Pricing and Analytics Overview

The challenges of accurately pricing and analyzing CMBS bonds have always been individual and highly detailed; even more so with the recent periods of unusual economic stress and change. Proper analysis calls for exact details on the properties in question, and without spending hours running individual deals to project cashflows or manually calculating changes in key measures.

Our team has extensive experience building custom CMBS systems that perform to the most sophisticated requirements. We enable our clients to take advantage of the opportunities in CMBS with the exact tools needed for full transparency without so much manual work. 

The Thetica Systems Difference

Just as with CLO, RMBS, and ABS portfolios, we don’t lock all of our CMBS clients into the same off-the-shelf-system. Instead we make it easy to get the exact system you want, with your choice of interface options to connect with the robust proprietary infrastructure that stores, processes, and delivers your licensed data, calculations, scenarios, and reports.

In 2021 we are expanding system access options for your choice of:

  • A convenient Excel interface for database queries and running cashflows, giving users a friendly and familiar way to work as well as simplified installation and security processes.
  • The private web portal option enables clients to customize views and access for individual users, adding screens and reports with ease.
  • Of course, we continue to offer design of a fully custom interface to client specifications. 

The Value We Add to Your Intex Licensing

As a highly experienced Intex partner, we specialize in automating whatever insights you want to extract from your licensed data sources. In addition to Intex data, you get the maximum use from all your licensed data for CMBS from any provider or model you wish to integrate. We match results with Intex and can assist with all aspects of working with this vital data source.

Crafting solutions for the structured finance market is the very heart of our business. The CMBS Pricing and Analytics system you use should be as sophisticated as your approach to the Commercial Mortgage-Backed Securities market, and that is exactly what we provide to our clients. Our engineers collaborate with your traders, business analysts and IT to ensure you get the precise appearance, calculations, and outputs you want, as illustrated by the sample items below. No matter how detailed or complex, we automate and integrate the data so that you have exactly what you need. 

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Sample CMBS Pricing and Analytics Capabilities

  • Automatically calculate the percentage of loans by property type that are newly in special servicing or otherwise in need of close surveillance
  • Parse CMBS emails by bid size, offer size, offer price, spread, rating, DM/WAL, etc.
  • Create CMBS single-page detailed summarizes, with asset stratifications and breakdowns per deal
  • Perform asset modeling with customized and detailed loan level screens
  • Save all models to your secure database and run bonds automatically using them
  • Conduct CMBS daily pricing batch runs on the entire universe or your portfolio with Excel and database monitoring
  • Calculate CMBS collateral stats by specific fields you select
  • Utilize any metrics you desire in the portfolio bond view
  • See immediate results from running cashflows in your custom analytics views
  • Make fast and effective use of all licensed data fields according to your exact specifications

The Bottom Line

The sample items above barely scratch the surface of what’s possible, since we help you to create your ideal CMBS pricing and analytics system by automating your great ideas and supporting them with our proven infrastructure for fast deployment. We can help you to create whatever you can imagine.

And yes, you can run multiple bond types in our system without having to switch between multiple tools. Similarly sophisticated solutions are available for other structured finance bond types including RMBS, CLO, and ABS portfolios. 

Tell us about your ideal CMBS pricing and analytics system and we will walk you through our process and how we can help.