ECB Seeking Tenders for Calculating Losses on Asset-Backed Debt
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The European Central Bank is seeking tenders from financial firms to provide it with calculations on the likelihood of losses on asset-backed securities and covered bonds as it prepares to purchase the debt.
The central bank is also looking for data on market prices and assistance with modeling cash flows, according to a notice on the ECB’s website. The three contracts are slated to start in November and last four years, the document shows.