Asset Backed Securities

Asset Backed Securities

ARAM has an intensive bottom-up approach to analysis, management and workout of distressed ABS. ARAM’s ABS team combines security and transaction structure analysis with a deep understanding of the actual underlying loans and borrowers in each particular ABS transaction to dramatically increase visibility of recovery outcomes. In addition, ARAM has the capability to manage and take over the special servicing of a variety of ABS asset types, leveraging its direct relationships with collections, skip tracing and servicing organisations.

ARAM's analytics include:

• Security Level Analytics
    - Issuer Analysis
    - Bond Structure & Cash Flow Analysis
    - Legal Analysis
    - Identification of all relevant third parties in transaction structure
   
• Collateral Level Analytics
    - Underlying pool characteristics
    - Regression of pool characteristics from origination to current date utilising ARAM proprietary datasets on credit,
       income and repayment capacity migration
    - Pool enhancement possibilities
   
• Workout
    - Augment or replace existing third parties in transaction structure to improve cash flows and recovery value
    - Rating agency defence utilising updated collateral level analytics
    - Re-decisioning and special servicing of underlying loans to improve recovery value for asset holders

ARAM’s ABS team comprises a diverse group with actual operational and credit risk experience founding and managing investment platforms and hedge funds as well as some of the largest consumer and commercial credit originators in the US.