About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

S&P Boosts ABSXchange Analytical Capabilities

Subscribe to our newsletter

A series of enhancements have been made to ABSXchange – S&P’s structured finance analytics platform – as part of an extensive programme to help investors deepen their analysis of structured finance transactions.

The latest round of upgrades include automatically calculated data fields where values are not otherwise supplied by deal servicers; a new screening capability that allows specific assumptions to be applied across chosen elements of a portfolio; and an upgraded user interface that enables investors to re-organise their portfolios more easily.

As part of ABSXchange’s new initiative to go beyond merely reporting available data on the website, ā€˜intelligent’ data points have been introduced. Calculated using a standardised logic across fields, ABSXchange now improves deal performance completeness (for defaults, losses, repossessions, etc) when not provided within servicing documentation for a particular deal. By calculating and completing these data fields, the platform now provides benchmarks intended to allow market participants to make true apples-to-apples comparisons.

Following the latest upgrades, platform users can now input their assumptions in batches across asset classes, countries and collateral type (prime, sub-prime, etc). Using the Portfolio Analytics module, this enhancement saves users from inputting each assumption per deal and streamlines the user workflow experience for large portfolios by easily and quickly filtering the most relevant characteristics.

Users can now organise their portfolios more easily with new re-naming, deleting and copying capabilities introduced to the portfolio user interface. In addition, a fail-safe system has been introduced that keeps a given portfolio within the database for seven days before deletion, allowing the user to restore it should they wish.

ā€œIn addition to these new functionality enhancements, we have been working with arrangers to add further deals to the pre-issuance modelling function, as well as additional counterparty data to the recently implemented counterparty default analysis capabilitiesā€ says Derek Caussin, associate director, S&P Valuation & Risk Strategies.

ā€œThe on-going program of upgrades demonstrates Standard & Poor’s commitment to supporting the evolving needs of structured finance market participants and ensuring ABSXchange remains the ultimate structured finance analytics platform in Europe,ā€ adds Caussin.

Working with a number of deal arrangers, ABSXchange has modelled several pre-issuance deals already this year, giving investors the chance to perform their own cash flow analysis before they launch.

Counterparty default data has also been added to the platform. Users can now run counterparty risk analysis – assuming single or multiple counterparties to be in default – for a given deal or an entire portfolio. Waterfall reports then enable users to estimate the impact of counterparty default on bond cash flows.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

Fenergo Enhances Financial Crime Compliance Capabilities with Agentic AI Integration

Fenergo has introduced an updated financial crime solution – the FinCrime Operating System (FinCrime OS) – featuring a new agentic AI layer aimed at significantly improving operational efficiency within financial institutions. This development comes against a background of spiralling operational costs and rising compliance demands enhanced by geopolitical tension and regulatory flux. Marc Murphy, CEO,...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2019/2020 – Seventh Edition

Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This...