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Digitalising structured finance operations
Last month saw the 2022 Global ABS conference come to a close, one of the largest in its 26-year history. HSBC, as a Partner Sponsor of the conference, recaps on some of the trends observed around the digitalisation of operations.
Last month saw the 2022 Global ABS conference come to a close, one of the largest in its 26-year history with just over 4,400 delegates in attendance, a strong indicator of the vibrancy of the structured finance market in Europe, post-COVID.
HSBC as a Partner Sponsor of the conference highlighted how its Issuer Services arm is continuously innovating its approach to support structured finance clients who have an increasing need for transparency and reporting to efficiently manage their portfolio of transactions.
Technology is an ally in enhancing our structured finance clients’ experience across private and public deals, asset classes and jurisdictions.
“We understand that digital plays an important part in helping clients manage their transactions more effectively. We are constantly looking at ways to facilitate our clients’ operational and administrative tasks, many of them have become mandatory from a regulatory perspective. That’s why we have developed a comprehensive suite of analytical services designed to automate and streamline some of these manual processes, while bringing more transparency and efficiency to the management of their transactions”, says Garyfalia Leledaki, Director, Issuer Services Europe.
The power of data in cash management operations
HSBC’s mobile-enabled Investor Reporting Portal launched in 2020 and includes a number of features designed to aid the delivery of end-to-end cash management services and seamless data sharing for structured finance transactions.
“Our clients are increasingly seeking strategic, complex data from their providers such as HSBC. Our dedicated analytics team is here to address this need. Our analysts specialise in data modelling and provide advanced calculation services tailored to our clients’ transactional needs, including complex cash-flow modelling, collateral file processing and portfolio verification”, says Jason Bond, Head of Issuer Services Analytics.
Taking reporting to the next level
Another key aspect of data for clients is around reporting requirements. For European and UK clients, ESMA and FCA reporting are important regulatory obligations that need to be delivered to deadline, in technical formats. HSBC utilises dedicated technology to support clients with the preparation of these reporting templates. In addition, the team proactively monitors updates on certain aspects of regulation reporting (e.g. templates), thus being better equipped to promptly enhance its tools to align to new requirements.
Our clients are increasingly seeking strategic, complex data from their providers such as HSBC. Our dedicated analytics team is here to address this need.
“We support clients with both FCA and ESMA reporting, helping them efficiently prepare and submit the technical annexes to meet their regulatory obligations. These templates are produced in a validated XML format, ready for loading directly to the Securitisation Repositories (SRs). We also proactively keep our clients up to date with the evolving ESMA and FCA reporting requirements,” says Bond.
Simplifying transactions through technology
Using HSBC’s technology, information sharing is also made easier along with seamless access to data. The user-friendly portal is compatible with smartphone and tablet technology so that clients can access their information on-the-go. It allows them to remotely download documents, undertake bespoke searches and receive notifications about activity across their portfolios.
“We are continually investing in data and technology. Our approach is to work with clients on further enhancements and connectivity, exploring how we can integrate our technology with theirs and other market participants. For instance, we can develop tailored APIs that deliver reporting and data to clients and transaction counterparties without the need for multiple logins and downloads”, says Bond.
“Technology is an ally in enhancing our structured finance clients’ experience across private and public deals, asset classes and jurisdictions. Our dedicated cash management proposition is the result of our continuous effort to provide HSBC clients with holistic, adapted services, supported by analytics specialists and the latest technology”, says Garyfalia Leledaki.
To find out more about our Issuer Services capabilities:
- Visit our website: www.gbm.hsbc.com/issuer-services
- Follow us on LinkedIn HSBC Global Banking and Markets
- Contact us: Asia – isvhkbd@hsbc.com.hk; Europe – issuer.services.europe@hsbc.com;
Americas – isvusbd@us.hsbc.com; Middle East: isvmenatbd@hsbc.com
To find out more about HSBC Issuer Services:
- Visit our website: www.gbm.hsbc.com/issuer-services
- Follow HSBC Global Banking and Markets on LinkedIn
- Contact us: Asia – isvhkbd@hsbc.com.hk; Europe – issuer.services.europe@hsbc.com;
Americas – isvusbd@us.hsbc.com; Middle East: isvmenatbd@hsbc.com
