Disclosure iRooms for Structured Finance issuers
New transparency requirements - How iRooms can help issuers of Structured Finance and Covered Bonds
In a move towards greater transparency, the SEC, EU, Committee of European Banking Supervisors and the Bank of England are imposing new requirements on issuers of Structured Finance and, in some cases, Covered Bonds.
The CEBS's Article 122A, BofE's Repo Eligibility Requirements, EU draft Article 8A and SEC rule 17g-5 impose a variety of disclosure requirements. While these requirements are aimed at potentially different audiences, from Investors to Rating Agencies, their purpose is uniform: to provide greater accessibility to detailed information, made available via a secure, password-protected website.
How can Issuers comply in a timely manner and in compliance with local data protection laws, without providing multiple websites for different requirements or incurring considerable costs?
iRooms provides a permanent, flexible and efficient solution, enabling you to share confidential information within a totally secure virtual environment.
Intuitive and easy to use, iRooms allows issuers to upload and organise documents from any location, at any time, making them instantly accessible to all authorised users around the clock. A dynamic and structured Index ensures easy navigation and access.
iRooms' graphical reporting provides a quick summary and audit trail of which documents have been reviewed by each user. Additionally iRooms' advanced, 'best in class' Q&A provides a unique online mechanism to capture communications between the issuer and rating agencies. iRooms is the only leading virtual data room with hosting in Europe and the USA, making sure your confidential Structured Finance data is hosted in the relevant legal jurisdiction and covered by the respective local data protection laws.
The creation of user access is strictly controlled 24/7, giving issuers peace of mind that granting access to authorised rating agencies is both easy to apply and rigorously secure. What's more, access is further controlled at folder and document levels and preferences can easily be set to allow or prevent document printing, forwarding or saving. Advanced restrictions including dynamic watermarking are also available for enhanced protection.
iRooms provides you with:
- Unlimited file storage capacity
- The highest levels of service in the market, available 24/7 including:
- Help and assistance structuring your Index, capturing / organising your documents and data
- Initial build and ongoing project management, ensuring your iRoom can be created in the shortest timeframe and best structure possible - Fast and easy file upload and management
- Advanced search functions including full text, date and tagged searches
- 18 file types supported including voice recorded wav files
- Full ISO/IEC 27001:2005 security accreditation, the highest in the industry
- Real-time, online graphical reporting by user and 'best in class' Q&A management
- Full iRooms content replication to DVD provides a permanent record for Compliance