Securitization and Structured Finance Post Credit Crunch: A Best Practice Deal Lifecycle Guide

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Bloomberg

One firm amongst those listed in Part IV of the book is running a slightly different business model and, hence, stands out from the crowd: Bloomberg.

If you are a Bloomberg user then you will, as part of the package you are subscribing to, already have access to all Bloomberg tools that come as part of the package. There’s no tiered subscription model where you would have to pay extra for certain add-ons or historical data or the need to subscribe to additional deal libraries—which can be very expensive if you have a global portfolio with exposure in many different asset classes, or a large number of bonds.

Everything you need is there as part of the Bloomberg package. To me that’s already a major advantage. If you sign up to their service then you will get access to masses of data, both current and historic, and you can use Bloomberg’s cash flow tools including predefined scenario analysis as well as tools that also enable the user to customize and crucially save stress scenarios. Furthermore, these stress scenarios can also be shared and sent to other Bloomberg users.

However, this was not always the case: 4 years ago there was no real alternative to other specialist data providers and vendors. Hence, if you held a sizable structured finance portfolio and you wanted to do proper surveillance and performance analytics you would have had no option—you would have had to go to one or more of the specialist service providers in order to get the information or data you ...