Fast Integration of Structured Securities Data to be Demonstrated
January 17, 2012
A Wall Street securitization firm says it can demonstrate high-speed integration of details on transactions involving asset-backed securities, as well as the data on the performance of the underlying loans.
Thetica Systems said it will be giving test drives of “the fastest system available” for integrating relevant data on asset-backed securities to brokers, trading desks, and market participants attending next week’s Asset Securitization Forum 2012 conference in Las Vegas.
The New York developer of technology for markets in structured financial products said its ABS Trader Tools will give users “full transparency” on investments in collateralized debt obligations, collateralized loan obligations, commercial mortgage-backed securities, residential mortgage-backed securities and other types of asset-backed securities.
The systems is based on a single data repository for information from multiple sources.
"Structured finance market participants need systems that provide transparency and drilling depth into securities, as well as tools to enable them to apply their own opinion to these securities," said CEO Ariel Yankilevich. "They no longer have to waste precious time and money waiting for data, or tie up computing resources for hours to get vital information."
The tool set includes, according to the company:
• ReREMIC support: Automatic selection of scenarios, ability to run child deal information at both deal and group level, ability to run CLOs (including setting Reinvestment Profile rules) and CMBS at asset level.
• CLO support: Ability to enter assumptions for each asset class and accurate handling of re-investment criteria.
• CMBS support: Easy search for assets by criteria and full integration between vector functions and bond analytics.
• Portfolio support: Yields for multiple scenarios and stress analysis and enhanced price-yield grids.
• Screener functionality: Access to the entire U.S. RMBS universe to screen by analytical values, aggregate metrics, and other characteristics.
