1010data, Inc. and European DataWarehouse GmbH Partner to Increase Transparency of European Asset Backed Securities

1010data to host European Asset Backed Securities datasets, enabling unprecedented access to the most granular level data available

NEW YORK, NY – June 4, 20141010data, Inc., a market leader in Big Data Discovery and data sharing, today announced a partnership agreement with European DataWarehouse GmbH (ED), an organization owned by market participants and endorsed by the Eurosystem, whose   goal  is to restore confidence and trust through transparency of European Asset-Backed Securities (ABS).  

With the announcement, ED will make available on the 1010data platform almost 800 RMBS, CMBS, SME, Auto, Consumer Finance, Leasing, and Credit Card ABS deals with over 30 million loans from across Europe. The combined solution will bring the power of 1010data’s cloud-based platform to global ABS investors, allowing seamless ad hoc analysis, surveillance, due diligence, and model construction.  The offering from 1010data will also provide ongoing updates to the data continuously gathered from ED, which will save investors a great amount of time, expense and effort that would otherwise be required to collect and integrate this data.

“1010data is extremely excited to collaborate with ED as we enable investors in European ABS to avail themselves of the increased transparency and analytic robustness that market participants have come to expect,” said Steve Albert, Senior Vice President, 1010data. “Investors can now analyze the landscape of European ABS at the loan-level by engaging one of the most powerful Big Data Discovery platforms in the world for surveillance and collateral monitoring. 1010data is looking forward to ED joining our expanding family of data partners who provide timely, relevant, and granular hosted datasets.”

The details of the partnership between 1010data and ED give licensed firms direct access to the full set of European ABS at the most granular level available according to the European Central Bank templates and taxonomies.  The expectation is that this broad set of data will continue to grow as investors make use of the much-anticipated transparency that these loan-level details provide. 

“The addition of 1010data enhances the ED’s core mission of facilitating access, timeliness, and distribution of loan-level data among market participants,” said Markus Schaber, CEO, European DataWarehouse GmbH. “As such, the growing repository of information will facilitate greater visibility into European ABS transactions, which ultimately improves investor confidence in this fixed income segment. ” 

About European DataWarehouse, GmbH.
European DataWarehouse (ED) is the first central data warehouse in Europe for collecting, validating and providing detailed, standardized asset class specific loan-level data (LLD) for Asset-Backed Securities (ABS) transactions.  Developed, owned, and operated by the market, and endorsed by the Eurosystem, ED aims to increase transparency and restore confidence in the ABS market.  Close to 800 ABS transactions across jurisdictions are currently stored in ED.  More information is available at www.eurodw.eu