Deutsche Bank last week launched its new ABSquant EUROPE, a Web-based system that provides historical credit data on over 400 benchmark European securitization portfolios, including consumer ABS, RMBS, conduit CMBS and cash CDOs.

ABSquant Europe will allow investors to compare performance data between deals and to the relevant sector averages. "We believe ABSquant will serve as a simple, yet powerful credit tool for investors in the European structured finance market," Deutsche Bank stated.

The bank said that it would be expanding the scope of its credit database to capture market growth and to improve deal coverage penetration, as more issuers make public their investor reports. Deutsche Bank stated that it would also focusing on adding greater functionality to the product with respect to credit and pricing.

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