Interactive Data Corporation, a provider of financial market data, analytics and related services, says its Pricing and Reference Data business provides daily independent evaluations of commercial paper issues to Standard & Poors Index Services for its recently launched S&P US Commercial Paper Index.
The S&P US Commercial Paper Index is a new, broad-based index designed to serve the investment communitys need for a benchmark representing the US commercial paper market. Interactive Data delivers daily, independent evaluations for more than 3,000 commercial paper issues to S&P for its use in valuing the index.
As a trusted provider of independent evaluations, Interactive Data is pleased to deliver this information to Standard & Poors Index Services for its closely followed US Commercial Paper Index, said Shant Harootunian, managing director, Evaluations for Interactive Data. It is rewarding to see that our daily evaluations for a wide range of securities are enabling a growing and diverse group of clients to obtain critical inputs for their valuation process.
With commercial paper being a key component of todays capital markets, the S&P US Commercial Paper Index is the first broad benchmark for measuring the performance of and providing additional transparency into this market, says James Rieger, vice president of Fixed Income Indices, Standard & Poors. It was important for us to choose a provider of evaluations that offers coverage for the comprehensive collection of securities which comprise this index.
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