DoubleLine Capital licenses Vichara V*CLO platform

Source: Vichara Technologies

Vichara Technologies, Inc., a leading capital markets technology firm, announced today that DoubleLine Capital LP has licensed Vichara's V*CLO platform for analysis of collateralized loan obligations (CLOs) and their underlying collateral pools.

Vichara's V*CLO product is a valuable addition to DoubleLine's overall trading platform. "The DoubleLine fixed income teams require IT solutions that can be customized to our investment approaches and existing platforms," said Casey Moore, Chief Technology Officer of DoubleLine. "In the CLO space, there are several systems that collect similar data points, generate canned reports and perform various degrees of analytics. Vichara's V*CLO platform was customizable to our needs, enabling us to quickly stratify the CLO universe into our targeted cohorts for analysis by our analysts, traders and portfolio managers. In addition, I was impressed with Vichara's willingness and ability to tailor the software to our exact requirements."

Steve Segretta, Head of Vichara's CLO and Corporate Credit Products, said, "DoubleLine is a valued client of our firm, and it was important that we tailor our solution to their specific needs. This is consistent with our core philosophy, which is to provide best-in-class solutions to customer problems. We're excited about the opportunity to expand our relationship with DoubleLine and look forward to helping their team gain an advantage when trading and analyzing bonds in the CLO market."

V*CLO integrates Intex's cash flow engine and loan level data, underlying portfolio prices and customer trade data into a comprehensive platform for advanced bond, portfolio and market analysis. Among its many features, V*CLO includes: multi-scenario loan-level cash flow forecasting and pricing, market value coverage and relative value analysis, automated bid list processing and trade management, deterministic and stochastic analysis, custom viewing, reporting and data visualization. V*CLO is customizable to a client's specific needs and integrates third party or proprietary data, analytics and credit models. The system fits seamlessly within Vichara's cross-product platform as part of an enterprise-wide structured credit solution. Vichara's products are home grown, fully scalable, and highly efficient through grid processing across client hosted or public clouds. 

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