Last week, the SEC put out a 667 page proposal regarding disclosures for asset backed securities. What I found exciting was this:
We are proposing to require that most ABS issuers file a computer program that gives effect to the flow of funds, or â€œwaterfall,â€ provisions of the transaction. We are proposing that the computer program be filed on EDGAR in the form of downloadable source code in Python. â€¦ (page 205)
I don't have more time to comment on this, so the post is a bit scrappy. Sorry!