ABS players have long clamored for more transparency in the market, which would, theoretically, lead to greater liquidity. Taking a stab at this demand, BNP Paribas recently unleashed a voluminous one-stop platform that it hopes can provide its clients more user friendly, organized and searchable deal information.
The industry has its fair share of market data providers, but none with such accessibility to and scope of transaction details as BNP's ABS Master Platform, the bank contends. The platform is based on a comprehensive database of ABS, MBS and CDOs dating back to 1997. Over 615 deals are included in the database, and over 500 deal prospectuses are available, representing approximately 81% deal coverage. In total, the platform's library has access to over 1700 documents. Live data feeds to other internal and external websites keep class information accurate and up-to-date.