Interactive Data has expanded its OTC Derivatives Valuation Service to include independent evaluations of credit default swaps (CDS) and select CDS Indices.
The firm says the expanded service is designed to provide additional transparency into CDS and CDS Index evaluations, thereby helping clients to more effectively value their diverse portfolios and enhance their risk management and compliance practices.
The services will be available on Vantage, Interactive Data’s Web application.
“The strength of Interactive Data’s bond evaluation capabilities uniquely positions us as a leading CDS evaluated pricing service for a wide range of issues,” says Mark Heckert, senior director of Evaluated Services for Interactive Data. “Our CDS evaluation methodology incorporates Interactive Data’s widely-used, award-winning bond evaluations, which is especially important for less liquid names where there is limited market color.”
Celent’s November 2011 report, “Dodd-Frank and EMIR Derivatives Reforms,” highlights how derivatives pricing and valuation technologies “will form one of the backbones for the new architecture post-Dodd Frank and EMIR.”
(CG)