Trepp LLC, a provider of information, analytics and technology to the commercial mortgage-backed securities (CMBS), commercial real estate and banking markets, has launched a free tool for bond cashflow and price yield calculations: TreppTrade Quick Analysis.
The company says the tool was developed as a destination for qualified institutional buyers to quickly and easily price bonds and enables participants to calculate CMBS bond cashflows under predefined assumptions such as prepayments and other factors.
In addition to accessing tranche-level Trepp cashflows, TreppTrade Quick Analysis enables users to perform a price/yield analysis using live Treasury and swap rates, all within a single screen that is offered at no charge, the company notes.
"Trepp's focus is to ensure that all qualified market participants can agree upon bond prices and, therefore, have access to the same model for comparison, irrespective of their internal product platform," says Annemarie DiCola, CEO of Trepp.
TreppTrade Quick Analysis is a module within the TreppTrade platform, a collaborative workflow solution for traders, credit analysts and sales teams in the CMBS market.
Trepp says it previously provided cashflows at no charge to Bloomberg users via their Yield Table, or "YT" function on their terminals. Due to Bloomberg's decision earlier in the year to cease making Trepp data available to its users effective April 1, TreppTrade Quick Analysis is being offered to qualified institutional buyers through the TreppTrade website.
The company adds that its modeling and cashflows are also accessible through a number of other trading and risk management platforms, as well as third-party platforms hosted by several members of the broker dealer community.
