ABS
Monitoring
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.
ABS Monitoring –
eClerx Solutions
-
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
ABS Monitoring –
eClerx Benefits
-
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
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