Last updated on April 18, 2014 at 17:08 EDT

European DataWarehouse to Provide a Free Software Application for Preparing and Submitting ABS Loan-Level Performance Data

October 2, 2012

FRANKFURT, Germany, October 3, 2012 /PRNewswire/ –

The European DataWarehouse (ED) today announced that it will offer to all interested
parties a free software application that will help them prepare and submit ABS loan-level
data in compliance with the European Central Bank’s (ECB) ABS Loan-Level data
requirements. The application will provide a toolkit that will help companies with the
conversion of data from spreadsheets or flat text files into the XML format supported by
ED and conforming to the ECB defined ABS templates.

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Starting in December 2012, companies using ABS transactions as collateral under the
Eurosystem collateral framework will need to provide ABS loan-level data following the ECB
prescribed loan level data templates. For those companies using different file formats in
their internal systems, the free toolkit will significantly help reduce the time and
effort of mapping, translating, validating and communicating the ABS loan-level data. It
will allow companies to convert data into the XML format, pre-validate the resulting XML,
and compress and digitally sign the XML data file in prior to uploading the data to ED.
Should the file fail the pre-validation process the tool will provide a report summarizing
a sample of the error’s encountered thus providing the firm with the ability to correct
the errors prior to re-submitting the file to the European DataWarehouse.

“The new service will make providing loan-level performance data for ABS significantly
easier for any firm looking to post collateral under the Eurosystem collateral framework
and meet the ECB’s time frames for compliance with its eligibility criteria,” said Paul
Burdell, Managing Director, ED. “We thought this was important and could see that there
was a vital requirement for someone to develop an application that made it as simple as
possible to access ED”.

“This tool will facilitate the circulation of ABS data and further enhance disclosure
of key information for the entire European Economic Area”, said Fernando Gonzalez, Head of
Risk Strategy Section, European Central Bank.

Supporting high volume interactions, the stand-alone utility will transform data from
Bank of England or other ECB compliant spreadsheet templates into the XML templates
validated from ED. In addition, the tool will directly interact with the Application
Programming Interfaces for uploading the XML files to ED to help ensure fast, timely and
accurate communication.

The toolkit, to be developed by Sapient Global Markets, will utilise Microsoft.NET
technologies and feature an intuitive user interface. Initially the tool will support the
ECB RMBS and SME loan-level data templates with support for further templates to be
considered as they are made available by the ECB. The toolkit will be packaged with
installer and supporting documentation and will be deployable on PC desktops running
Microsoft Windows XP and Windows 7 operating systems.

The currently defined web interface and Application Programming Interfaces that have
been developed for the European DataWarehouse will continue to be available for firms that
want to directly submit XML formatted files conforming to the ECB defined templates.

Launch date for the toolkit is currently scheduled for the week commencing the 5th
November 2012 and will be freely available for download from its website at


        For further information and a schedule of upcoming events please visit


        or contact:

        European DataWarehouse
        Paul Burdell

        MHP Communications
        Andrew Jaques
        Ian Payne
        t: +44(0)203-128-8100



SOURCE European DataWarehouse

Source: PR Newswire