An internal memo made the rounds announcing that the European Securitization Forum (ESF) has developed its own centralized Web portal to link a variety of sources containing information on European RMBS transactions and CDO managers, Royal Bank of Scotland analysts reported.
The idea, analysts said, is to aid market transparency and make investors' task of analyzing deals easier. The ESF is looking at all aspects of the European ABS market to improve the market's efficiency.
An ESF spokesperson could not confirm this information but said that the association has wholeheartedly supported the development of a similar centralized platform from Lewtan Technologies, which earlier this month unveiled its own portal providing free access to the most recent remittance reports and original prospectuses for public European securitizations.
However, the ESF is due to announce its industry data market report this month. As part of its drive towards improving transparency, the ESF said it was committed to developing a periodic report on market data. The report will be produced on a frequent and regular basis and is expected to initially include data that comes from existing sources. The information will also be newly aggregated and developed over time. The report will provide data in a consolidated format and, in some instances, might rely on estimates.
The information will include aggregate data on primary activity by type and location of investors as well as by region and asset class, and with respect to secondary market activity, summary rating and spread changes.
