ABCP Conduit Administration
TAO Solutions is the world's leading authority in administration technology solutions for Asset Backed Commercial Paper (ABCP) conduits and balance-sheet lending programs. Cloud hosted or deployed on-premises, our automated technology enables the end-to-end administration of ABCP programs from both an asset and liability perspective.
TAO's ABCP solution is unique and offers conduit sponsors an alternative that removes the need to run operations via spreadsheets or manual processing, supporting a variety of front, middle and back office functions.
SecureHub brings industry-leading automation and best practices to every stage of the securitization lifecycle. It seamlessly manages loan (asset) administration, ABCP issuance and liability tracking, repayment and rollovers, as well as funding activities across both conduit and balance-sheet programs.
SecureHub also streamlines seller data ingestion, classification, administration, and reporting—reducing operational effort while ensuring accurate, end-to-end processing across upstream and downstream workflows.
TAO Solutions’ unique, proprietary ABCP conduit solution offers a variety of benefits that can be used on a piecemeal basis or as an end-to-end solution:
Simplifies and automates FRONT, middle and back office functions
SecureHub ABCP conduit functionality supports any asset class and transaction type. The capabilities of the software includes the following features:
- Automated daily ingestion of all multi-currency, multi-trust Commercial Paper ("CP") trade tickets, including support for callable /puttable notes
- Allocation of CP trade tickets based upon your specific requirements, including on a matched or pool funded basis
- Robust configuration options for each seller funding program including matched-funding, pooled funding, LOCs, commitment fees (used/unused), etc. with wide and diverse fee structures
- Specific transaction tracking and recordings of each seller program to include detail advances and pay-downs
- Complex multi-entity and basis accounting functionality, including full general and sub-ledger capabilities for downstream reporting
- Extensive support for automatic generation of periodic seller invoicing based on your specific requirements, including a detailed breakdown of seller program activity during the invoice period
- Supports variety of deal structures including vanilla (single currency/single facility) and highly complex (multiple funding currencies, differing risk free rate methodologies, multiple facilities, shared commitments, etc.)
- Calculation of Cost of Funds ("COF") rates in accordance with each seller's billing period and COF methodology
- Calculations for all configured conduit fees applicable for each seller with automatic adjustments that take into account stepped fee arrangements and advance/pay-down transactions occurring throughout the billing period
- Unique capability to perform billing period estimates with automatic true-ups in following period invoices
- Interactive dashboard/workflow queue for conduit administrators to take the required actions on seller programs throughout the monthly process
- Asset Management and Conduit Management reporting capabilities for stakeholders and rating agencies, including ingestion, mapping, maintenance and reporting of asset portfolio data (seller reports)
Supports the most stringent transactional and risk management requirements, internally and regulatory
TAO Solutions is both SOC 2 Type 2 and ISO 27001 accredited with a successful track record delivering complex Tier 1 bank software implementations, including software support and maintenance activities. Our technology is designed to address stringent transactional, audit and risk management requirements needed to support both internal and external stakeholders (including regulators).
Improve your customer’s experience and add value to your services
Challenge the status quo with a platform designed for true differentiation. Our solution offers seamless connectivity, straight-through processing, and unique value-added services that unlock meaningful economies of scale. Built to support diverse and complex requirements, our software empowers origination teams to create and deliver limitless, tailored solutions for their clients
Benefits
TAO Solutions ABCP software is unique, enabling conduit sponsors to avoid outsourcing administration to third parties or building a costly solution in-house. We offer a cost effective alternative that contains unparalleled functionality to meet the demands of ABCP condit activities from both an asset and liability perspective.
The benefits of TAO's ABCP conduit administration software include:
- Cloud delivery methodology whereby TAO will manage the software and hardware requirements based upon your business requirements; alternatively, on-premise installations are also fully supported
- Introduces a turn-key solution that supports industry related future-state requirements
- Enables economies of scale to be achieved
- End-user configurable reporting, dashboards to support a variety of business requirements
- Full accounting and accrual system
Simplify Operations
- End-to-end automation for all ABCP programs business processes
- Out-of-the-box multi-SPV, multi-seller functionality
- Automation of transactional and data ingestion requirements in a repeatable and auditable fashion
- At ingestion, data is validated, normalized and encrypted for maximum security
- Middle office reviews and compliance assessments can be conducted in real time
- Supports an unlimited number of users across multiple departments and functions
- Effortless interest and fee calculations, accounting and invoice generation
- Self-serviced advanced analytics and reporting
- Varying transactional and data alternation approval mechanisms with built-in audit controls
Introduce Operational and Risk Management Best Practices
- Purpose built transaction ingestion, compliance reporting and analytics
- TAO Solutions is SOC 2 Type 2 accredited and ISO 27001 certified with stringent security measures in place to address data security and privacy concerns
- Data analytics and dashboards available for various internal stakeholders
- Early warning signals can be created to identify possible issues
- Scalable both horizontally and vertically to cater for multi-jurisdictional and multi-currency requirements
- Data can be exported to internal systems to support downstream processing for accounting, payments, or other functions
Address Stakeholder Requirements
- Flexibility for end-users to address continuous and ad-hoc reporting requirements for internal and external stakeholders
- Analytics, dashboards and reports can be configured to support various stakeholders requirements
- Credit report templates can be provided on a transaction, originator and portfolio level
- Templates can be created to support credit approvals, variation requests
- Information can be provided to treasury to determine capital charges, cost of funds
- Ad-hoc and periodic reporting can be provided to regulators
Hosted Software as a Service
- A TAO Solutions hosted option represents a turn-key solution with no additional IT infrastructure needed by the customer, with TAO Solutions providing disaster recovery and IT support services as required, delivered in a secure, dedicated-tenant environment
- Application can also be hosted or installed on-premises
- We use comprehensive local infrastructure ensuring high availability of the solution and fast local access times
- Solution data is domiciled within your preferred region to ensure compliance with privacy laws and regulations
Future Proof
Organizations today face increasing pressure from regulators, governance frameworks, and key stakeholders. TAO Solutions empowers them to meet these demands by embedding best practices and enabling seamless adaptation to evolving regulatory and business requirements. With our technology handling the complexity, customers can redirect their focus to strategic, value-creating activities.
- Streamline business operations
- Conform with regulatory and industry requirements
- Create real value involving regular business activities
- Enhance ROI and other key performance indicators
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