Incorporating CDO Evaluator's analytics enables CDO Software to offer investors and participants in the structured credit market an integrated platform for performing credit risk analysis on their CDO portfolios.
Investors and collateral managers can now use the CDO Tools suite of management tools with the knowledge that Standard & Poor's CDO Evaluator analytics are now accessible via the tool.
The tool runs scenario loss rates and synthetic rated overcollateralization (SROC) results automatically to mitigate operational risks and optimize efficiency. This is crucial when running substitutions and executing trades quickly to improve credit cushion, particularly in present market conditions.
Ram Ranganath, Vice President Global CDO Product Management, said, "We're delighted to sign this agreement with CDO Software and continue to promote the transparency of our ratings methodology. Using the automated functions of our CDO Evaluator EngineÂ® service within the CDO Tools application can provide market participants with improved mechanisms for analyzing our ratings."
Sunay Shah, CEO and Co-Founder of CDO Software, added, "We are fully committed to working with Standard & Poor's and delivering an integrated solution so that market participants have tools to manage their portfolios efficiently. There is a need to bring confidence back to the market, and CDO Software can help by developing technology to provide transparency at a time that is critical for managers and investors."