Bloomberg has announced the launch of its Collateralized Loan Obligations (CLO) Data solution, described as delivering comprehensive, high-quality and normalised reference datasets for CLO market participants.
Available for use across the enterprise through Bloomberg Data License, the firm writes that the solution includes loan-level data that gives clients access to insights on every loan held within a CLO portfolio, and can be seamlessly combined with Bloomberg’s regulatory, risk, and sustainability data, and pricing and analytics for deeper analysis.
The new solution aligns with CLO data available on the Bloomberg Terminal via functions such as LLD<GO> and CPR<GO>, supporting consistent workflows across enterprise and desktop environments.
It is also accessible via Bloomberg Query Language (BQL), and Bloomberg plans to make this structured reference and loan-level data available in ASKB, the Bloomberg Terminal’s new conversational AI interface, enabling customers to screen CLO collateral, compare key collateral characteristics, and conduct cross-deal analysis. Over time, ASKB is also expected to incorporate insights from offering documents, allowing users to evaluate key deal terms alongside the underlying collateral.
Bloomberg’s CLO Data solution provides CLO coverage with detailed structure and underlying loan-level collateral data across global markets.
“Customers can access security master data as well as other key information such as identifiers, payment information and deal structures, and advanced data points including coverage tests and tranche level performance indicators. The data supports workflows including deal and tranche discovery, cross-deal analysis, cash-flow modeling, risk assessment, performance analysis, security master maintenance and lifecycle tracking.
“While the CLO market has grown significantly in size, complexity and global reach, the supporting data infrastructure has not consistently kept pace. Information remains fragmented across offering documents, trustee reports, dealer runs and other proprietary systems, making it challenging for market participants to maintain a consistent, timely view of the market.”
“As the CLO market has grown, investors have had to piece together information from multiple sources, often with different identifiers and ways of describing the same structural features,” says Maureen Gallagher, Head of Enterprise Reference Data at Bloomberg. “Bloomberg is making it easier for clients to understand how the security, its collateral and the corporate borrower fit together in one view. That gives them a clearer picture of their exposures and a stronger foundation for investment and risk decisions.”
