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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.
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 ?
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