EDITOR CASH FLOW MODEL SOLUTIONS 25 APRIL 2019 REQUIREMENTS - - PowerPoint PPT Presentation

EDITOR CASH FLOW MODEL SOLUTIONS

25 APRIL 2019

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“3. The originator or the sponsor shall, before the pricing of the securitisation, make available to potential investors a liability cash flow model which precisely represents the contractual relationship between the underlying exposures and the payments flowing between the originator, sponsor, investors, other third parties and the SSPE, and shall, after pricing, make that model available to investors on an

• ngoing basis and to potential investors upon request.”

REQUIREMENTS RELATING TO TRANSPARENCY

Article 22 of the Securitisation Regulation outlines requirements relating to transparency

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MOODY’S ANALYTICS AND EUROPEAN DATAWAREHOUSE COLLABORATE TO HELP ABS ORIGINATORS AND SPONSORS MANAGE STS DISCLOSURE REQUIREMENTS

15 April 2019

“Our collaboration with European DataWarehouse is a part

• f our ongoing commitment to support structured finance

issuers, sponsors, and originators in their funding execution and ongoing administration requirements. One

• f our top priorities is to help them address the obligations

introduced by STS,” said Marc Levine, Managing Director at Moody’s Analytics.“ https://www.moodysanalytics.com/about-us/press- releases/2019-04-15-moodys-analytics-and-european- datawarehouse-collaborate

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European DataWarehouse (ED) provides loan and bond level data as well as documentation repository services for the fixed income market ED currently hosts data for over 1300 Asset-Backed Security (ABS) transactions and private portfolios belonging to numerous originators across Europe

WHO WE ARE

COMPANY

More than 500 data owners, data providers and data users are registered with ED Originators, issuers, sponsors and servicers upload ABS data to ED, while data users including investors, data vendors, rating agencies and public institutions use ED data for monitoring and risk assessment purposes

CLIENTS

Centralisation:

Unique and central data repository for European ABS and loan portfolios

Standardisation:

Standardised definitions and reporting formats for quick and efficient comparison

Transparency & Accessibility:

Fast access to disaggregated data: relevant information allows a high degree of ABS portfolio transparency

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SUPERVISORY BOARD: Consists of currently 18

representatives and is responsible for the strategy and monitoring ED’s operations as a market initiative.

PRICING COMMITTEE: Consists of currently 8 members from

the ABS industry and is responsible for setting the fee structure for ED clients. The fees are set in line with ED’s utility approach

17 SHAREHOLDERS

CORPORATE GOVERNANCE

ED was created in 2012 as part of the implementation of the European Central Bank ABS Loan Level Initiative. ED became fully operational in January and is funded and owned by a mix of market participants. ED operates as a utility to respond to the need for improved transparency to investors and other market participants in ABS. SHAREHOLDER MEETING 17 SHAREHOLDERS SUPERVISORY BOARD 18 MEMBERS PRICING COMMITTEE 18 MEMBERS ED MANAGEMENT CEO – CHRISTIAN THUN CHAIRMAN PROFESSOR JOSÉ MANUEL GONZÁLEZ-PÁRAMO

EDitor API SFTP DATA TOOL KIT EDitor EDvance API SFTP ED Cloud

CHANNELS CHANNELS

UPLOAD DOWNLOAD

ED DATABASE

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WHAT WE DO

Confidential

at-a-glance

We cover 45,000+ deals

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EDITOR

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Key Features:

• Allows Data Providers to pre-

screen and analyse LLD and upload it in compliance with the ESMA No Data system

• In-depth data quality checks

using over 2,500 rules

• Centralised rule

repository with automatic updates

• Comparability with previous

submissions for stratifications

• Integrated Data Quality

Tracking System (DQTS)

EDITOR

An integrated web application for the analysis and upload of loan level data (LLD) and documentation

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• ECB repository for issuers to

fulfil their Eurosystem eligibility requirements for ABS and ACC

• Dedicated website fulfilling

the ESMA reporting criteria during the interim period under the CRA III reporting regime

• Plan to be a ESMA

securitisation repository once the application process begins

• Intend to become a

securitisation reporitory in the UK under the Financial Conduct Authority

• In discussions with the BOE

to provide eligibility services

REPORTING REGIMES

Fulfil regulatory and eligibility reporting requirements under different regimes

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CASH FLOW MODELS – GLOBAL PORTAL

RICK VEERMAN, MOODY‘S ANALYTICS

Confidential

at-a-glance

• 1. Initial deal docs (Reds and/or term sheet) sent to Moody’s Analytics (MA)

for modelling

• 2. MA models deal
• 3. Model validated by Issuer/Sponsor/Arranger
• 4. Model released
• 5. User accesses the model via direct link in EDW Editor
• 6. Model is accessible via MA’s Global Portal or Structured Finance Portal

EDW/Moody’s Analytics Modelling Workflow

Confidential

at-a-glance

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Q&A

EUROPEAN DATAWAREHOUSE GMBH Walther-von-Cronberg-Platz 2 60594 Frankfurt am Main www.eurodw.eu enquiries@eurodw.eu +49 (0) 69 50986 9017

THANK YOU // CONTACT US

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