Enterprise Asset Value Evaluation (EAVE)
Third Pillar's enterprise residual and collateral pricing and management system provides a flexible way to manage and evaluate collateral and residual exposure across a commercial portfolio, and the data to back up the positions.
Most leasing and lending organizations rely on individual expertise to value residual and collateral for commercial transactions, using a combination of email and spreadsheets for documentation. Our clients are driving the need for a more workflow and system driven process to measure and manage residual and collateral exposure and risk and to help meet the Sarbanes-Oxley and Basel II requirements.
With increased scrutiny of residual exposures and collateral positions from auditors and regulators, EAVE offers a flexible method of managing and measuring the assets that represent risk to a financial institution's balance sheet.
EAVE meets financial institution enterprise needs by providing:
- Residual or collateral valuation requests by sales people using any web browser.
- Request management and logging - and the documents and data for those requests - using a business configured, defined workflow process.
- Ability to provide a residual valuation response to the requestor.
- Automatically by the system based on user defined configurations.
- Based on a response by an asset management professional.
- Collection and management of residual value data in a well-structured, fully- indexed database.
- Reporting and analysis capabilities on the residual valuation process.
- Dynamic creation of asset hierarchies and attributes, as well as costs associated with those assets and hierarchies.
- Association of like models with different model names (geographically different names based on similar model numbers).
- Dynamic creation of multiple formulas to support calculation of residual/collateral valuation throughout the asset lifecycle.
- Electronic links to other leasing origination and booking systems.
|
|
What is EAVE?
EAVE provides a systematic, data-driven framework for determining residual and collateral values, helping a lending organization comply with Basel II capital reporting requirements.
EAVE product collects detailed information on the assets that are the collateral/residuals for your commercial leases and loans, providing the data necessary for Loss Given Default (LGD) calculations at any time during the loan/lease lifecycle, essentially providing the ability to mark a loan or lease portfolio to market.
|
|
