ABCDS have a “pay as you go” structure where fixed and floating payments are calculated monthly.
Due to the lack of available data and the complexity of payment calculations, market participants often have varying interpretations
of settlement amounts. Additionally, a tight window for settling monthly payments necessitates efficient and accurate data collection and calculations.
Our ABCDS reference cashflow database acts as the central monitoring and settlement platform for the ABCDS market, covering US and EU
securities across RMBS, CMBS and consumer ABS asset classes. Markit Reference Data determines monthly settlement on CDS of ABS trades based on ISDA Pay-As You-Go requirements.
Our calculation engine greatly simplifies complex settlement calculations and reduces failure rates with payment matching and clearing.
With Markit Reference Data, clients can resolve cashflow payment discrepancies with a single enquiry, replacing numerous counterparty conversations.