WRAP Process Overview
Establish a Wiki-based Risk-Assessment Process (WRAP) for valuing Credit
Securities, including:
Enlist Banks to subscribe to and support the WRAP as both customers and
contributors
Establish an independent, people-powered capability for valuing and risk
assessing Credit Securities and related contracts (for example CDS)
Work with from public and private capital providers (e.g., the Gap Fund) to provide
portfolio-specific enhancement (e.g., risk transfer) for client Credit Securities
portfolios
Provide an independent modeling support for institutional investors to take risk in
relation to bank and large investor Credit Securities portfolios
Provide independent third party valuation and risk assessment services for Credit
Securities portfolios (and individual securities)
Establish a Wiki-based Risk-Assessment Process (WRAP) for valuing Credit
Securities, including:
- RMBS
- CMBS
- Non mortgage related ABS (e.g., credit cards, student & auto loans)
- CDOs/CLOs
- Credit derivatives
Enlist Banks to subscribe to and support the WRAP as both customers and
contributors
Establish an independent, people-powered capability for valuing and risk
assessing Credit Securities and related contracts (for example CDS)
Work with from public and private capital providers (e.g., the Gap Fund) to provide
portfolio-specific enhancement (e.g., risk transfer) for client Credit Securities
portfolios
Provide an independent modeling support for institutional investors to take risk in
relation to bank and large investor Credit Securities portfolios
Provide independent third party valuation and risk assessment services for Credit
Securities portfolios (and individual securities)
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Open Models Company
Wiki Risk Assessment Process 2.0
Wiki Risk Assessment Process 2.0