Welcome to the Release of SecureHub 2024R1!

We're excited to announce the latest enhancements and features in SecureHub 2024 Release 1 (2024R1). Our continuous efforts are aimed at enriching the functionality and capabilities of SecureHub  to provide its users with industry-leading software for Structured Finance and Securitization. Below are the key updates included in this version:

General UI Enhancements: Fresh aesthetic features added for an improved system design, enhancing both the look and usability.

Asset-Backed Commercial Paper:

CP Deals:

• SecureHub CP Deals now allow for configuration and automation of complex hierarchical commitments in single or multiple currencies. The introduction of this feature will enable accounting and invoice automation for aggregate commitment enforcement and used/unused fee computations along with configurable currency exposure revaluation. This feature will allow conduit sponsors to offer clients more flexible, multi-jurisdictional lending programs under the umbrella of a single commitment, while still achieving 100% operational automation within SecureHub.
• Upgrades to Excel plugins for financial statements.
• The Excel plugin now includes a new 'Deal' parameter that allows users to produce balance sheet and income statements at a granular deal-by-deal level , enhancing the precision and efficiency of financial reporting directly from SecureHub.
• Additional metadata fields have been added to loan facility configurations (CP Programs) to allow for greater customization by end-users. New Fields such as 'Risk Factors', 'Legal Constraints', and 'Market Conditions' can be configured, offering users the ability to tailor CP Programs to better meet regulatory requirements and market demands.

CP Trade:

• CP Trade File Import: Introduction of standard file imports for CP trades to simplify data ingestion processes.
• Funding and Allocations: Enhanced auto-allocation features and validation of funding group assignments and selected COF methodology.
• Interest Period Validation: Improvements to prevent finalizing trades without calculated interest periods, enhancing accuracy and compliance.

Accounting:

• Introduction of new posting event classes for instruments.
• Multiple enhancements in CP Deal accounting configurations and FX revaluations.

Configuration and Analytics:

• New data fields, reports, and improvements in analytics’ visuals and functionalities to better support decision-making processes.

Engine Module Enhancements:

• Further streamlined for more efficiency and flexibility with the addition of Formula Preview and a robust Failed Formula Workflow that allows continued processing when a formula fails.

Journals Refactoring:

• The Manual Journals process has undergone significant refactoring. We've introduced a more streamlined and intuitive user interface with significantly improved functionality to simplify creating, managing, and reviewing journal entries, allowing for batch operations, approval controls, and improved tracking/auditing.

Staging Table Framework:

• The new As-At-Date Staging Table Framework significantly enhances the performance of SecureHub, making it quicker and more efficient for users to search assets and execute engine processes. This update streamlines data handling, allowing for rapid access and smoother operations, which means less waiting time for users and more time focusing on critical business decisions. This improvement is particularly beneficial in managing and analyzing large volumes of financial data, ensuring that your workflows are faster and more consistent.

New Regulatory Reporting:

Introduction of new reporting features to meet compliance requirements:

• ESMA ANNEX 2 Extract: Enables customized data extraction in .XML and CSV formats.
• BOE Loan Level Data Reporting: Supports reporting for Residential Mortgage Pools, allowing for the submission of required data in line with BOE regulations.



For a complete list of all the updates, please refer to the detailed Release Notes provided by your TAO Solutions Account Manager.