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Moody’s Analytics and European DataWarehouse Collaborate to Help ABS Originators and Sponsors Manage STS Disclosure Requirements

Moody’s Analytics and European DataWarehouse are pleased to announce their joint effort to help originators and sponsors of asset-backed securities (“ABS”) comply with select transparency requirements under the Securitisation Regulation (EU) 2017/2402 (“Regulation”). The Regulation requires originators and sponsors to meet disclosure requirements for public securitizations to be eligible for the Simple, Transparent and Standardised (“STS”) designation through notification to securitization repositories. Originators and sponsors will now be able manage their STS disclosure requirements through the joint effort of European DataWarehouse and Moody’s Analytics.

Moody’s Analytics and European DataWarehouse Collaborate to Help ABS Originators and Sponsors Manage STS Disclosure Requirements

European DataWarehouse has operated since 2013 as the centralized data repository in Europe for collecting, validating and distributing detailed, standardized, and asset class-specific loan-level data for ABS transactions and private whole loan portfolios. When providing data to the European DataWarehouse, sponsors and originators can use the Moody’s Analytics Global ABS Portal to publish a cash flow model that is necessary to meet certain transparency criteria within the STS disclosure requirements.

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“European DataWarehouse is pleased to work with Moody’s Analytics,” said Christian Thun, CEO at European DataWarehouse. “By linking our firm’s reporting platform, EDitor, with cash-flow modeling resources from the Moody’s Analytics Global ABS Portal, we help market participants comply with STS notification requirements in an integrated way. Working with Moody’s Analytics strengthens our ability to evolve with our users’ needs and with changing regulatory requirements.”

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“Our collaboration with European DataWarehouse is a part of our ongoing commitment to support structured finance issuers, sponsors, and originators in their funding execution and ongoing administration requirements. One of our top priorities is to help them address the obligations introduced by STS,” said Marc Levine, Managing Director at Moody’s Analytics.

The Global ABS Portal is part of the Moody’s Analytics suite of solutions for structured finance market participants. The suite also includes the Ki™ platform, which in addition to enabling funding optimization and investor reporting, helps issuers of securitizations produce templates required for regulatory reporting, ensure randomized asset selection and maintain a repository of eligibility criteria.

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