HELIOS is a comprehensive software solution from dBAS+ for all securitisation needs, from pool cutting through to final redemption.
HELIOS and dBAS+ are committed to supporting the Securitisation community in Australia and the Asia Pacific region by providing tailored software which empowers our partners with intuitive, flexible, functional solutions to meet their Securitisation needs.
dBAS+ is also committed to providing a full range of services and local support for its partners.
Integrating HELIOS and Securitisation
Pool Cutting & Initialisation
Pool Cutting involves the selection of loans (Securities) that are to participate in a securitisation pool (Deal). The types of loans that can be used are defined in the securitisation deal documentation. The definition of loans that can be used will depend on varying demographics dependant on securities such as regions, owner occupied or investment and loan seasoning as well as LVRs, loan amounts, the total pool balance and the number of participating loans.
Once a pool has been cut, HELIOS initialises the pool, adding securities as defined in the pool cutting phase, and performing specific processing that occurs during the initialisation and cutover periods until the deal is finalised.
Daily and Cyclical Processing
HELIOS provides techniques for validating, processing, and bucketing loan transactions using defined processes that are unique to each pool. HELIOS caters for the creation of accounting General Ledger records for each originator, along with various diarised functions such as step ups, substitutions, payments to note holders, and unique note payment cascades which are defineable for each individual pool.
Pool Maintenance is also supported by HELIOS via repurchases, top ups, payouts, or substitutions.
After a defined period, or when assets of the pool have reached around 10% of its initial value, the pool is finalised and closed. HELIOS ensures that all payments to note holders are finalised, and that General Ledger entries transfer the remaining securities back to the provider.
Reports and Extracts
Reporting modules available in HELIOS include exception and reconciliation reports, along with monthly and ad hoc reports such as:
• Monthly Loan Summary Report
• Monthly Servicer Certificates
• Monthly Investor Report
• Monthly Ratings Report
• Monthly or Quarterly Distributions Report