EuroABS Limited is a fully independent company 100% owned by its management team of ex-market professionals. The EuroABS business was founded in 1999 by its CEO Ben Bates. The EuroABS website was launched in July 2000.
EuroABS provides the Capital Markets with 2 main services:
- The
EuroABS European ABS Documentation and Reporting Database (EADReD)
- The EuroABS Portfolio Mark to Market Service (E-PMMS)
All EuroABS services are delivered via our website at www.euroabs.com
1 The EuroABS European ABS Documentation and Reporting Database (EADReD)
EADReD provides a disclosure and transparency service for all structured, ABS and secured credit asset classes (ABS, RMBS, CMBS, CDOs, Covered Bonds, etc.).
Compiled over a 10 year period our database has comprehensive data coverage of the above issuance dating from 1st January 1995. We specialise in providing fully text searchable prospectuses, all types of collateral/performance reports and data, deal/collateral description write-ups, asset class categorisations, static data and specialist searching and research tools for all flavours of European and Non-Japanese Asian public ABS issues.
EADReD also provides each European ABS issuer (asset originator) with a set of individual pages where their ABS issuance programmes and issues are set out. The list of these can be seen here.
1.1 EADReD Business Model
Primarily EADReD is funded by sponsorship packages sold to the major investment banks. Within these packages each investment bank can sponsor the information in EADReD on each of the issues they have acted for as Book Runner (been responsible for their sale and distribution). The information is published free-of-charge for the issuer (asset originator for whom the investment bank is acting) and can be consumed free-of-charge by investor clients vouched for by the sponsor.
Essentially, each investment bank sponsors their own issuance on behalf of all Market trading parties.
If any investment banks do not wish to sponsor EADReD, sponsorship of individual issues is open to the issuer (asset originator). Where no sponsorship agreement is in place for any particular issue, access is granted under simple commercial user licence terms (pay-per-view, etc.).
Single or bulk user licences can also be purchased by non-trading Market professionals, such as law firms, rating agencies, consultants, etc.
2 The EuroABS Portfolio Mark to Market Service (E-PMMS)
E-PMMS was launched in July 2007. The vast majority of major investment banks and major investment houses are now participating. The unique business model and service provided by E-PMMS has quickly made it a de facto standard for mark-to-market and contributed valuation in the European ABS sector.
Please contact us for further information. Limited free trials may be available to companies that have not already taken advantage of them.