ICAP (IAP.L), the interdealer broker and provider of post trade services, and FINCAD, the provider of financial analytics, announced that SIFMA (Securities Industry and Financial Markets Association) Municipal Swap rates are now available in FINCAD Market Data. These SIFMA swap rates are required to value tax-free or municipal instruments.
Three new workbooks are now available for use with FINCAD Analytics Suite for Excel:
– Tax-Exempt Swap Curve (SIFMA Market Data Template)- Tax-Exempt Swap Workbook (Vanilla or Amortizing)- Tax-Exempt Swap Portfolio
All of these workbooks will import data from FINCAD Market Data with the click of a button.
FINCAD Market Data is a joint service provided by FINCAD and ICAP. The service collects, verifies, and stores market data from the world’s major markets and exchanges daily. Most historical data is available to support valuations back to December 1999. Coverage includes interest rate curves, volatilities and spot FX data for multiple jurisdictions.
Todays dynamic markets demand that market data supplies constantly evolve, says Bob Park, President and CEO, FINCAD. These workbooks and their integration to a robust market data supply will save users, significant time and money both initially and on an ongoing basis.
D.C.