Six month old European structured finance platform ABS Reports has revamped its service to include new content and increased user functionality.
The company, a subsidiary of Jersey-based structured finance outfit Mourant, launched its database of post issuance performance information for European asset and mortgage backed securities in January 2001. The aim of the service is to provide investors with access to a single source of European ABS performance data, and originators with a mechanism by which to discharge their best practice reporting responsibilities free of charge.
By the end of this month, ABS Reports plans to double the number of collateral reporting screens for asset classes, including whole business ABS, CDO - collateralised debt obligations (including CLO and CBO), consumer loan ABS, and student loans ABS.
Originators who have already agreed to submit post issuance transaction reporting data include Abbey National, Paragon Group, First Active, Mortgages plc and the Kensington Mortgage Company.
Nicola Davies, director of ABS Reports, says: "The graphing function will also be enhanced to enable users to select and view collateral delinquencies by number, value, or percentage for a period or periods of their choice. Relevant acceleration triggers will also be displayed on the charts."
"We are now providing the means for over 94 per cent of issuers to comply with the Transaction Reporting recommendations the European Securitisation Forum recently issued," says Davies.