Moody´s Wall Street Analytics (MWSA) today
announced that its cashflow analytics platform, Structured Finance
Workstation, has been expanded to offer an extensive library of cashflow
waterfalls and loan-level data to meet the needs of structured finance
market participants. The Structured Finance Workstation can also be used
by Moody´s rating analysts to run cashflow
analytics to enhance the ratings process.
"The addition of the waterfall and loan-level
data library to the Structured Finance Workstation will allow fixed
income investors and other market participants to evaluate cashflows in
a securitization with greater precision," said
Jacob Grotta, Senior Director of Moody´s Wall
Street Analytics. "The loan-level detail of
the library gives users much greater insight into their US RMBS
positions."
The integrated deal library contains waterfall models and loan-level
information on current US subprime securitizations. In the coming
months, MWSA plans to expand the deal library to include prime, Alt-A
and asset-backed securities in the US and EMEA. MWSA already offers a
comprehensive waterfall and loan-level library for global collateralized
debt obligation (CDO) transactions.
The Structured Finance Workstation platform provides investors and other
users with unique capabilities, such as the ability to view and edit the
cashflow waterfalls of the deals being modeled. The transparency
afforded by this feature enables investors to be certain that waterfalls
and associated payment rules are coded properly according to each deal´s
prospectus, and to fully understand the payment rules associated with
each securitization.
The addition of loan-level data and editable waterfalls to the
Structured Finance Workstation is a direct response to requests for a
tool that brings greater transparency, flexibility and precision to
investment analysis in today´s RMBS market.
The Structured Finance Workstation provides investors, issuers, and
administrators integrated analytics including: user-defined prepayment
default and loss rates, price/yield tables, sensitivity analysis, a
first loss calculator, and break-even analysis.
Moody´s Wall Street Analytics, established in
1987, is a leading provider of sophisticated software products and
services to the structure finance markets. The company provides products
and support to clients around the world, including leading asset
management firms, investment banks, trustees, and institutional
investors. In addition to the Structured Finance Workstation, its
CDOnet, CDOcalc, Bond Administrator Workstation, and ABScalc products
are widely recognized for their unique abilities to support detailed
analysis of the most sophisticated structured debt products. Many of the
tools and services offered by Moody´s Wall
Street Analytics are utilized by Moody´s
Investors Service as part of the ratings process.
For more information, please visit www.wsainc.com.
