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Fixed Income Services >
Research & Analytics >
Deal Modeling & Maintenance |
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Deal Modeling & Maintenance |
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Securitized debt is one of the
largest markets in the American and European financial
world. And so is the need to manage the deals comprising
these. At Byte, we specialize in modeling securitized
debt deals. Deal Modeling includes structuring the cash flow
waterfalls for ABS, MBS, CDOs using a client's proprietary
tools, MS Excel and Third- Party tools.
This process entails an in-depth analysis of Offering
Circular (OC), structuring the rules based on the OC and
conducting stress tests.
It involves:
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Modeling the transactions’
cash flow waterfalls and deal triggers for ABS, RMBS,
CMBS, and CDOs using: |
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Clients'
proprietary tools
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MS Excel
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Third-Party tools such as Intex, Wall Street Analytics, and
Lehman Dealmaker
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Performing various base-line and stressed modeling runs
based upon various default, prepayment, and recovery
assumptions. |
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Creating
customized reports for Risk Management and Trading
purposes. |
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Initial and ongoing model tie-outs on Clients’
proprietary tools with Third-Party tools to ensure
consistency in the resulting waterfalls. |
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Working with Clients to create Buy/Sell decisions and
Hedging strategies for individual securities based upon
the modeling results. |
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Successfully modeled more than 4000
structured deals for leading
financial institutions. |
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Modeled all Deal types:
agency, whole loan, and all other ABS deal
structures. |
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Significant experience in the fixed income space.
Dealt with all leading Investment Banks on Wall
Street. |
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Strong Domain expertise;
Significant focus on continuous domain training. |
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Unique focus on
specialized analytics and research. |
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Best of Breed processes
and people |
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Maintenance |
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Our Deal Maintenance service
offering is an extension of Deal Modeling process.
The services include:
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Updating transactions
and corresponding Risk and Trading reports based upon
monthly trustee reports: |
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Bond and
Collateral balances
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WAC for
collateral replines
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Reserve
Fund balances
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Liquidity Facility and all other deal trigger values
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Providing monthly shadow
ratings on individual transactions to predict future
ratings changes. |
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Customized monitoring of
individual transactions: |
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Rating
agency actions on individual deals
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Monthly
deal Trigger alerts
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Monthly
prepayment, delinquency, and default monitoring
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Quality and
coverage test alerts
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Our Deal modeling team in conjunction with Deal Maintenance
team provides end-to-end solution to Issuers, Investors and
Trustees. |
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Byte Service offering span across the
whole industry cycle of structures finance |
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