Coverage
Intex provides an extensive,
accurate, and timely universe of deal models, data, and analytics, covering over
20,000 structured deals. We also provide data and analytics for many other
types of fixed-income securities.
The Intex database is organized into the
following asset classes:
·
Residential
Collateralized Mortgage Obligations (CMO)
·
Asset-Backed Securities
(ABS)
·
Commercial Mortgage-Backed
Securities (CMBS)
·
Collateralized Debt
Obligations (CDO CBOs, and CLO)
·
Pass-through Pools (MBS)
·
Index-amortizing Notes (IANs)
and internationally into regions, including:
·
United States and
Canada
·
Europe and Australia
·
Japan
CMO
Residential Agency Pool-Backed CMOs
Intex's original database offers complete
(100%) coverage of the universe of agency-administered deals, in other words,
all agency pool-backed CMOs administered by FNMA, FHLMC, and GNMA. Plus, we
cover most private agency-pool-backed deals.
Our analytic engine automatically handles
Re-REMICs to any depth, as well as callable-structure deals.
Residential Whole Loan-Backed CMOs
Intex maintains an extensive database of
deal models for residential whole loan-backed CMOs. Because these deals'
cashflows are also affected by delinquencies and defaults, Intex accurately
models in the credit risk waterfall logic within each deal.
We offer trading-quality models and updates
using actual loan collateral for deals issued by the major issuers of whole
loan deals in many countries. We use the best available information when
modeling deals from smaller issuers with limited disclosure.
ABS
Intex delivers an extensive
international database of ABS deal models and updates. Users get all the
advantages of coverage, accuracy, timeliness as with our residential CMO
database, plus additional ABS collateral and trust performance information,
including triggers. Many manufactured housing and home equity deals are updated
at the loan level.
The Intex ABS database covers:
·
Home Equity deals
(amortizing and HELOCs)
·
Manufactured Housing
deals
·
Credit Card Receivables
deals
·
Auto Loan deals
(amortizing and revolving)
·
Equipment Leases
·
Dealer Floor Plans
including prime, sub-prime, master trust,
and NIM deals.
CMBS
The Intex commercial mortgage-backed
database covers over 1100 CMBS deals. Deals are modeled and
updated in a timely fashion using independently collected loan- and property-level
information, including servicer watch comments.
You will benefit from both the highest
quality CMBS database, as well as our end-user analytical packages optimized
for CMBS: INTEXdesktop
and INTEXnet
Loan-level operating information, such as
DSCR and LTV, as well as property-level data, such as NOI and GLA, are
accessible and made available for your analytic needs.
CMBS deals are modeled and available quickly
after both the introductory "red" and final "black"
prospectuses are issued, sometimes even sooner.
CDO, including CBO, SF-CDOs, CRE-CDOs and CLO
deals
The Intex international CDO database now
covers over 1000 CDO deals. Intex models high-yield (CBO-style)
CDOs, ABS-backed CDOs, CRE-CDOs and even CDO-backed CDOs.
Intex CDO deal models incorporate each deal’s
unique cash flow tests. Intex also
employs its vast structured finance database for accurate modeling of the
underlying assets of SF-CDOs.
Our deal models are updated as soon as
trustee information becomes available, meeting the challenge of this
non-standardized market.
The Intex ready-made access applications INTEXdesktop
and INTEXnet) also include our implementation of the various rating agency
methodologies to assist in post issuance ratings analysis.
Other Bonds
Though our greatest value to
you is covering the trading universe of collateralized securities, we also
provide coverage for other asset classes.
The Intex cashflow engine and user
interfaces are also fully integrated with our:
·
Timely delivery of over
1 million agency MBS pass-through pools, including ARMs
·
Index-amortizing Notes (IANs), also known as prepay-linked notes