Handle more. Move faster. Get more accuracy
For calculation agents and servicers managing ABS, SRT, CLO, and covered bond mandates. iconicSecurities runs waterfall calculations, replenishment, and investor reporting across every client simultaneously and everything is auditable, distributable, and on time.
Calculation agents and servicers across Europe run their mandates on iconicchain.
Top 3
EU bank
Top 5
US bank
Leading int’l multilateral bank
The challenge
The mandate volume is growing. Manual processes can’t keep pace.
Manual waterfall calculations don’t scale. Payment dates don’t move. As mandate volume grows, the same calculations run more times, in less time, with higher stakes on every output. One error is a client dispute. A pattern of errors is reputational damage.
Operational errors create liability. A miscalculated waterfall or a late investor report isn’t an internal problem. It’s a client problem. In securitization, every output you produce carries your name and your SLA and legacy tooling wasn’t built to hold that standard at scale.
Headcount growth is not a sustainable answer. Hiring freezes are a structural reality. The calculation agents winning new mandates today are the ones building operational leverage into their platforms — not the ones adding analysts to cover the same manual work.
The answer
The platform that runs the operational work across every mandate.
As a calculation agent or servicer, you configure each client’s waterfall in iconicSecurities, run it automatically across every mandate and execute calculations, replenishment, and reporting in parallel on every payment date.
Waterfall calculations across all mandates simultaneously. Configure each client’s waterfall once. iconicSecurities executes it automatically on every payment date across all active mandates at the same time. Results in minutes. Every step logged.
Audit-ready outputs that survive investor scrutiny. Every waterfall step, every replenishment, every report is immutably recorded. When a client or investor questions an output, you have the complete data set such as timestamp, user action, calculation result ready immediately.
Direct distribution within the platform. Investor reports are generated and distributed from a single platform, regardless of the number of clients or deal types. No manual intervention between calculation and delivery. Configurable channels per client.
Platform Capabilities
Built for calculation agents running multiple mandates.
iconicSecurities runs the full operational lifecycle across every mandate on one platform. These are the capabilities that make it work at scale.
Run waterfall calculations simultaneously across all active mandates. Each client’s waterfall is configured independently with its own logic, tranche structure, and step order. Execution is parallel as payment date operations do not require sequential processing across clients.
For revolving transactions, iconicSecurities evaluates incoming assets against configured eligibility criteria and executes replenishment automatically. Portfolio compliance is tracked in real time. Every replenishment result is logged and auditable.
Investor reports are generated automatically on each payment date in the format configured for each client. Distribution to investors, trustees, and rating agencies runs directly within the platform. No manual file handling between calculation and delivery.
Every waterfall step, pool change, and report distribution is recorded with full data sets, timestamps, and user records. Historical data is retained even when a waterfall is corrected or reverted. Audit-ready at all times, no need to assemble on demand.
Run multi-scenario forecasts across expected waterfall outcomes, portfolio behavior, and credit facility performance. Simulation results can be compared across scenarios and used in pre-close advisory conversations with clients before deal structures are locked.
ESMA Annex 2, 4, 5, and 12; CoRep (13, 14, 14.1); ECB reports; and custom report formats are generated automatically. Mandatory disclosure is produced and distributed without manual intervention from the calculation agent.
“We are very excited to see this innovative transaction wrapped up so successfully. It’s extremely important to us strategically as well.”
Marcus Kramer
Chief Risk Officer, Bayerische Landesbank
Getting started
A predictable path from signature to first mandate live
Live in as little as 90 days
Configure, integrate, and activate your first mandate within 90 days. A fixed implementation path from contract signature to first payment date with the operational pieces handled in parallel.
Light IT footprint
Work alongside iconicchain specialists who’ve structured and run these transactions before. The know-how is in the platform and you get support for the questions the platform can’t answer alone.
Predictable cost
Subscription pricing scales with the mandates you run. The unit economics are set before mandate one and stay consistent as you grow the book. No per-transaction surprises.
See how it runs across mandates.
Tell us the deal types and mandate volume you’re managing. We’ll show you how iconicSecurities runs the operational work like waterfall, replenishment, reporting, and distribution across all of them simultaneously.
Secure and IT department friendly.
Implementation in 3 months. Our engineering team handles the integration, yours signs off.
ISO 27001 and end-to-end encryption. Zero data ever leaves your jurisdiction.
Cloud or on-premise. REST APIs and webhooks, our engineers lead the integration.
FAQ
Questions we get asked often
Yes. iconicSecurities supports multiple organizations under a single installation. Each organization has its own configured waterfall, pool, and reporting setup. Calculations run in parallel across all active mandates and every output is client-specific, auditable, and distributable directly from the platform without manual intervention between clients.
Synthetic and true sale ABS, SRT capital relief structures, covered bonds, CLOs, revolving and term transactions. If a deal type has a waterfall, the platform can run it. New asset classes including renewable energy, data center ABS, and trade finance receivables are supported.
Every waterfall step, every replenishment decision, and every report distribution is immutably recorded with full data sets, timestamps, and user records. If a client or investor disputes a calculation, the complete record is immediately available. Historical data is retained even when a waterfall is corrected or reverted so the original calculation is never overwritten.
New mandates can be configured and activated without requiring a full implementation cycle. The platform is designed to absorb new mandates within your existing installation. The first mandate follows the standard 90-day implementation path; subsequent mandates are faster.
Yes. ESMA Annex 2, 4, 5, and 12; CoRep (13, 14, 14.1); ECB reports; and custom formats are generated automatically on each payment date. Mandatory disclosure is produced without manual intervention from the calculation agent.
The IT domain of iconicSecurities handles scheduled and on-request data exchange with your existing fund administration, banking, and custodian systems. Imports and exports run on a configured timetable. The platform is built to connect to the stack you already run on.