Asset Control announced that credit prices and counterparty reference data from Markit have now been integrated into AC CompanyMaster. This data provides a means of managing credit data for Basel II credit risk compliance and counterparty credit risk management.
The integration of Markit data into AC CompanyMaster is being implemented at various customer sites internationally.
The data feeds are Markit RED and Markit Data. Markit RED confirms long legal names on over 2,000 reference entities and the legal relationship between a reference obligation and its guarantor or issuer. Markit Data delivers daily composite mark-to-market prices and spreads gathered from over 40 contributing organizations for investment- and subinvestment-grade credit default swaps, cash securities and syndicated loans used by organizations globally within trading, risk management and product control roles.