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LOAN TAPE ABS PRE-ISSUANCE
10X Faster Tape Preparation
10X Faster Tape Preparation
How Elimentary cuts loan-tape preparation from 3 weeks to 2 days
How Elimentary cuts loan-tape preparation from 3 weeks to 2 days
How Elimentary cuts loan-tape preparation from 3 weeks to 2 days
How a leading digital lender automated ABS loan-tape readiness using Elimentary
How a leading digital lender automated ABS loan-tape readiness using Elimentary
OVERVIEW
A leading emerging-market digital lender originating 30,000+ personal loan disbursals monthly ran a quarterly ABS securitisation programme. Preparing a clean, sponsor-ready loan tape for each issuance required 3 weeks of manual data engineering across field normalisation, eligibility validation, stratification analysis, and submission packaging, compressing marketing windows and tying up scarce technical resources before every deal. Elimentary automated the full pipeline, turning tape submission into a 2-day non-event across 4 consecutive quarters.
A leading emerging-market digital lender originating 30,000+ personal loan disbursals monthly ran a quarterly ABS securitisation programme. Preparing a clean, sponsor-ready loan tape for each issuance required 3 weeks of manual data engineering across field normalisation, eligibility validation, stratification analysis, and submission packaging, compressing marketing windows and tying up scarce technical resources before every deal. Elimentary automated the full pipeline, turning tape submission into a 2-day non-event across 4 consecutive quarters.
CHALLENGE
A quarterly ABS issuance requires a fully validated, sponsor-ready loan tape covering 30,000+ rows across 80+ fields, plus stratification reports for the rating agency and the institutional fund. Three weeks of manual preparation before every deal was unsustainable.
A quarterly ABS issuance requires a fully validated, sponsor-ready loan tape covering 30,000+ rows across 80+ fields, plus stratification reports for the rating agency and the institutional fund. Three weeks of manual preparation before every deal was unsustainable.
01. ORIGINATOR DATA HETEROGENEITY
01. ORIGINATOR DATA HETEROGENEITY
Field names, data types, and loan classifications varied across originators and data vintages. Every quarter, analysts rebuilt the mapping from originator format to the institutional fund's target schema from scratch, with no version control and no reuse across deals.
Field names, data types, and loan classifications varied across originators and data vintages. Every quarter, analysts rebuilt the mapping from originator format to the institutional fund's target schema from scratch, with no version control and no reuse across deals.
02. ANALYTICS PREPARATION BURDEN
02. ANALYTICS PREPARATION BURDEN
Rating agencies and institutional funds require detailed stratification tables covering LTV distribution, geographic concentration, seasoning buckets, coupon bands, and borrower credit profiles. Building these manually from 30,000+ loan records consumed a week of analyst time before any due diligence conversation could begin.
Rating agencies and institutional funds require detailed stratification tables covering LTV distribution, geographic concentration, seasoning buckets, coupon bands, and borrower credit profiles. Building these manually from 30,000+ loan records consumed a week of analyst time before any due diligence conversation could begin.
03. DEAL TIMELINE PRESSURE
03. DEAL TIMELINE PRESSURE
Three weeks of tape preparation compressed the marketing window for each deal, increased pricing uncertainty, and created a recurring all-hands crisis before every issuance date that diverted the entire technical team.
Three weeks of tape preparation compressed the marketing window for each deal, increased pricing uncertainty, and created a recurring all-hands crisis before every issuance date that diverted the entire technical team.
SOLUTION
Elimentary deployed three specialist AI agents: one to normalise originator data to the institutional fund's schema, one to generate sponsor-ready pool analytics and stratification reports, and one to validate the final tape and package it for submission to the rating agency and fund.
Elimentary deployed three specialist AI agents: one to normalise originator data to the institutional fund's schema, one to generate sponsor-ready pool analytics and stratification reports, and one to validate the final tape and package it for submission to the rating agency and fund.
01. ORIGINATOR DATA NORMALISATION AGENT
01. ORIGINATOR DATA NORMALISATION AGENT
Ingests raw loan data from the originator's systems, maps every field to the institutional fund's target schema, and applies deal-specific transforms and classification rules. The mapping is built once per originator and reused across subsequent deals, with automatic handling of field name variants and data type differences across vintages.
Ingests raw loan data from the originator's systems, maps every field to the institutional fund's target schema, and applies deal-specific transforms and classification rules. The mapping is built once per originator and reused across subsequent deals, with automatic handling of field name variants and data type differences across vintages.
02. STRATIFICATION AND ANALYTICS AGENT
02. STRATIFICATION AND ANALYTICS AGENT
Runs the full portfolio analytics suite against the normalised loan pool: LTV distribution, geographic concentration, seasoning buckets, coupon bands, and borrower credit score profiles. Produces stratification reports in the format required by the rating agency and the institutional fund, and flags concentration limit breaches and eligibility concerns.
Runs the full portfolio analytics suite against the normalised loan pool: LTV distribution, geographic concentration, seasoning buckets, coupon bands, and borrower credit score profiles. Produces stratification reports in the format required by the rating agency and the institutional fund, and flags concentration limit breaches and eligibility concerns.
03. DEAL VALIDATION AND SUBMISSION PACKAGER
03. DEAL VALIDATION AND SUBMISSION PACKAGER
Runs pre-submission eligibility checks against the deal's concentration limits and target pool criteria, flags any records requiring remediation before the tape is locked, and generates the final submission package including the stratification tables, eligibility summary, and data dictionary, in the exact format required by the rating agency and institutional fund.
Runs pre-submission eligibility checks against the deal's concentration limits and target pool criteria, flags any records requiring remediation before the tape is locked, and generates the final submission package including the stratification tables, eligibility summary, and data dictionary, in the exact format required by the rating agency and institutional fund.
RESULT
10X Faster Tape Preparation
10X Faster Tape Preparation
Preparation time dropped from 3 weeks to 2 days, freeing the deal timeline, eliminating the pre-issuance crunch, and restoring the marketing window to its full intended length.
Preparation time dropped from 3 weeks to 2 days, freeing the deal timeline, eliminating the pre-issuance crunch, and restoring the marketing window to its full intended length.
94% First-Pass Normalisation
94% First-Pass Normalisation
94% of loan records mapped cleanly to the fund's target schema on the first automated run. The remaining records were triaged and resolved within hours rather than days.
94% of loan records mapped cleanly to the fund's target schema on the first automated run. The remaining records were triaged and resolved within hours rather than days.
0 Deal Delays
0 Deal Delays
No loan-tape quality issue caused a deal delay across 4 consecutive quarterly ABS issuances. Tape submission became the fastest step in the deal process.
No loan-tape quality issue caused a deal delay across 4 consecutive quarterly ABS issuances. Tape submission became the fastest step in the deal process.
TESTIMONIAL
"Our ABS programme used to be bottlenecked by data operations. Elimentary made loan-tape submission a non-event. What took three weeks now takes two days, and the quality bar went up."
"Our ABS programme used to be bottlenecked by data operations. Elimentary made loan-tape submission a non-event. What took three weeks now takes two days, and the quality bar went up."
Head of Structured Finance
Head of Structured Finance
LEADING DIGITAL LENDER
LEADING DIGITAL LENDER
© 2026 Elimentary. All rights reserved.
© 2026 Elimentary. All rights reserved.
© 2026 Elimentary. All rights reserved.