Bond Administration Workstation for Issuers

BAW Issuer is an integrated system for bond administration and investor reporting, the BAW is used by some of the largest MBS, ABS and CMBS issuers. Delivered in conjunction with the SFW, the BAW provides an unrivaled analytic and administrative package.

Most bond administrators spend countless hours utilizing a variety of spreadsheets, databases, or other utilities to produce calculations and reports for their deals each month. The BAW allows you to replace this inefficient process with a single, integrated platform that will automate your data scrubbing, deal updating, bond calculation and investor reporting functions. It can process any number of deals simultaneously - greatly cutting down on the time and manpower required for this regular task.

BAW Issuer combines the Structured Finance Workstation's modeling and analytic capabilities with data scrubbing and historic deal information, making it an ideal tool for issuers and other market participants who need to calculate, verify and store payments on a transaction. With complete collateral and bond payment history, the BAW provides users with an advanced management tool for monitoring the performance of their portfolios.

Deal Modeling

  • Full structuring and analytic capabilities of the Structured Finance Workstation
  • Structures every type of ABS, MBS and CMBS transaction
  • Flexible and easy to use script module for customized cashflow waterfall modeling
  • Run forward cashflow projections of deals prior to and after closing
  • Run complex default/prepay scenarios to generate decrement tables and price yield tables
  • Tie out numbers to structuring models and prospectus information
  • Ongoing deal cashflow analytics and valuation, including IO's, fees, and tranches

Bond Administration and Validation

  • Batch process any number of deals at one time
  • Import asset level or pool level information
  • Customizable loan level feeds
  • Data scrubbing and validation mechanisms
  • Calculate complex bond and fee payments
  • Store monthly payment information at asset,
  • Issue level compliance testing
  • Full investor and issuer reporting

Historical Deal Information

  • Loan level history
  • Monthly aggregate pool level history
  • Tranche payment and balance history
  • Reserve account & fee history
  • User defined variables for reporting

Reporting

  • Customizable bondholder and servicing reports
  • Historical and static pool reporting
  • Advanced stratification and graphing capabilities
  • Reports can be printed, exported to excel, or posted to your website
  • Produces files for DTC, Bloomberg, Edgar/SEC, other websites, etc.
  • Links with WSA's standard data files or interfaces to Oracle or SQL Server.
  • Flexible loan, pool and bond exports