Trade Settlement is a New York-based platform that facilitates trade settlement processes. Users can log into the application and agree to the terms and conditions provided by the company. The platform utilizes trading documents published by the Loan Syndications and Trading Association (LSTA), and users are required to be members of the LSTA or acquire a license to use these documents.
VTS, the Virtus Trade Settlement platform, ensures that the recent change in the LSTA Terms of Use does not affect the platform's functionality. The enforcement of LSTA's copyrights is solely between the LSTA and users of the LSTA Trading Documents. Trade Settlement provides a seamless experience for trade settlement, while adhering to the necessary legal requirements set by the LSTA.
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