The Waterfall Editor© is a flexible and extensible solution for liability cash-flow modeling. As structurers invent new liability features, users of the Waterfall Editor© can invent new cash-flow relationships with its user-friendly interface. From planned amortization classes to optimum balance calculations, the Waterfall Editor©’s extreme flexibility offers complete control over the creation, testing, and integration of a waterfall of cash distributions.
The Waterfall Editor© can generate an Excel-viewable cash-flow spreadsheet. Variables and accounts from both the asset model and the Waterfall Editor© can be viewed here. The analyst can use this data to make calculations such as tranche’s average life and reduction of yield.
Modeling a real deal using the Waterfall Editor© (ppt)
Waterfall Editor - Principal Allocation
The Waterfall Editor© can export the structure into a standard XML file and then you can build standard bridges to your own software. It was carefully designed by expert software engineers to maximize portability and ease of integration. The code and interface are fully documented with tutorials, reference materials and demos.
Waterfall Editor - The Sequencer
The Waterfall Editor© is a unique opportunity to finally authoritatively answer the question of how to model complex liability structures.
Waterfall Editor - Exporting the Cash Flow