Structured Finance Assurance

Diligent. Timely. Results-driven.

Structured products and securitizations are important sources of funding for many companies and an integral part of the investment strategy for institutional investors. The review and modeling of these securities requires detailed asset-specific expertise and process-specific knowledge. Grant Thornton's Structured Products group works with issuers, banks, and portfolio managers to help them consider all factors related to agreed-upon procedures (AUP).

Circular graphic showing structured products processes for buyside and sellside applications, starting with readiness and continuing with engagement, execution, timelines and ultimately delivery.

How can we help you?

Our advisory teams tackle challenges alongside you, designing fresh solutions with a balance of scale, skill and service you’ll only find here.

Tape To File

We review the data tape and compare/recalculate and agree the selected characteristics of the pool assets against legal... Show more agreements, appraisals, closing disclosures, settlement statements, and other electronically available supporting documentation. Our procedures and resulting reports help clients prepare to issue SEC form ABS-15G.

Circle Ups and Stratification Tables

We perform comparison procedures on offering documentation (preliminary and final offering... Show more memos, investor presentations and SEC filings), which can include recalculating or comparing the presented data to underlying source documents. Our circle up procedure methodology adapts to the fast-paced complexities faced by the deal team in preparation for an offering. We recalculate and agree financial model outputs and stratification tables, identifying anomalies or inconsistencies based on relevant underlying support.

Cash Flow Modeling and Tie-outs

We recreate custom tailored models for collateralized loan obligation (CLO) and asset-backed security (ABS) transactions from underlying source... Show more documentation and given assumptions. Items often recalculated include entire cash flow and waterfall projections, weighted average life to both call and maturity, principal balance at maturity, decrement tables and customized industry-relevant outputs (loan-to-value ratios, utilizations, etc.).

CLO Effective and Payment Dates

We routinely conduct a variety of tests and measures including waterfall recalculations, overcollateralization ratios and interest coverage ratios, collateral... Show more quality tests, and concentration limitations helping to confirm trustee payment date reports.

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Connect with our leaders

Kirt Seale

Partner, Strategic Assurance & SOC Services, National Special Attestation Reports Solution Group Leader
Partner, Audit Services, Grant Thornton LLP

Partner, Grant Thornton Advisors LLC

Kirt Seale specializes in IT attestation and security projects. He is responsible for the delivery of all IT attestation services in the Dallas office, including engagements focused on financial statement audits, SOC 1, SOC 2 and SOC 3 projects, and IT internal audit services.

Dallas, Texas

+1 214 561 2367