SEC Rule 17g-5 requires issuers of asset-backed securities to maintain a secure website where Nationally Recognized Statistical Rating Organizations (NRSROs) can access deal documents. Our platform automates compliance — providing secure hosting, controlled access, complete audit trails, and the documentation you need for regulatory examinations.
Deploy your 17g-5 site in 48 hours.
SEC Rule 17g-5 promotes transparency and competition in credit ratings for structured finance products by requiring issuers to provide equal access to deal information.
Under Rule 17g-5, issuers and underwriters of asset-backed securities must maintain a password-protected website containing information provided to the hired NRSRO. This enables non-hired NRSROs to access the same materials and issue unsolicited ratings.
Any issuer, sponsor, or underwriter of structured finance products seeking credit ratings from an NRSRO must comply. This includes auto ABS, CLOs, RMBS, CMBS, credit card ABS, equipment ABS, and other securitization structures.
The hired NRSRO cannot issue or maintain a credit rating if the 17g-5 website requirement isn't met. Non-compliance can delay or derail deal closings and expose issuers to regulatory scrutiny.
Everything you need for 17g-5 compliance in one secure platform.
Password-protected access for registered NRSROs. All documents encrypted at rest and in transit. Hosted on enterprise-grade infrastructure with 99.9% uptime.
Self-service registration for qualified NRSROs with automated credential management. Grant or revoke access instantly. Track all user activity per deal.
Timestamped logs of every document upload, download, and access event. Generate compliance reports on demand for SEC examinations or internal audits.
Separate workspaces for each transaction. Structured folder organization for offering documents, pool data, servicer reports, and ongoing disclosures.
Alert registered NRSROs when new documents are posted. Configurable email notifications keep rating agencies informed of updates without manual outreach.
API endpoints for automated document uploads from your existing systems. Seamlessly integrate with servicer platforms, data warehouses, or document management systems.
Pricing scales with your issuance volume. All plans include full platform access.
Up to 5 active deals
Up to 25 active deals
Unlimited deals
Get your 17g-5 site up and running in three simple steps.
We configure your branded 17g-5 portal with secure access controls and deal workspaces tailored to your issuance structure.
Upload offering documents, pool data, and servicer reports directly or via API. All uploads are logged with timestamps for compliance.
Registered rating agencies receive credentials and notifications. You maintain full visibility into who accesses what—ready for any audit.
SEC Rule 17g-5 is a regulation under the Credit Rating Agency Reform Act that requires issuers of asset-backed securities to maintain a secure website where all Nationally Recognized Statistical Rating Organizations (NRSROs) can access deal information. The rule promotes competition and transparency in credit ratings by ensuring non-hired rating agencies have equal access to transaction data.
Any structured finance product for which an issuer, sponsor, or underwriter seeks a credit rating from an NRSRO requires 17g-5 compliance. This includes auto loan ABS, credit card ABS, CLOs, RMBS, CMBS, equipment finance ABS, student loan ABS, and other securitization structures.
All information and documents provided to the hired NRSRO must be posted to the 17g-5 website. This typically includes offering documents (prospectus, prospectus supplement), pool-level data files, servicer reports, deal performance data, legal opinions, and any other materials relevant to the credit rating analysis.
Most clients are fully operational within 48 hours. We handle all technical setup, configure your deal workspaces, and provide training for your team. For complex implementations with API integrations or custom workflows, deployment typically takes 1-2 weeks.
NRSROs can self-register through a secure portal. They provide their organization credentials and contact information, which we verify before granting access. You can also pre-register rating agencies if you prefer to manage the onboarding process directly.
Our platform generates comprehensive audit reports showing all document uploads, downloads, and access events with timestamps. These reports are designed for SEC examinations and internal compliance reviews. You can export reports on demand or schedule automated delivery.
Yes. Our Professional and Enterprise plans include API access for automated document uploads. Common integrations include servicer platforms, investor reporting systems, and document management systems. We also support SFTP uploads for batch processing.
Yes. Existing TRC Reporting clients receive preferred pricing on 17g-5 services, and we can streamline document uploads by connecting directly to your existing TRC workflows. Contact us to discuss integrated solutions.
Ready to simplify your 17g-5 compliance? Our team is here to help.
Whether you're launching a new securitization program or looking to streamline existing compliance workflows, we'll design a solution that fits your business.