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Why Yet Anohter Cashflow Engine
There are couple stable commercial cashflow engines in the market.
Why we need another one ?
it's free, every one can use it ,no matter it is an established business or start-up. Everyone can raise Pull Request to fix bugs( hopefully there isn't any) or adding new features.
The analytical code logic is being exposed to everyone. There is no secret adjustment on numbers or bugs hidden in closed-source software. Every single result is explainable to auditor/regulatory.
As structured finance business is evolving, which impose rapid changes in cashflow engine to accommodate new asset types, SPV structure. User shouldn't be lock-in by a 5 year service agreement or excuses like "it's cost too much to jump into another cashflow engine"
Most of cashflow engine the marketplace are seasoned, while Hastructure
was born at May/2022 with lesson learned from Clojucture
and PyABS
. It was built with powerful modeling capabilities from Haskell
,it is able to accommodate modern deal structures and new asset types. i.e
- irregular waterfall execution period
- revolving structure
- etc..
well, everyone claims that