Northern Trust Corporation announced an expansion of its collateralized loan obligation (CLO) middle office services on its Omnium platform, adding compliance indenture monitoring and waterfall calculation capabilities. The firm said the new features introduce a rules-based framework to monitor CLO indenture tests, including concentration limits, credit rating thresholds, interest coverage, over-collateralization, and collateral quality requirements, and are intended to support the full lifecycle of CLOs alongside existing functions such as loan closing, treasury and real-time data shares.

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