European Datawarehouse Partners with LoanByLoan to Help ABS Issuers Seeking Efficient STS Disclosure and Cashflow Modeling
Frankfurt, Germany and Amsterdam, Netherlands— 26 NOVEMBER 2019
European DataWarehouse and LoanByLoan, powered by Intertrust and Hypoport, are pleased to announce a joint effort to help issuers of asset-backed securities and CLO’s to comply with Article 22(3) of the Securitisation Regulation (EU) 2017/2402. This regulation requires originators and sponsors to meet disclosure requirements for public securitisations to be eligible for the Simple, Transparent and Standardised (STS) designation through notification to securitisation repositories. The originators will now be able to manage their Cash-Flow Modeling STS disclosure requirements through a joint effort of European DataWarehouse and LoanByLoan.
European DataWarehouse is the centralised data repository in Europe for collecting, validating, and distributing detailed, standardised, and asset class-specific loan-level data for ABS transactions and private whole loan portfolios. When providing data to the European DataWarehouse, sponsors and originators are able to provide access to relevant cash flow models from a number of providers, in order to meet defined transparency criteria within the STS disclosure requirements.
Dr. Christian Thun, CEO of European DataWarehouse noted “European DataWarehouse is pleased to partner with LoanByLoan to provide market participants with access to cash flow models. This cooperation is one in a series of efforts to provide issuers and investors with an integrated experience in order to access the tools and information they need under one roof. The resources available from LoanByLoan will accelerate ED’s ability to continue to evolve with both user needs and regulatory developments.”
Jacco Samuels, Managing Director of Hypoport, added “Our partnership with European DataWarehouse is part of our commitment to the European structured finance market. Our philosophy is based on a no-coding-, simple- and user-friendly approach to liability modeling from both the investor, as well as the originator side.”
Each deal is modeled by LoanByLoan as per the prospectus and includes detailed insight into the deal-specific features, deal triggers, swaps, pro-rata- or sequential redemption, re-investment assumptions, and more. This is presented in an easy-to-digest online portal where investors can analyse various pre-set scenarios and run custom scenarios through the dashboard all the way down to the granular forecasted waterfall data.
The LoanByLoan portal contains a data compliance platform for (structured) finance transactions: available to investors, regulators, (central) banks, rating agencies and other stakeholders. The data platform contains a wide variety of structures ranging from RMBS, covered bonds, car lease transactions to whole loan mortgage funds. With over 700 active institutional investors and more than 100 transactions LoanByLoan is one of the largest European structured finance portals. LoanByLoan Data Analytics allows users to assess multiple performance and risk indicators over time and across multiple aggregation levels which helps our clients with their demand for better analysis and transparency. For more information about LoanByLoan, visit www.loanbyloan.eu.
About European DataWarehouse GmbH
European DataWarehouse (ED) is the first and the only centralized data repository in Europe for collecting, validating and distributing detailed, standardized 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.
Operating as a market infrastructure and designated by the Eurosystem, ED aims to increase transparency and restore confidence in the ABS market. 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.
For the latest updates from European DataWarehouse, please visit www.eurodw.eu.
European DataWarehouse GmbH
Marketing & Communications Manager
Tel. 49 (0) 69 50986 9326