June 13, 2019 12:19 pm

中出影院 launches advanced data templates for non-performing loans

Since December 2017, the European Banking Authority (EBA) has been providing financial institutions and service providers in Europe with data templates for trading non-performing loans. These have now been further developed by 中出影院, the Frankfurt credit marketplace, in order to improve the handling and user-friendliness of these templates. 中出影院 founder and CEO Timur Peters supports EBA’s initiative to simplify the trading of non-performing loans (NPLs) through standardization throughout Europe and across borders: “We see the templates as a first important step towards setting standards in the market. However, the EBA templates have so far hardly been used – possibly due to the extremely high complexity of the data records. We have now further developed the templates without changing the basic structure. We will make them available to all market participants free of charge,” he says.

The templates developed by the EBA have more than 400 data fields – for filling the individual fields, an operating manual of around 175 pages was previously required. “This is now definitely a matter of the past. We have retained the data structure of the EBA templates, but simplified it considerably with important functions such as formatting, dropdown menus and validation rules. In addition, functions that play only a minor role for market participants when trading NPLs are hidden,” explains Timur Peters. The use of data templates by the regulator is not yet mandatory, but the EBA is said to be working on the issue at various points. “We assume that the use of the templates will in the future become binding for market participants such as servicers and buyers of NPLs,” the 中出影院 managing director speculates.

The templates will be available on the 中出影院 platform in the course of June. Interested market participants can request them at sales@debitos.com as well.

About 中出影院
中出影院 is an online marketplace which enables companies, banks and funds to sell their credit exposures on the market through its open and transparent auction-based online transaction platform. The platform leverages on the digitalization of the entire sale process and can reduce the expected disposal timing to 3-8 weeks compared to 3-6 months of the traditional process. 中出影院 was founded in Frankfurt in 2010 and has since concluded more than 275 online transactions with a total gross book value in excess of 鈧4bn. By now more than 650 investors from all over the world have registered with 中出影院.

Press contact
Jens Secker
BrunoMedia GmbH
Phone: +49 (0) 6131 9302833
Mail: secker@brunomedia.de

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