Correlated Real-Time EDGAR DataAug. 21, 2019
Empirasign is pleased to announce that we now index ABS-15GA1 and 15GA2 filings from the US Securities and Exchange Commission's EDGAR database on a real-time basis. ABS-15GA1 filings are announcements of repurchase events (or lack thereof) for Asset-Backed securities. ABS-15GA2 filings are third-party due diligence reports. These have the nice side effect of serving as a new issue canary.
While publicly available, these filings are largely devoid of commonly used identifiers such as CUSIPs, ISINs, or tickers. Instead, they contain the SEC's preferred identifier of Central Index Key (CIK). The two CIKs of interest to those in Structured Products are Issuer and Depositor. These largely correlate to what the market generally considers a deal series and issuer. The trick, other than the real-time indexing of such useful reports, is to be able to cross-reference these CIKs to identifiers more commonly used in the marketplace. Once you have access to real-time filings and commonly used identifiers, you can then link them to secondary market activity and create useful and valuable market surveillance tools.
Our spidering efforts of publicly available documents on EDGAR and other investor relations pages have made great headway in this cross-referencing effort (with more to come). When viewing a bond quote or BWIC on Empirasign, our users are alerted to possible regulatory events driving the sale such as the seller rolling into a new issue, or a spike in repurchase requests versus the last quarter.
Where You'll See This Data
CUSIP, ISIN, and Bloomberg Ticker Search Results
If there are recent ABS-15GA1 or 15GA2 filings for the bond you queried, drop-down menu(s) will appear at the top of the results page with the dates they were filed and links to each filing on the SEC website.
Individual BWIC Pages
If at least one bond on a bid list can be linked to a recent ABS-15GA1 or 15GA2 filing, drop-down menu(s) will appear at the top of the BWIC page with the dates they were filed and links to each filing on the SEC website.
New EDGAR Filings Search Page
This page allows you to view all the bonds that saw market activity mentioned in ABS-15GA1/GA2 filings around the date you queried. For each line item, we list:
- Bloomberg Ticker - linked to the bond's search results page on Empirasign
- CUSIP - linked to the bond's search results page on Empirasign
- List ID - linked to BWIC page on Empirasign
- Form - linked to ABS-15GA1/GA2 filing on EDGAR website
- Issuer CIK - linked to all CIK filings for that Issuer on EDGAR website
- Depositor CIK - linked to all CIK filings for that Depositor on EDGAR website
- Depositor Name
- Filing Date
You'll find this page under Market Intel - EDGAR Filings Search in the top navigation bar.
Cross Reference All the Things
Empirasign clients now get SQL access to the same database table we use to correlate secondary market activity to SEC Edgar Filings. Using sqlite in the background, you can slice and dice however you sit fit and export results to Excel. More linked fields, such as LEI, to come in the near future.