R&R Consulting » RR Consulting

It’s a Bird… It’s a Plane… It’s –

admin — Sat, 13 Dec 2008 13:52:00 +0000

…R&R’s site traffic! Google Analytics’ site statistics and benchmarking software indicates that our site is outperforming other small business Web sites on a number of dimensions:

Bounce Rate = 42.30% [vs. 56.42% in peer Web sites]
Visit Depth (Pages/Visit) = 3.5 [vs. 1.48]
Avg. Time on Site = 2:52 [vs. 0:05]
(Numbers are from Dec 1st.)

This trend has remained remarkably stable over time:

Bounce Rate = 40.39% [vs. 55.21% in peer Web sites]
Visit Depth (Pages/Visit) = 3.49 [vs. 1.52]
Avg. Time on Site = 3:17 [vs. 0:07]
(Numbers from October, after the launch of our Web site redesign)

We strive to put engaging, informative content in our Web site. We’re happy to know that it has resonated with many of you, and greatly appreciate your time and your interest in discovering who we are and what we are about.

As a small company made up of people who believe in the meeting of minds, R&R values each and every one of your opinions. Our comment moderation policy exists solely for the purpose of filtering out spammers and vandals, and we will never censor or exclude any of the thoughts you choose to share with us.

So, if there are things that have struck you on our Web site or blog, we invite you to comment and let us know. We hope to hear from more of you in the future.

— Roanna Kong, Webmaster

Data integration expert Frank DeRose asks R&R and reader views on MTM suspension…

admin — Mon, 29 Sep 2008 15:13:00 +0000

What do you make of the provisions (draft bailout bill 132, 133) authorizing the SEC to suspend mark-to-market (MTM)?

Do you think they will exercise this authority? What’s the buzz on the Street? Would suspension just create more confusion and uncertainty?

Also, a study of mtm should prove interesting. Even the mere call for the study would seem to provide justification for giving less weight to market inputs in determining fair value. I expect a slew of guidance from the auditing profession and the SEC.

- Frank DeRose

R&R Structures $150 Mln Film Securitization for Tunisian Co.

admin — Tue, 16 Sep 2008 21:44:00 +0000

Tunisian asset manager Finaud Capital Management is preparing a $150 million film securitization. The Maghreb Media Buyout Bridge Fund aims to give independent filmmakers more access to funding, minimize investor risk and encourage film production in the Maghreb region, which includes Tunisia, Algeria, Morocco, Libya and Mauritania. “This transaction will change how independent films are financed and encourage Middle Eastern directors to make more relevant films,” said Sylvain Raynes, principal at New York-based R&R Consulting, which is structuring the deal.
Total Securitization, September 15, 2008

The Revolution Will Not Be Televised

Stacy Mosher — Sat, 12 Jul 2008 18:42:00 +0000

“A trio of economists are talking to packed houses about the grim future of Fannie Mae and Freddie Mac, the causes of the credit crisis, and the failings of ratings agencies.

Sylvain Raynes, Joshua Rosner, and Christopher Whalen are the power trio that has come to personify today’s collapsing capital markets…

“Raynes, a 51-year-old former Moody’s employee, formed R&R Consulting with his partner, Ann Rutledge, in 2000 to do what Moody’s and other rating agencies seemingly cannot: Decode the creditworthiness of structured securities.”

Katie Benner, “Prophets of the credit crisis”, Fortune, July 11, 2008.

New! R&R CDS Valuation Engine: CDSMetrics

admin — Mon, 13 Aug 2007 14:54:00 +0000

R&R Consulting will launch a CDS of ABS valuation engine, CDSMetrics. This includes CDS contracts written on individual tranches of RBMS transactions.

CDSMetrics is a web-enabled application successfully used by hedge fund clients of R&R to value CDS of RMBS contracts. CDSMetrics uses a loss distribution in concert with Monte Carlo simulation to generate a sequence of loss scenarios that drive the modeling of returns to the CDS buyer.

In real time, the analyst can play with the 24 parameters of the model and display the cash flows, to analyze the value behavior of the deal’s structure. An automated calibration phase sets the loss and prepayment variables to the actual dollar-space cumulative loss and prepayment histories of the individual transactions being considered.

“CDSMetrics incorporates the nonlinear dimension of credit losses where relative value lurks. This is an aspect of CDS valuation that traditional contingent-payment models ignore,” said Sylvain Raynes, R&R principal.

CDSMetrics’ project management feature allows the analyst to value a diversified portfolio of CDS contracts with one click. The final PDF report (on one contract or a portfolio) is automatically generated and includes all the statistics and charts required to be able to assess the risk of each CDS contract.

In the final report one finds, among others, the following items: write-down amounts, average expenses and revenues, internal rates of return, best scenarios, net present value, cumulative gross losses and other vital deal statistics.

Please contact info@creditspectrum.com or call 1-212-867-5693 to obtain more informations on this product.

David ABITBOL