Standard & Poor’s now provides independent daily valuations for more than 1.1 million global structured finance securities.
Coverage of European ABS/MBS has grown to more than 3,500 securities. Valuations are provided across the capital structure, including prices for tranches rated down to BB.
SPSE’s methodology combines cashflow analysis and modeling with daily observable market information to deliver a unique valuation solution for illiquid structured finance securities.
“During the first half of 2007, trade bodies and regulators have placed increased scrutiny on how firms, and in particular hedge funds, are valuing the assets they hold,” says Peter Jones, director of securities evaluations for Europe at S&P. “As such, it is more important than ever that institutions can demonstrate that the OTC and more illiquid securities they employ are being valued in a transparent and frequent manner.”