Tawreeq
Core Securitization Infrastructure for Saudi Arabia

The Complete RMBS Platform for the Kingdom

End-to-end securitization infrastructure — data ingestion, 8-pillar risk modeling, rating-case cashflow, pricing, issuance, and servicing — calibrated to SAMA market data and GASTAT real estate transactions.

SAR 50B+
Notional Capacity
200+
Validation Rules
10,000
Monte Carlo Paths
1.9M
GASTAT Transactions
23
SAMA Datasets
11
Workflow Stages
SAMA Regulatory FrameworkCMA Securities RegulationsBasel III / IFRS 9Shariah-Compliant StructuresSTC Criteria / SEC-SA
Core Platform

8 Integrated Modules for the Full Securitization Lifecycle

Purpose-built modules spanning loan tape ingestion, risk analytics, deal structuring, rating-case cashflow, pricing, issuance, and post-issuance servicing.

Loan Tape Engine

DATA INFRASTRUCTURE

Enterprise-grade ingestion with Bronze-to-Silver Parquet architecture, Arabic semantic matching, and content-based file classification. Format-agnostic (XLSX, CSV, ZIP, TXT, DAT, TSV) with SFA positional schema support.

Parquet pipeline89+ fingerprintsArabic headersContent-based detectionMulti-tape mergeDelta ingestion

Data Integrity & Quality

INSTITUTIONAL ASSURANCE

Tiered quality gate (Critical/Major/Minor) with 200+ rules, cross-column intelligence, 17+ audit checks, data integrity score (0-100%), and cryptographic integrity certificate (PDF) with SHA-256 chain of custody.

200+ rulesDQ scoring A-FIntegrity certificate17+ audit checksReconciliationRegression guard

Portfolio Analytics

LOAN-LEVEL INTELLIGENCE

8-pillar loan-level risk analysis with SAMA-calibrated PD/LGD, IFRS 9 staging, delinquency verification, prepayment intelligence, government support detection, and regional risk tiers across 13 Saudi regions.

8-pillar riskPD/LGD engineIFRS 9 stagingPrepayment intelRegional tiersBenchmarking

Deal Structuring

SECURITIZATION ENGINE

Risk-constrained structuring with auto-tranche suggestion, symbolic waterfall builder, multi-signal credit enhancement, hedging configuration, and template library for RMBS, CMBS, Auto ABS, and Shariah-compliant Sukuk.

Auto-structuringRisk-constrained CEWaterfall builderHedging configSukuk templatesJSON export/import

Cashflow & Waterfall

RATING-CASE ENGINE

Institutional rating-case waterfall across 6 stress scenarios × 3 timing vectors with tranche-level Expected Loss, WAL, and yield. Symbolic engine, cohorting, sensitivity matrix, projected-vs-realized tracking, and equity stress tests.

6 rating cases3 timing vectorsCohortingSensitivity matrixEquity stressRealized tracking

Pricing & Benchmarking

VALUATION ENGINE

NPV, WAL, YTM, Z-Spread with market-informed spreads that dynamically adjust to SAMA NPL deviation from historical average. Curve construction, fee waterfall decomposition, and rating-specific coupon calibration.

NPV/WAL/YTMZ-SpreadSAMA-calibratedCurve constructionMarket adaptersTerm sheets

Issuance & Closing

DEAL EXECUTION

Full issuance workflow with SAMA true-sale filings, CMA securities registration, document generation (term sheet, prospectus), ISIN registry, investor allocation, and settlement coordination.

SAMA filingsCMA registrationTerm sheetsProspectusISIN registrySettlement

Post-Issuance Servicing

LIFECYCLE MANAGEMENT

Monthly cycle workflows, IC/OC trigger tests, covenant compliance, investor reporting, and performance alerts. Historical CDR engine (dv01-style), payment impairment tracking, and empirical calibration from realized data.

Monthly cyclesIC/OC testingHistorical CDRPayment impairmentEmpirical calibrationInvestor reports
Execution Pipeline

11-Step Securitization Workflow

From originator loan tape submission through risk analysis, structuring, and pricing to issuance and post-issuance lifecycle management.

01

Upload

Loan tape ingestion

02

Quality

3-tier validation

03

Analyze

Loan-level analytics

04

Pool

Loan selection

05

Risk Lab

PD/LGD/Monte Carlo

06

Structure

Tranches & waterfall

07

Tranche Risk

Stability analysis

08

Cashflow

Symbolic simulation

09

Price

NPV/WAL/Z-Spread

10

Issue

SAMA/CMA filing

11

Service

Post-issuance

Dual-Portal Architecture

Purpose-Built Portals for Every Stakeholder

Separate portals for SRC (issuance, structuring, servicing) and Originators (portfolio preparation), plus read-only views for investors, trustees, and regulators.

Issuer Portal

ISSUANCE & STRUCTURING

Full RMBS lifecycle management including deal structuring, tranche design, waterfall configuration, cashflow simulation, pricing, regulatory filing, and post-issuance servicing.

Deal structuringWaterfall builderCashflow enginePricingIssuanceServicingRisk LabMarket Data

Originator Portal

PORTFOLIO PREPARATION

Streamlined loan tape submission, automated data quality validation, mapping template management, and portfolio analytics for banks and financing companies.

Tape uploadAuto-mappingQuality checkTemplatesAnalyticsPortfolio viewSubmissionTracking

Originators

Banks & financing companies

Investors

Institutional buyers

Underwriters

Structuring & pricing

Trustees

SPV administration

SAMA

Banking regulator

CMA

Securities regulator

Supporting Vision 2030

Tawreeq deepens Saudi debt capital markets, enables bank balance sheet optimization through securitization, and creates new institutional investment opportunities.

5%
Min Retention
AAA
Senior Tranches
IFRS 9
ECL Ready
Basel III
RWA Compliant
24/7
Platform Access
Start Your First Deal
Get In Touch

Ready to Transform Your Securitization Workflow?

Whether you're an originator structuring your first deal or a regulator seeking oversight tools, our team is ready to help.

Email
contact@tawreeq.sa
Location
King Abdullah Financial District, Riyadh

Request a Demo