What goes in
You supply a portfolio tape with exposures, collateral values, valuation dates, property locations and property characteristics. Each row is validated, totals are reconciled and the tape is committed as a fixed snapshot. The same property is linked across successive snapshots, so its history carries forward.
Your collateral valuation stays the value of record. Panoperty does not produce a valuation, change your value or require a revaluation.
What Panoperty observes
Panoperty measures buyer behaviour around each located property from proprietary residential market and buyer-behaviour data. Observations are refreshed on a continuous cycle, currently about every six hours.
- Measured around the property. Each reading comes from comparable market activity around that property, not a regional average or index.
- Described with its context. A reading carries the window it covers, the comparator population behind it and the time it was taken.
- Kept as taken. Readings are appended, never overwritten, so you can see what was known about a property and when.
- Withheld when thin. Where there is not enough activity behind a reading, Panoperty withholds it and says so rather than estimating.
An observation is published with its window, evidence sufficiency, provenance, time of observation and calculation version. The public site does not disclose the construction recipe.
What Panoperty does not infer
Panoperty reports what it observed and when. It does not conclude that a property's value has changed or recommend a revaluation.
Panoperty does not turn an observation into a verdict about collateral. It shows the observation and its context. The lender decides which conditions matter and how to respond.
Conditions and alerts
A monitoring condition is a numerical question about a measure Panoperty has actually observed, set by the lender for the part of the book it chooses. The conditions the lender sets are recorded as such.
When a condition is met, an alert opens against that property. It stays open while the condition holds, and closes when it does not. The alert carries the readings behind it; it carries no judgement about the property.
Provenance and versioning
Every observation identifies the property and period it belongs to, the evidence behind it, its source and the calculation version. Readings are appended rather than replaced, and conditions are versioned, so any alert can be reconstructed from what was known and what was being monitored at the time.
What stays with you
Panoperty observes and alerts; your analysts interpret and decide. Which conditions to set, whether to investigate and what action, if any, follows all sit within your own collateral policy.
Limitations
- Panoperty covers residential collateral in Ireland. Observations are concentrated in the Dublin area and are currently limited elsewhere, so many properties outside Dublin will not have enough activity behind them to monitor.
- Coverage also varies by property type, which is why the evidence behind every reading is reported.
- A newly monitored property needs some history before its readings are informative.
- Observations describe buyer behaviour. They are not a value, loss or default estimate.
- Exposures are in euro.
Detailed methodology
Detailed model methodology is available privately for institutional due diligence, model-risk review, procurement and validation, under appropriate confidentiality arrangements.