CUFT Database

Beginning in 2009, CUFTanalytics has sourced publicly filed credit agreements from the United States Securities and Exchange Commission using its proprietary search algorithm.  The documents are reviewed, and the data is gathered and maintained in a database (the “CUFT Database”).  In addition, we add to this transactional data the most current credit risk data (Standard & Poor (S&P)’s and Moody’s Investor Services credit ratings and S&P’s Creditscores).  Finally, all data is supported by actual agreements.

The CUFT Database is built specifically for transfer pricing purposes.  CUFTanalytics uses this data for consulting purposes, however the senior loan data from the CUFT Database is licensed to Bureau van Dijk for inclusion in their transfer pricing solution, TP Catalyst.  For more details regarding subscriptions to the loan module within TP Catalyst please see their website. 

In general, we add upwards of 1,200 or more senior loan records to our CUFT Database each year.  The below tables provide a snapshot of our senior loan database:

Based on Credit Risk Measures

* Note that the average credit rating is the average between the respective Moody's credit rating and the S&P credit rating for the borrower. If the borrower is rated by just one of those rating agencies than the average rating is the rating given by the rating agency that has rated the borrower. If the ratings of the two rating agencies differ by an even number of notches it is the middle rating that is the average credit rating. If the ratings differ by an odd number of notches then the average credit rating is calculated as the upper rating less (n - 1)/2, where n is the number of notches that the credit rating agencies differ.

Based on Industry