ABOUT US

SHAREHOLDERS

Banco Bilbao Vizcaya Argentaria S.A.

Banco Stantander S.A.

BNP Paribas S.A.

Crédit Foncier de France

Creditreform Rating AG

DBRS Ratings Limited

Dutch Decuritisation Association

Instituto Crédito Oficial

Sapient Holdings Luxembourg Sàrl

Société Générale S.A.

True Sale International GmbH

Unione di Banche Italiane S.p.A.

Caixa Bank S.a.

Moody’S Group Cyprus Linited

CréditAgricole S.A.

Intesa Sanpaolo S.p.A

UniCredit S.p.A.

Governance

Operating as a market infrastructure and designated by the Eurosystem, European DataWarehouse aims to increase transparency and restore confidence in the ABS market. The company became fully operational in January 2013 and is funded and owned by a mix of 17 market participants including large corporations, professional organisations, and banks.

About us and mission

Converting Data into Market Trust

European DataWarehouse (ED) is the first and the only centralised securitisation repository in Europe for collecting, validating and distributing detailed, standardised and asset class specific loan-level data for Asset-Backed Securities (ABS) and private whole loan portfolios. ED stores loan-level data and corresponding documentation for investors and other market participants. Through ED’s data, users are able to analyse underlying portfolios and compare portfolios on a systematic basis.

ED was established in 2012 as part of the implementation of the ECB ABS loan-level initiative. Since its inception as an initiative by the leading participants of the European securitisation market, ED has collected LLD and relevant documentation for more than 1,200 transactions.

History

Economic Crisis

The economic and financial crisis of 2008 showed the need for more transparent and timely information on the underlying loans or asset pools of Asset Backed Securities (ABS) and their performance in a standardised format. This was necessary to help investors and rating agencies to perform proper due diligence.

2008

Standardised Loan-Level Data

The European Central Bank (ECB) together with LCM Partners introduced the concept of standardised loan-level data reporting across Europe that could be accessed through a centralised database or portal.

2009

ABS Loan-Level Data Initiative

In December the ECB announced the ABS loan-level data Initiative in the Eurosystem collateral framework and a number of Technical Working Groups (TWG) were formed to advise and assist the ECB to help it formulate and finalise specific ABS reporting templates. TWG members consisted of leading investors, originators, rating agencies, industry associations and five NCBs.

2010

Introduction of a Central Utility

ECB President Jean-Claude Trichet invited market participants to lend their support and create a central utility (portal or warehouse) external to the Eurosystem to process, verify, store and manage the data. Following a procurement process, whereby more than 50 organisations participated, European DataWarehouse was launched in December 2011. ECB published specific reporting templates for SME and RMBS.

2011

The Launch of European DataWarehouse

At the end of June, following a private placement of shares, European DataWarehouse GmbH (ED) was formed in Frankfurt, Germany. Shareholders include a diverse mix of leading institutions including banks, rating agencies, guarantors and associations from across Europe. In November ED was officially launched with events at the ECB in Frankfurt and European DataWarehouse’s office.

2012

A Successful Start

European DataWarehouse officially started operating on January 3rd in Frankfurt. During the first year, over 600 RMBS and SME transactions were created in EDwin and more than 350 clients, including data users, issuers, trustees, servicers and rating agencies, registered with ED. ED developed a free software called ED Data Conversion Toolkit to allow easy upload of XML loan-level data (LLD) files through Excel or CSV. At the end of 2013, ED also launched a premium software called EDplus for data users to download LLD into a local database for query-based analysis.

2013

Data Collection and Distribution

At this point, more than 800 ABS deals had been created in Edwin including RMBS, SME, Auto, Consumer Finance, Leasing and Credit Cards. ED data was also made available through major data vendors. To enhance data user experience, direct download of ABS data in Excel format was introduced. Other highlights of 2014 included achieving an investor client base of over 100 and launching a private area within EDwin for ABS transactions.

2014

Product Launches and Enhancements

The year 2015 was characterised by the development of new products and further software enhancements. To enrich the data user experience, stratification templates were extended to all asset classes along with a release of a deal document repository to better facilitate the investor analysis by allowing direct access to both the LLD and documents such as investor reports and deal commentary. This was followed by the introduction of EDcloud, an additional easy-to-use channel for Data Users to access the universe of LLD stored in Edwin. For Data Owners, ED developed a Data Quality Tracking System to more efficiently address remaining data quality issues. In this context, ED Quality Checker (EDQC) for RMBS and SME, a pre-screening data quality tool designed for DO/DPs, was also launched in February.

2015

Leadership Changes

In December 2016, the company announced Dr. Christian Thun as Chief Executive Officer of European DataWarehouse. Prior to joining ED, Dr. Thun worked at Moody’s Analytics for almost 14 years. In the early stage of his career, Mr. Thun was a team leader at the risk consulting firm Baetge & Partner (an OliverWyman affiliate) and also worked in structured finance for Dresdner Bank in Frankfurt and London.

Commenting on the appointment, ED’s Chairman José Manuel González-Páramo stated: “In the four years since its inception the European DataWarehouse (ED) has contributed to the transparency in the European ABS market. We are very grateful for the vital role that Markus Schaber in his capacity as CEO has played in this successful development. With the appointment of Christian as CEO I am confident that ED will continue its success but also broaden its scope of activities and I am looking forward to his involvement in shaping ED’s strategy.”

2016

User-Friendly Platforms

In 2017, European DataWarehouse launched two powerful new platforms, EDitor and EDvance.

EDitor was developed for customers who are required to report loan-level data to ED. EDitor is an integrated web application which facilitates the seamless analysis and upload of loan level data (LLD). It allows Data Owners and Data Providers to pre-screen and analyse the LLD file and upload it directly to Edwin.

EDvance was designed to allow users access to rich, seamless loan & bond level data, in an easy, convenient and interactive way.  To this day, it provides users a completely new way to access loan and bond level data and aimed to meet the requirements of investors, analysts and researchers.

2017

Regulatory Readiness

In 2018, European DataWarehouse continued to expand its suite of offerings and showcase its value with a series of product launches and regulatory developments. In January, European DataWarehouse announced its intention to become the first securitisation repository under the new STS framework. Throughout the year, the team worked tirelessly to prepare clients for the January 1st deadline for the new Securitisation Regulation, which included a Gap Analysis and the launch of a new regulatory solution within the EDitor platform.

In addition, ED launched a UK subsidiary in the fall of 2018. This important step symbolised ED’s commitment to the UK market, and proved its preparedness for the potential effects of both Brexit and the Securitisation Regulation.

2018

Today

Today, European DataWarehouse continues to serve customers in the ABS market with an extensive suite of products and solutions. Our business continues to grow and evolve to meet the ever-changing regulatory needs of the market.

Today

What our Customers say

“The European DataWarehouse will play an important role in the development of STS securitizations through its dedication to data quality and the principle of data transparency for the European ABS market.”

Santander Global Corporate Banking -

“EDW is a very useful tool for gathering data upon European securitizations. Its constant aim at delivering excellence and standardization is a serious asset for every professional in structured finance looking for relevant statistics”

Crédit Foncier -

“Sapient Global Markets views the European DataWarehouse as an important part of the market infrastructure. We look forward to continuing to support ED.”

Sapient Global Markets -

“As the initiator of the “DEUTSCHER VERBRIEFUNGSSTANDARD”, TSI was an early advocate of high transparency and quality in the securitisation market. It was therefore only natural that TSI would also support the ECB’s transparency initiative early on. Thanks to the European DataWarehouse, ABS bonds are today by far the most transparent asset class in Europe and set the standard other asset classes still need to meet.”

True Sales International -

“For the Dutch Securitisation Association (DSA), the European Datawarehouse has added their in-depth knowledge of data quality issues to our own efforts to increase transparency and standardisation of (Dutch) securitisation transactions. We look forward to benefit from the ongoing development of expertise in the EDW team”.

Dutch Securitisation Association -

Who we Are

Team
Gisela Herkner
Data Manager
Jiamin Lou
Senior Client Service Specialist
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Aleksandar Jovanovski
Senior Technical Analyst
Cesar Fernandez
Data Manager
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Kerstin Krause
Senior HR & Office Specialist
Matthew Aitken
Senior Data Analyst
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Paola Ornella Galeota
Data Analyst
Samuel Manchera
Technical Analyst
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Sascha Schimpfermann
Head of Central Services
Supriya Choure
Technical Analyst
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Adelina Asani
Data Analyst
Andrea Walbrecht
Vice President, Key Account Manager
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Basak Aktay
Head of Sales & Customer Relations
Bruno Pereira
IT Project Manager
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Christian Thun
Chief Executive Officer
David Benkemoun
Data Analyst
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Davide Piazza
Data Analyst
Diane Wathen
Marketing & Communications Manager
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Eirini Kanoni
Vice President, Senior Business Development Manager
Gianluca Ginelli
Data Analyst
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Gopala Krishnan Sankaran
Director of IT & Operations
Ira-Maria Paralloj
Data Analyst
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Joel Penn
Senior Sales Specialist
Ludovic Thebault
Vice President, Senior Research Manager
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Marco Angheben
Head of Business Development & Regulatory Affairs
Martin Kuhn
Head of Data Management & Customer Service
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Petr Surala
Business Development Manager
Usman Jamil
Research Specialist
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Company statistics

>1 bn

loan records

1,225+

deals stored

119 mm

loans or loan parts

>24,000

LLD submissions