Credit derivatives valuation agency Mark-it Partners Ltd says Swiss Re and Bayerische Hypo-und Vereinsbank AG have each signed contracts this year for Mark-it CDS, Bond and Loan data as well as Totem’s Valuation Services.
Frank Ronan, Chief Financial Officer of Swiss Re says “`Mark-it Partners’ superior data and established industry reputation prompted us to acquire its range of data products, which we expect to enhance our ability to trade and manage credit risk.”
Lance Uggla, Chief Executive Officer of Mark-it Partners, says her is pleased to have attracted such high calibre customers. “Moreover,” he says, “the integration of the LoanX and Totem datasets and the resulting synergies of our combined offering demonstrates the value of Mark-it data to all of our users.”