Debt Exchange

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DebtX's headquarters at 133 Federal Street in downtown Boston

The Debt Exchange (also known as "DebtX") is one of the world's largest loan sale advisors for the sale of commercial, consumer and specialty finance debt. The company is engaged by commercial banks, insurance companies, investment banks, government agencies and other institutions.

The Debt Exchange is based in the Financial District in Boston, Massachusetts with additional U.S. offices in New York City, Atlanta, Virginia, San Francisco, and international offices in Germany, Spain, and the United Kingdom. DebtX was founded in 1999 and in 2000 began selling loans in an online auction format. In 2006, The Debt Exchange was awarded patent number 7,035,820 by the United States Patent and Trademark Office for its online loan sale and debt trading exchange system.

Since its founding, DebtX has expanded to offer other products and services including loan valuation and analytics as well as Web-based deal management platforms for use by syndication, agency and loan sale professionals. Throughout the Financial Crisis of 2007–2009, the U.S. Federal Deposit Insurance Corporation (FDIC) used DebtX as one of the primary companies to sell loans from failed banks.[1]


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References[edit]

  1. ^ "Overwhelmed by Bank Failures, FDIC Weighs Use of Private Firms to Process, Sell Loans"[1](accessed June 14, 2009)