CDOnet Asset Manager

CDOnet Asset Manager manages all types of cash and synthetic CDO deals and enables users to perform compliance testing and cashflow analysis.

 

The system provides an independent model to run compliance tests and hypothetical trades. A collateral history module interfaces with the custom reporting facility to give managers the ability to accurately report on the performance of their transactions, either individually or at a poolgroup level.

 

CDOnet Asset Manager utilises the same complete waterfall tool and analytics used by investors and underwriters giving managers the power to run similar analysis to their investors and originators both before and after deal closing.

 

Linking to MWSA’s comprehensive global CDO Deal Library, CDOnet Asset Manager provides users with the ability to transparently compare past, current and future performance of their deals.

 

All Asset Types

  • Corporate Bonds
  • Bank Loans
  • ABS/MBS
  • Credit Default Swaps long/short
  • Caps
  • Floors
  • Collars
  • Multi currency

Comprehensive Asset Management Tools

  • Complete deal history – complete list of asset records, compliance test, cash account history, liability payment,
  • Full compliance testing
  • Transaction processing
  • What-if trade analysis
  • Customized reporting
  • Cross deal exposure reporting
  • Sorts, queries, stratifications
  • Portfolio optimization
  • Equity IRR
  • Multi deal trading
  • Full projection
  • Independently verify trustee calculations
  • First loss analysis
  • Break even analysis
  • Eligibility test library
  • Crystal Reports library
  • Macro library

Collateral Administration

  • Centralized asset historical database administration & updating (Asset Master)
  • Daily cash reconciliation/exception reports 
  • Interface to your back office systems
  • Control/security module - FIN 46 Analysis

Robust Tools

  • Transparent modeling interface allows the user to see all the components of a deal
  • Templates for generating cash and synthetic CDOs
  • Powerful scripting language for more complex structures
  • Incentive management fees
  • Customizable reinvestment assumptions
  • Multiple currency transactions
  • Easy import and export of data
  • Tie-out equity return pre closing
  • Utilize CDOcalc for investor reporting 

API Interface and Macro Language

MWSA systems contain an API Interface and Macro Language which allow users to call a large library of internal objects and routines contained in the software applications. Through programming languages such as C++, Visual Basic and VBA users can call and manipulate the data, cashflows and analytics present in CDOnet allowing for easy integration into existing client applications or third-party systems.

 

Users can write and run macros to automate common, periodic or iterative routines, including collateral analysis, tranche cashflow generation, reporting and data import / export. Standard procedures and analyses can also be scheduled to run in batch overnight, further increasing efficiency. 

Monte Carlo Engine  

The CDOnet Monte Carlo engine can imply risk-neutral probabilities of default from CDS spreads and handle stochastic recovery rates via the Beta distribution. It can also calculate tranche deltas and run T-Copulas for default dependences. The new features work for all types of CDOs - cash flow, synthetic, and hybrid. This upgraded module allows users to run more sophisticated analysis on their CDOs to obtain tranche prices, losses given defaults (LGDs), and hedge ratios.

 

Multi-Deal Asset Management

Asset managers typically wish to use our software to manage multiple deals simultaneously.  Multi-deal asset management functionality (e.g. Batch Updating, Bank Loan Manager, Batch Trading) enables clients to administrate their deals from a series of user friendly windows. The SQL server functionality provides a single centralized depository and relational database file structure, allowing users to more easily and efficiently maintain their deal data.

 

CDO Deal Library

  • Run comparables
  • Underlying CDOs in a CDO-Squared can be linked to MWSA's comprehensive global CDO Deal Library to provide dynamic cashflows.  

The database is comprehensive, searchable and regularly updated and maintained. MWSA's deal modeling team can model bespoke CDOs on request.