Securitization operations run on a daily cycle: tapes arrive, collateral is valued, limits are tested, availability is calculated and cash is settled. This video follows that cycle through the five pillars of the Granite Pass Securitization Management System (SMS).
Data Ingestion: SMS connects directly into the client’s IT ecosystem and ingests files and databases as they are, with no manual rekeying. Every input, calculated value and execution is stored daily, so any movement can be explained by comparing two dates and tracing the difference to the input that drove it.
Collateral Engine: Each asset is allocated to exactly one financing, and every asset value is stored with its formula, labels, evaluated inputs and result, giving a complete calculation audit trail.
Concentration Limits: Every asset is tested against each series limit, then ranked by how many breaches its removal would clear, so the smallest cut restores compliance and every deduction stays traceable.
Borrowing Base Engine: Built for revolving master trust structures and configured rather than coded: create a variable and assign it to a level. Results carry through to Excel output with footnotes showing the logic behind every figure.
Waterfall Engine: Collections are allocated from the issuer collection account to each series, required balances are funded, and every movement writes a ledger record, making daily settlement straightforward and auditable so cash is put to work rather than held as negative carry.