âMany of our current administrator clients have vast amounts of loan data, and cover virtually all active facilities in the syndicated loan market,â said Hillel Caplan, a partner with Deloitte & Touche LLP and the leader of its CDO Suite practice. âOur intent is to give them the ability to make this data more available to appropriate market participants.â
The two new modules that are now available are:
â¢ A âData Provider Module,â which can be used by administrators to capture syndicated loan activity that is recorded in the administratorâs installation of CDO Suite and to automatically produce a customized Extensible Markup Language (XML) file for each of the administratorâs clients that chooses to license data from the administrator. The module can be used to track which facilities each subscriber owns an interest in and signs up to receive data for.
â¢ A âData Subscriber Module,â which can be used by buy-side firms and other syndicated loan investors to automatically import the XML data files from the administrator into the subscriberâs installation of CDO Suite.
âGiven how many administrators use CDO Suite, we are hopeful that our initiative will lead to an increase in the number of administrators that decide to become data providers to the marketplace,â said Caplan.
CDO Suite includes detailed tracking capabilities for portfolios/funds that invest in a variety of asset classes including asset-backed securities, bonds, credit default swaps and syndicated loans, and can be used to perform scenario analysis around hypothetical trades and changes in collateral characteristics. It also offers functionality for administrative agents and business development companies and other loan originators.