O'Reilly logo

Securitization and Structured Finance Post Credit Crunch: A Best Practice Deal Lifecycle Guide by Markus Krebsz

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

22
Bloomberg’s structured finance tools: Tricks and tips
This chapter provides you with an in-depth look at Bloomberg’s suite of analytical tools specifically focused on structured finance. There are many more non-structured finance–specific functions that can be useful to support your analysis; however, this also depends to a large extent on the focus of your particular area.
For the generic function please use Bloomberg’s online resources such as:
• Help.
• 24/7 Live chat.
• Cheat sheets.
• Bloomberg university, etc.
The functions that follow can all be accessed via the main menu for mortgages—<MTGE><Go>.

22.1 STRUCTURE PAYDOWN FUNCTION (SPA)

The Structure Paydown (SPA) function is useful to chart projected cash flow patterns for all tranches within Bloomberg’s selected CMO/ABS/CMBS mortgage deal credit group allowing users to display and visualize the waterfall for the selected deal.
Once you enter the Bloomberg ticker <MTGE>SPA<Go>, the structure paydown screen (see Figure 22.1) appears, where users are presented with the following options:
Change. To change the data that appear, the user can enter/choose the appropriate information in/ from the highlighted fields that appear followed by pressing <Go>.
Display. To display the corresponding historical information for a specific data item that appears at the top of the screen, the user can select and click on the appropriate data item.
Create a new vector or curve. To create a new vector or curve to be used within the analysis ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required