Financial Technology Office™ for Distressed DebtLoan and debt calculation software for your ASC 310-30 portfolio |
In today’s environment of bank failures and consolidations, it is essential to have information systems to consolidate and monitor regulatory, accounting and management reporting data. Deloitte’s Financial Technology Office delivers state-of-the-art products for this market sector.
LDC Suite™
LDC Suite™ can handle the complexities of American Institute of Certified Public Accountants (AICPA) Statement of Position (SOP) 03-3 (as codified ASC 310-30), as well as the reporting needs for loss sharing with the Federal Deposit Insurance Corporation (FDIC). Based on a solid, proven software technology and employed at a variety of banks (some of which had the largest bank acquisitions of 2009), LDC Suite™ helps our clients face the enormous challenge of properly accounting for their pools of distressed acquired loans. Data from servicing systems can be automatically pulled into LDC Suite™ to produce 03-3 specific reports as well as extract files to send to the FDIC for loss sharing and position reporting. LDC Suite™ also seamlessly shares data with Deloitte’s ABS Suite™, which can be used for cash flow expectation generation and, with TARDI™, for the tax implications of distressed loan portfolios.
With LDC Suite™, you can:
- Track individual loans within pools and/or outside of pools
- Track multiple acquisitions independently
- Calculate accretion yield and carrying amount from a set of expected cash flows
- Determine impairment, yield changes and recovery of impairment when expectations change
- Track the terms of loss share agreements
Other features include:
- Loan-level loss calculations, certificates and data files for submission to FDIC
- Forward accretion projection, roll forward of accretable yield and carrying amounts, roll forward of book value for loans and other reports
- Built on leading industry standard technology platforms
- Continually enhanced to meet changing market needs
- Prompt and knowledgeable global support resources
ABS Suite™
ABS Suite™ can be integrated as a complement to LDC Suite™, offering powerful and flexible cash flow modeling functionality for the multiple forecasting needs of a distressed debt investor.
With ABS Suite™, you can:
- Create and save scenarios at the pool, rep line or loan level
- Handle all loan types
- Specify default rates, prepayment methodology and speed, recovery lag and other forecasting parameters
- View and save cash flow expectations on the fly
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