dv01 aims to make updated data available to clients as soon as it is received and processed through our system. That being said, data is received from various counter-parties at different times throughout the month, with different limitations. Additionally, the majority of securitization datasets on the platform can only be released upon the distribution date each month.  Below are the target release dates for various types of datasets on dv01, upstream data delivery and reconciliation issues not withstanding.


TABLE OF CONTENTS


Market Surveillance


All Market Surveillance datasets represent data as of the previous month-end.

  • Affirm: Quarterly, after the previous quarter's earnings are announced

  • Avant: 15th of each month, or the first business day thereafter

  • Figure: 6th of each month, or the first business day thereafter

  • Freedom: 3rd business day of each month

  • Funding Circle (US)*: 10th of each month, or the first business day thereafter

  • Funding Circle (UK)*: 10th of each month, or the first business day thereafter

  • LendingClub: 22nd of each month, or the first business day thereafter

  • Marlette: 15th of each month, or the first business day thereafter; aligned with the securitization distribution date

  • Prosper: 3rd business day of each month

  • SoFi (Personal Loans): 25th of each month, or the first business day thereafter; aligned with the securitization distribution date

  • SoFi (Student Loans): 25th of each month, or the first business day thereafter; aligned with the securitization distribution date

  • Upgrade: 2nd business day of each month

  • Upstart**: 10th of each month, or the first business day thereafter

  • Non-QM Benchmark: 1st business day of each month after the previous month-end (e.g.; the April 1st, 2020 update would reflect securitization distribution dates of March 25th, with collateral through the end of February)

  • Prime Jumbo Benchmark: 1st business day of each month after the previous month-end (e.g.; the April 1st, 2020 update would reflect securitization distribution dates of March 25th, with collateral through the end of February)

  • Consumer Unsecured Benchmark: 25th of each month, or the first business day thereafter

  • Prime and Subprime Auto Benchmarks (and underlying pools):
    • All collateral for both the individual deals and the Prime and Subprime Benchmarks will be updated no later than the last day of each month for the Reporting Period ending at the end of the previous month, pending data availability***
    • New deals that close by the 15th of a given calendar month will be included by the end of that same calendar month.  Deals that close after the 15th of a given calendar month will be updated by the end of the following calendar month


*Funding Circle does not make data for its most recent quarter of originations until after earnings are released, resulting in a lag of approximately 45 - 60 days between the end of a quarter than the reflection of new originations / the corresponding performance data being incorporated into the Market Surveillance dataset.

**Upstart does not make data for its most recent quarter of originations until after earnings are released, resulting in a lag of approximately 45 - 60 days between the end of a quarter than the reflection of new originations / the corresponding performance data being incorporated into the Market Surveillance dataset.

***Data may not be posted for certain deals by the end of a given calendar month.  dv01 prioritizes timely, consistent updates for the broader benchmark, so any deals where month-end data is not yet available at the time of refresh will remain stale until the next update


Securitizations


All securitizations update on their respective distribution dates, with the exception of certain certificate and pass-through transactions that have been pre-approved for daily collateral updates.  The general guidelines for the distribution dates and specifications around which deals allow for daily collateral updates are as follows:

Consumer Unsecured: 15th of each month, or the first business day thereafter, with the exception of the deals below:

  • FREED: 18th, or first business day thereafter
  • ENVA: 20th, or first business day thereafter
  • UAT: 20th, or first business day thereafter
  • UPSPT: 20th, or first business day thereafter
  • UPST: 20th, or first business day thereafter
  • MHMT 2016-1: 25th, or first business day thereafter
  • SCLPs: 25th, or first business day thereafter (does not apply to 2015-1, for which the distribution day is the 15th of each month, or the first business day thereafter)

Mortgages: 25th of each month, or the first business day thereafter, with the exception of the deals below:

  • CRT (CAS and STACR): 26th of each month, or the first business day thereafter, with an additional month lag (e.g.; the Reporting Period for a March Payment Date is the preceding January month-end, and determinations of the delinquency status of the Reference Obligations relative to the March Payment Date are made with reference to the same January month-end date

Small Business: 

  • MPLT-BS: 15th of each month, or the first business day thereafter
  • SBIZ: 15th of each month, or the first business day thereafter

Student Loans: 

  • SAT: 
    • For all transactions prior to 2019-A, 25th of each month, or the first business day thereafter
    • For all transactions after and including 2019-A, 15th of each month, or the first business day thereafter
  • SOFI: 

    • For all transactions prior to 2019-A, 25th of each month, or the first business day thereafter

    • For all transactions after and including 2019-A, 15th of each month, or the first business day thereafter

  • CBSLT: 25th of each month, or the first business day thereafter

Solar: 

  • CLMTE: 20th, or first business day thereafter

Daily Collateral Updates: The following deals have daily collateral updates posted in the application.  Please note, the distribution details for payments to investors are not updated until the distribution date, which is the 15th of each month, or the first business day thereafter:

  • CLMTE
  • CLUBC
  • LCRT
  • PPTT (select transactions)
  • UPT (select transactions)