Pool. Tranche. Distribute. Repeat.
Structured-finance infrastructure for Indian banks and NBFCs entering the CLO market.
CortexData CLO is a structured-finance back-office for pool formation, tranching, waterfall execution, and investor reporting — designed for treasury and structuring teams at Indian institutions exploring CLO issuance and managed-pool strategies.
- Pool formation with configurable eligibility + composition rules
- Senior / Mezzanine / Subordinate / Equity tranching with priority waterfall
- Geographic + sector diversity metrics, weighted-average rating + maturity
- Investor onboarding, suitability gating, beneficial-interest register
- Live performance tracking + investor reporting pack generation
- Composable with CortexData PTC and LMS for full loan-to-investor lifecycle
- 01Pool formation with configurable eligibility + composition rules
- 02Senior / Mezzanine / Subordinate / Equity tranching with priority waterfall
- 03Geographic + sector diversity metrics, weighted-average rating + maturity
- 04Investor onboarding, suitability gating, beneficial-interest register
The structured-finance engine, not the spreadsheet.
CLO desks at Indian banks have historically run on Excel + ad-hoc Python. CortexData replaces that stack with a deterministic, versioned, auditable engine — without removing the modelling flexibility your structurers need.
Pool formation
Configurable pool composition (target size, sector, geography, vintage). Eligibility filter at loan-level. Pool snapshotting for warehouse-vs-issued comparison.
Tranching engine
Senior / Mezzanine / Subordinate / Equity structures. Configurable rating-tied spreads. Cash-flow waterfall priority-of-payment as code.
Risk metrics
Geographic diversity index, sector concentration, weighted-average rating, weighted-average maturity, prepayment-rate projection.
Pricing models
Tranche pricing by rating-tied spreads, scenario-based stress (default rate × recovery × prepayment), break-even and IRR analysis.
Investor management
Investor onboarding, suitability gating, allocation workflow, beneficial-interest register. Per-investor cash-flow position computed at every payment cycle.
Performance tracking
Live pool performance (collection efficiency, default, prepayment, recovery) feeding tranche-level cash-flow projections vs. actuals.
Compliance + reporting
Investor reports, regulator disclosures, trustee oversight workflow. Audit pack ready for RBI / SEBI inspection.
Trading + secondary
Secondary market support: trade booking, transfer of beneficial interest, settlement reconciliation, investor portal updates.
Cash-flow event handling
Disbursement, repayment, prepayment, default, recovery — every event runs through the waterfall and updates investor positions atomically.
Regulatory framework
| RBI directive / framework | CortexData implementation |
|---|---|
| RBI Master Direction — Securitisation of Standard Assets (Sept 2021) | Pool eligibility, MRR / MHP enforcement, tranching constraints, true-sale verification (shared with PTC module) |
| SEBI (LODR) for listed CLO instruments | Disclosure cadence, related-party flagging, material-event notification, half-yearly statement |
| RBI Resolution Framework — for restructured underlying loans | Restructured-loan eligibility flag flows through to pool composition; waterfall handles restructured cash-flows |
Frequently asked questions
Structuring a CLO? Let's design it together.
We're actively partnering with banks and NBFCs on first-CLO issuances. Bring your pool and target structure — we'll model it on CortexData and walk through the full waterfall behaviour.