About our client: Central Trust forms one of the largest and most well respected independently-owned financial servicing organisations in the UK. In 2009, Central Trust appointed Target to provide standby servicing for the company's new funding line secured with the Royal Bank of Scotland.
The challenge: Having already invested in Target's financial software for loan administration and arrears management, Central Trust now needed a robust standby servicing provision for the new funding line. This was not only to facilitate new lending, but also to reassure its financial backer that its investment was adequately protected.
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