Structured Finance Clients Benefit From Technology Firm's New Tools

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CLO and CMBS analytics and surveillance tools provide even greater capabilities, speeding the work necessary to price, analyze, and compare these bonds. New customization options expand how clients of Thetica Systems can flexibly apply their individual business logic in decision-making.

"...We consistently invest in product enhancements to expand the ways in which we make life simpler for structured finance professionals."

Thetica Systems, an Intex partner and technology provider, announces substantial enhancements to its CLO and CMBS analytics and surveillance tools. The company serves those who price, analyze, and compare structured finance bonds, delivering rapid access to highly individual systems designed to support their unique business logic and decision-making.

“We are very gratified by the response to our latest offerings,” said CEO Ariel Yankilevich. “We consistently invest in product enhancements to expand the ways in which we make life simpler for structured finance professionals.” He further noted that the company has experienced 200% growth in delivered work since 2015 and recently expanded its full-time development personnel and locations.

The company recently delivered a custom solution for a large trading operation to use the client's credit model in CMBS universe runs and create unique triggers for sentiment change at property and loan levels. Another client is now able to run customized analytics for STACR/CAS deals, including loan level vectors. A third can perform historical par build calculations for CLOs including refi/reset deals. All clients now have the ability to run cashflows on a deal even before it has been assigned a CUSIP or Bloomberg ticker.

An additional project for a large accounting firm, currently readying for launch, enables multiple users to perform price testing for their clients while working in parallel in a single environment. They are also able to run complex, multi-step jobs on demand between scheduled universe runs.

The company supports CLO, CMBS, ABS, and non-Agency RMBS portfolios and integrates a wide variety of client-licensed data. Clients include investment banks, hedge funds, insurance companies, professional services providers, asset management, brokers, dealers, and others that invest in or monitor structured finance securities. Users range from traders and trading desks, project managers, research, and product controllers to risk managers, regulatory reporting, and IT.

About Thetica Systems
The company solves the buy-or-build dilemma for those who require a unique, highly customized, flexible system to price, compare, and analyze bonds. An experienced Intex partner, Thetica Systems can implement any business logic, models, or client-licensed data from any source for CLO, RMBS, CMBS, and ABS portfolios. The word “Thetica” was created from the Greek letter “theta,” representing thought or reason, and “etica,” representing ethics. Thought, reason and ethics are essential elements of any successful business and commitment to this concept is embedded in the company’s name. For more information visit the company website.

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Grace Parrish
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