The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

S&P Boosts ABSXchange Analytical Capabilities

Share article

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, ‘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.

“In 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 capabilities” says Derek Caussin, associate director, S&P Valuation & Risk Strategies.

“The 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,” 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.

Related content

WEBINAR

Recorded Webinar: The Benefits of Advancing Client Data Management Capabilities

Managing client information is not a new challenge for financial institutions, and it is a challenge that continues to evolve. Bringing together different silos of client information into a single, holistic and hierarchical view to understand client risk and meet KYC and AML obligations is a common issue for financial institutions. Traditionally, client information is stored...

BLOG

Mphasis Partners with iMeta on AI-Driven KYC Model

Cloud and cognitive specialist Mphasis has launched a brand new strategic partnership with the UK’s iMeta Technologies, a provider of onboarding, client lifecycle and master data management software and services, to deliver a next generation onboarding model for the UK and Europe that aims to disrupt the traditional KYC market through the use of AI....

EVENT

Data Management Summit London

Now in its 10th year, the Data Management Summit (DMS) in London explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...