Bond Agent™ is a tool designed to create waterfall cash flows, price discovery and/or investor reports for all the varied structured finance products used in the Capital Markets today.
A flexible deal structure that supports complex deals including the following features:
The projected cashflow from the underlying assets (collateral) is modelled in WinOAS™ at the tranche or loan level. These form the inputs to the waterfall structure which is built from a set of standard template structures or customised structures based on the Offering Memorandum on any deal.
Collateral can be mapped to tranches within the tool as well as the functionality to cater for cross-collateralisation.
The sequential pay-down will be displayed and the configuration happens within defined parameters based on the prospectus
A “rule engine” enables MIAC to create and deliver new types of payment rules empowering us to customise the tool to a client’s needs: