than broker/dealer commissions, and proprietary analytics, including pool analysis, valuation and projected ROE, the company added.
Interested financial institutions may opt in to receive ongoing updates regarding ALM First’s Loan Transaction Network via an email subscription service, which provides access to market insights whether or not depositories are active in the secondary market currently.