On 16 December 2010 the Governing Council of the European Central Bank has decided to establish loan by loan information requirements for asset-backed securities. The goal is to push for more transparency and make information available concerning the underlying loans and collateral. At first, the loan by loan requirements are introduced for RMBS but will be gradually applicable to other ABS in the future. The ECB believes that the new data requirements will help both investors and third-party assessment providers with their due diligence and help mitigate information-asymmetry. Ultimately, more transparency will help to restore confidence in the securitisation market. Therefore ECB states that the loan initiative aims to:

  • Improve transparency in ABS markets by requiring loan-by-loan information to be available and accessible to marketparticipants on an ongoing basis. This is considered necessary to revive the ABS markets
  • Facilitate the risk assessment of ABS as collateral used by Eurosystem counterparties in monetary policy operation.

The Dutch Securitisation Association (DSA) was established in October 2012 with the aim of promoting the interests of both issuers of and investors in Dutch securitisation transactions. Its ultimate objective is to create a healthy and well functioning market for Dutch securitisation transactions.

In response to the decline in market activity in the European securitisation market, the originators of Dutch RMBS transactions jointly started an initiative in 2010 to improve transparency and reduce complexity of Dutch securitisation transactions. This initiative has resulted in the introduction of a standard for Dutch RMBS transactions, in respect of both investor reporting and documentation. It is the intention that in the near future the standard is to be expanded to cover other asset classes as well.

Loanbyloan offers the following services:

  • Subscription Management, access is restricted to qualified users;
  • Dynamic authorisation levels, tailor made access per user for specific data;
  • Data Transfer for quick and secure bilateral data exchange of large data files;
  • Real-time data exchange with Central Banks;
  • Uploading of loan level data to the European Datawarehouse (including plausibility checks);
  • Audit trails on downloaded data;
  • Smart encryption technology on the loan level data to secure confidentiality;
  • Secure environment;
  • Compliance with SEC Rule 17g-5;
  • Compliance with SEC Rule 17g-7;
  • Data feed to Dutch Securitisation Association portal;
  • Dutch Securitisation Association compliant investor reports.
For further information please contact us at info@loanbyloan.eu.

Loanbyloan.eu makes use of an AES 256 bit (Rijndael) encryption. This encryption method is used throughout the world and is seen as a “secure” method. This encryption method – opposed to hashing algorithms, also ensures the ability to decrypt the data. When using the same encryption key the AES method also produces a specific result for each loan ID.

Each reporting entity maintains a private set of encryption keys. This ensures that different reporting entities cannot decrypt other ones report.

Loanbyloan.eu uses a combination of the Hypertext Transfer Protocol with the SSL/TLS protocol to provide encrypted communication and secure identification of the network web server. This ensures reasonable protection from eavesdroppers and man-in-the-middle attacks.

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