Transaction Risk Management – Functions
Many CDS on ABS/CDO credit event payments go uncollected either because the parties are unaware of it or they miss the deadline to issue notice requesting payment. The available sources of information may also suffer from accuracy issues.

• Identify and calculate the resultant cash flows from shortfalls/reimbursements for ABS/CMBS/CXO deals
• T→ T+1: Extract table level data
• T → T+2: Reference obligation data compilation for calculating expected and actual cash flows and isolating factor changes
• T+2: Computation and cash flow file creation
• T+3: Settlement notices. Generate notices for each trade impacted by shortfall using client templates
• Publish CUSIP and swap data on the eClerx dashboard

• Management settlement process
• Bespoke reporting
• Reduced reliance on non standard tickets
• Metrics designed to serve all needs of management
• Process flexibility – service can be mixed and matched