STS SECURITISATION REGULATION

The STS (‘Simple, Transparent, and Standardised’) regulations for securitisations require additional processing for both issuers and certain investors in tranched debt exposures.  Issuers are required to perform extensive due diligence and in-depth regulatory disclosures. Where AIFs/UCITS invest in securitisations the AIFM/Man Co. must ensure the issuer has performed the required due diligence and is meeting the retained interest requirement.

IntegraLynx helps both parties to manage the due diligence workflow – storing information and relevant files in a centralised and audit-able database. In addition to this, IntegraLynx manages the creation of STS notifications (.xml) and electronic submission to local NCAs.

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Processing

Calculations

Outputs

integralynx-no-text

Entity Data Management

Audit

Web-Based UI

Processing

IntegraLynx has a built-in workflow wizard to manage the due diligence and data collection  processing.

A simple drag-and-drop interface allows business users to import raw data from any file format (including .pdf). Likewise, users can easily store  documents against entities within the database for audit.

IntegraLynx submits the .xml disclosures to regulator portals electronically via API.

Calculations

Securitisation tranche structures are maintained within IntegraLynx. Similarly debt exposures and corresponding cashflows are recorded (at the setup date, and through the lifetime of the securitization).

Based on the above the exposure of each tranche can be calculated. Additional data for exposures can be collected to produce datasets required for STS notification.

Outputs

The IntegraLynx drill-down reporting suite allows users to review the datasets created (incl. reconciliation to previous datasets).

Create .xlsx version of submissions for easy review and sign-off.

Create .xml files which have be internally validated against related .xsd schema (incl. exception reporting for all rule breaches).

Entity Data Management

The STS disclosures require a significant amount of information for the tranche structure and each underlying debt exposure.

IntegraLynx allow business users to easily store static data relating to entities, and to define links between related entities.

A single data point may be relevant to multiple disclosures. IntegraLynx allows users to store data once, but disclose it multiple times. This reduces  data inconsistencies and related reconciliations and investigations.

Audit

All static data is audited. Data change is permissioned and subject to a four-eyes check.

Users can attach files (such as emails) to changes for an easy audit trail of change instructions.

All system processing is recorded in an extensive event log.

Web-Based UI

IntegraLynx is a web-based application. This facilitates deployment on-site, or clients can avail of our cloud hosted solution.