Deutsche Bank Launches CMBS Analytic Model and MBS Prepayment Model on
NEW YORK -- December 03, 2012
Deutsche Bank announced today the availability of two analytic models to the
more than 310,000 subscribers of the Bloomberg Professional service.
The Deutsche Bank Commercial Mortgage Backed Securities (CMBS) Credit Model
and Deutsche Bank Mortgage Prepayment Model will help investors evaluate
securities in the $472 billion private agency mortgage backed securities (MBS)
market and the $5.2 trillion agency mortgage market.
“We’re excited about working with Bloomberg to provide our expertise in
commercial and residential analytics to a significant worldwide audience,”
said Steven Abrahams, Head of MBS and Securitization Research at Deutsche
The Deutsche Bank CMBS Credit Model, which enables investors to estimate the
overall value of commercial mortgage securities and effectively analyze loan
portfolios, is the first independent CMBS model on the Bloomberg Professional
service. The proprietary credit model, available to all Bloomberg users, can
be accessed on the terminal through CMBS analytics powered by Bloomberg cash
flows. Users can select Deutsche Bank's base, best and worst case scenario
models from a drop down menu on analytics such as SPA<GO> and SYT<GO>.
Through the model, investors can apply scenarios on a loan level basis and
assess the impact on related bond cash flows. The Deutsche Bank CMBS Credit
Model is designed to reflect views on a combination of factors including
commercial real estate fundamentals, financing conditions, borrower behavior
and servicing standards.
“The Deutsche Bank CMBS Credit Model is a valuable analytic tool that
leverages our expertise and innovation in commercial real estate,” said Harris
Trifon, Global Head of CRE Debt Research at Deutsche Bank. “We believe our
approach is the most effective way to help investors understand and compare
"We're pleased to integrate Deutsche Bank's models with our cash flows and
analytics so clients can better assess financing conditions impacting the
mortgage market," said Russel Parentela, Bloomberg's Global Head of Structured
Products. “Bloomberg is committed to collaborations that provide even more
value, transparency and efficiencies to our clients."
Deutsche Bank has also provided the Deutsche Bank Mortgage Prepayment Model,
an agency mortgage backed security prepayment model, to Bloomberg subscribers.
With this model, analysts, portfolio managers and traders will be able to
assess an independent prepayment opinion to better analyze bond value and
Deutsche Bank’s agency prepayment model incorporates the latest changes to
government refinance programs to provide accurate estimates of cash flows. It
is fully integrated into Bloomberg’s analytical tools and application program
interface (API). Users can access the model on analytics such as CFT<GO> and
Issued by press department Internet: http://www.db.com
of Deutsche Bank AG NY
60 Wall Street, New York, http://www.db.com/press
Phone: +1 (212) 250-7171 E-Mail: firstname.lastname@example.org
Deutsche Bank AG
Amanda Williams, 1-212-250-1499
Sabrina Briefel, 1-212-617-1993
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