As financial institutions look for new ways to manage liquidity and portfolio issues, new technology has become available that allows for on-line trading of loans or asset portfolios among qualified institutions. Two such "loan marketplace" providers are AssetExchange.com (www.assetexchange.com), located in Portland, Oregon, and ereorg (www.ereorg.com), based in New York City.
AssetExchange.com acts as a broker to facilitate trading of loan portfolios and other financial assets among a group of qualified buyers and sellers. Assets listed on AssetExchange.com include credit card portfolios, commercial and residential mortgage loans, auto loans, and commercial loans. Sellers post information regarding the assets they wish to sell. Buyers can then search for assets that may meet their acquisi-tion strategies. Buyers can also post listings of assets they wish to purchase. AssetExchange.com does not charge members for registration, listing, or browsing through available assets and
