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Why Yet Anohter Cashflow Engine

Shawn Zhang edited this page Apr 27, 2024 · 13 revisions

There are couple stable commercial cashflow engines in the market.

Why we need another one ?

Open-Source

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.

Why it is being charged for a license fee if the software just told user how to calculate bond interest ? or how to calculate a fee ?

If PostgreSQL is succeeding role of Oracle database, what's next cashflow engine for structured finance ?

Transparency

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.

No-Lock in risk

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"

No technical debt

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..

is it cutting edge industry leading ?

well, everyone claims that