Structured Finance Workstation for Issuers

SFW Issuer allows you to manage your MBS, CMBS and ABS deals through the deal lifecycle - from the warehousing of the loans; to the modeling of the deals; and through the ongoing valuations, bond administration, and investor reporting.

SFW Issuer puts into your hands the same deal modeling and analytics functionality that is found in the largest and most active structured finance underwriting and trading desks. The power of the system is equally effective as a reverse engineering tool as it is for deal origination.

You will be able to model your transactions alongside the investment banks that have been engaged to structure and underwrite the deal. The easy-to-use modeling interface allows you to create your own deals, so that you can verify the bank's output on your own.

Whether creating your own structures or replicating what has been done by your underwriters, the SFW puts the ability to run our comprehensive analytics toolkit in your own hands. Both at the deal closing and, more importantly, on an ongoing basis you will be able to run your own scenarios and price the bonds in your deal including residuals, IO's and servicing fees.

Analytics

The SFW provides a complete toolkit of integrated analytics.

  • Price/yield tables
  • Sensitivity analysis
  • Horizon total rate of returns
  • Bivariate grids
  • Scalar and vector prepayment/default rates
  • Loan specific assumptions
  • Property level analysis
  • User-defined models
  • Profitability analysis
  • Fee and strip valuations
  • Residual cashflows and pricing

Asset Types

The SFW offers a one stop solution for all of the asset classes you work with:

  • Whole loans
  • Sub prime
  • Home equity / HELOC
  • Manufactured housing
  • CMBS
  • Auto loans / leases
  • Student loans
  • Equipment leases
  • Credit cards
  • Resecuritizations
  • Agency pools

Collateral Features

View collateral cashflows on a loan or pool level

  • Over 300 asset fields
  • User definable fields
  • Loan and pool pricing
  • Comprehensive loan selection tools
  • Handles all types of deal structures

Structuring Features

The SFW has been used in the issuance of hundreds of billions of dollars of MBS and ABS.

  • Easy to use Interface
  • Tape cracking
  • Collateral stratification
  • Loan bucketing
  • Average life targeting
  • Price, yield, coupon solver
  • Floater/inverse floater splitter
  • Z-bond creator
  • Pac finder
  • Breakeven loan pricing
  • First loss calculator / yield solver
  • Structuring templates
  • Powerful scripting language

Reporting

The SFW includes a comprehensive reporting package

  • Hundreds of customized reports
  • Presentation quality 3-D graphics
  • Copy and paste into Windows applications
  • Deal summary and profitability reports
  • Graph bond and collateral cashflows
  • Investor and servicer reports
  • Static pool reporting