User:Gopal049/sandbox

The European European DataWarehouse (ED) was created, as a new market initiative specifically aimed to increase transparency and restore investor confidence in the Asset-backed securities (ABS) market. ED is the first European centralized and independent platform to upload and download ABS loan-level performance data on a real-time basis accessible to all ABS market participants, including loan originators, servicers, trustees and investors. While transparency for structured finance transactions includes a number of different areas, the focus is specifically on loan-level data of the underlying loans forming the securitized portfolio. This information was typically not readily available in the past and hence investors had to rely on aggregated data which was preconfigured by issuers and arrangers. A key development point for ED was to have a highly standardized reporting data format which would allow market participants to analyze underlying portfolios in a more efficient way and to be able to compare portfolios on a systematic basis including performance trends. This aids investors as well as rating agencies in enhancing their due diligence efforts around ABS transactions.