Pricing across bonds, CDS and loans, as well as equity volatility data and securities lending data for stocks and bonds

Similar documents
Customers have the flexibility to manage our solutions in-house or to outsource portfolio management functions partially or entirely to us.

Loan Market Automation: The Route to Operational Excellence

Purchasing Managers Index (PMI ) series are monthly economic surveys of carefully selected companies compiled by Markit.

INDEX SERIES FTSE PUBLICATIONS. FTSE ETF Issuer Services.

Panel slides. Shadow Banking. David Carruthers, Managing Director, Securities Finance\ January 29 th 2014

MANAGE RISK WITH CONFIDENCE

EE ALL IDES A GLOBAL NETWORK OF FINANCIAL INFORMATION, BUSINESS INTELLIGENCE, PEOPLE AND IDEAS

A NEW GENERATION OF REFERENCE DATA SERVICES. From Interactive Data, The Reference Data Powerhouse

SELL-SIDE EXECUTION & ORDER MANAGEMENT SOLUTIONS (SSEOMS) A Bloomberg Trading Solutions Offering BE AGILE

2015 H1 European Cash Equity and ETF Broker Rankings. Calculated by Markit MSA

TRADE ORDER MANAGEMENT SOLUTIONS (TOMS) A Bloomberg Trading Solutions Offering BE AGILE

ASSET AND INVESTMENT MANAGER (AIM) A Bloomberg Trading Solutions Offering BE AGILE

A Global Rating Agency >

Trading Services. Your Business Without Limits TM

Managing risk in a new world. Navigating the five major hurdles for hedge funds

LSEG supporting Collateral Management services

BLACKROCK SECURITIES LENDING

Absolute return: The search for positive returns in changing markets

Trusted by the Market. Driven by You. We stop at nothing. Portfolio analysis and risk management

MULTIPLY YOUR REACH THOMSON REUTERS CONTRIBUTIONS CHANNEL. Contribute your content to Thomson Reuters and expand your business INTRODUCTION

How do you transform risk into high performance? An Overview of Moody s Analytics

Municipal Bonds: Consolidating and Integrating Bids to Improve Transparency and Discovery

Multi-Vendor Price Verification & Validation as a Service Price Processing Case Study

Markit IOS. March 11, 2010

Credit Research & Risk Measurement

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> HEDGE FUNDS. A Bloomberg Professional Service Offering NITIATIVE

Decoding the Financial World

An Analysis and Description of Pricing and Information Sources in the Securitized and Structured Finance Markets

PRIMETERMINAL. Your personalised financial desktop

QE, Credit Markets and Bubbles

Fixed Income Trading ACCESS A WORLD OF FIXED INCOME OPPORTUNITIES. Your Business Without Limits TM

Deutsche Bank Global Transaction Banking. Securities Services. Overview

Enterprise Risk Management

Separately managed accounts

Multi-Vendor Price Verification & Validation as a Service

Energy & Commodities Trading Solutions Cost-Effective Market Data Management, Analytics and Trade Integration

Solvency II Data Solutions

Citi OpenInvestor. OpenLend. Securities Lending Solutions. Customized Programs to Optimize Portfolio Performance

Workshop B: Credit Spread Trends In The Energy Sector

TRADING VENUE LIQUIDITY

Loss Given Default What is your potential loss position in the current volatile environment?

HEDGE FUND PORTFOLIO MANAGEMENT FRONT ARENA

Research Update: Nykredit Realkredit A/S Assigned 'A+' L-T Ratings, Outlook Stable; Covered Bonds Rated 'AAA'

Re: Staff Consultation Paper, Auditing Accounting Estimates and Fair Value Measurements

GILE BLOOMBERG TRADING SOLUTIONS

Ontario Securities Commission

Valuation Services. Global Capabilities Delivered Locally KPMG LLP

APT Integrated risk management for the buy-side

NATIONAL FINANCIAL SERVICES LLC

REGULATORY & ACCOUNTING PRODUCTS THE NEW FAIR VALUE ACCOUNTING STANDARDS AND DISCLOSURE REQUIREMENTS

Moody s Analytics Solutions for the Asset Manager

Electronic Bond Trading Review

Performance Attribution (PART) Module

Industry-leading Credit Risk Solutions

Investor presentation. March 2015

Rating Action: Moody's reviews for downgrade the ratings of MBIA Inc. and of its lead insurance subsidiaries Global Credit Research - 21 Mar 2013

Fair. Orderly. Efficient. Growing.

Rating Methodology by Sector. Non-life Insurance

WEALTH MANAGEMENT. Strengthen Client Relationships with Cost Effective Data and Technology Solutions

Lloyds Banking Group Life Insurance Operations 'A' Ratings Affirmed; Outlook Negative

Financial Risk Management Courses

Retail Banking Solutions. Customised to Help Your Investment Decisions

NATIONAL FINANCIAL SERVICES LLC

Isolating the real merits of fully outsourced hosting and FX connectivity services

BVI s position on the Consultative Document of the Basel Committee on Banking Supervision: Capital requirements for banks equity investments in funds

Demand for RMB and Financial Services through Hong Kong by German Businesses

IIF Training 2015 Course Descriptions

Significant Mark-To-Market Losses On Credit Derivatives Not Expected To Affect Bond Insurer Ratings

Limited Immediate Benefit from SEBI-RBI Initiatives of Debt to Equity Conversion

E U R O P E A N B A N K F U N D I N G I N A B A I L - I N W O R L D

PROTECTING YOUR PORTFOLIO WITH BONDS

Your Assets are Safeguarded. at Morgan Stanley

Our Value Proposition

Independent Third-Party Valuation Insights

WHERE DO WE GO FROM HERE?

WEALTH MANAGEMENT. Enhance market insights with customizable financial information systems

Fixed Income ETFs and the Corporate Bond Liquidity Challenge Greg Walker, CFA Managing Director, Head of ishares Business Development

CHALLENGES FOR WEALTH MANAGEMENT FIRMS IN 2016: ARE YOU PREPARED?

MORGAN STANLEY & CO. LLC (SEC I.D. No ) CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AT JUNE 30, 2014 (UNAUDITED) ********

LOCAL INSIGHTS, GLOBAL EXPERTISE. Northern Trust in Australia and New Zealand

Managing Corporate Pension Plan Financial Risk

Asset Liability Management and Investment Seminar May Session1: Asset Allocation for Insurance Company Liability Driven Investment.

A Winning Relationship. You, Your Advisor, and Schwab Advisor Services. For Clients of Independent Investment Advisors

BLACKROCK Worldwide Leader in Asset and Risk Management

J. Gaspar: Adapted from Jeff Madura International Financial Management

MTS Markets. Insights. Automated Bond Trading: Optimising the Opportunity

Market Insight: Analyzing Hedges for Liability-Driven Investors

Closed-end fund update

Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima

Investor survey of fixed income liquidity 2013

Private Debt in 2015:

THE VALUE OF TRUSTED DATA. How Asset Managers Use Technology To Turn Data Into Actionable Insight

Risk management within AIFMD for private equity and real estate funds. Sylvain Crépin Senior Manager Capital Markets/Financial Risk Deloitte

Liquidity and the Development of Robust Corporate Bond Markets

The Credit Analysis Process: From In-Depth Company Research to Selecting the Right Instrument

INCOME IN ALL MARKETS COLUMBIA STRATEGIC INCOME FUND Class A COSIX Class C CLSCX Class R CSNRX Class R4 CMNRX Class R5 CTIVX Class Z LSIZX

Asset Management Solutions for Research Analysts THE CHALLENGE YOUR END-TO-END RESEARCH SOLUTION

Regulatory Notice

Credit Derivatives Glossary

Transcription:

Pricing Data

Pricing across bonds, CDS and loans, as well as equity volatility data and securities lending data for stocks and bonds Complete transparency, with detailed information relating to methodology and inputs Data quality fueled by pricing inputs from industry practitioners and observable sources, with rigorous cleaning processes applied Access to global pricing analysts for fully documented and timely price challenges

Markit provides high quality, independent pricing data to drive informed decisions around trading, valuations and risk management. Our data delivers insight, reliability and transparency to help customers navigate evolving business requirements and increasing scrutiny on valuations resulting from regulations such as UCITS, US 40 Act, MiFID, FASB ASC Topic 820, Solvency II and Basel. Price discovery We offer deep coverage across instrument types, including the most illiquid securities. Our pricing data and liquidity metrics enable customers to monitor market activity and investor sentiment to support research, trade idea generation, strategy development, mark-to-market profit and loss and NAV and inav calculation. Price verification By validating internal valuations and broker quotes against our independent data, customers can meet validation requirements outlined in rules such as AIFMD. Detailed information on inputs and methodologies, along with our liquidity metrics and price challenge process, helps customers meet stringent disclosure requirements, including Topic 820 and IFRS 13 fair value hierarchy levels, to satisfy internal and external audits. Risk management The quality of our data supports more accurate credit risk and volatility calculations. We provide complete transparency, as well as value-add data such as CDS sensitivity metrics. Our data helps customers meet stress testing requirements, such as for Form PF reporting, as well as regulatory mandates requiring disclosure of how firms perceive, measure and manage risk. \ 3

COVERAGE Our robust coverage includes fixed income pricing, equity volatility data and securities lending information. We provide detailed information on our inputs and methodology as well as value-add data, such as liquidity metrics reflecting the depth and breadth of the market, to deliver unique insight into market activity and investor sentiment. CDS Historical coverage dating back to 2001 2,800 entity tiers 1.9 million+ daily price quotes 10,500 curves Bonds Historical coverage dating back to 2001 83,500 corporate and sovereign bonds priced 1.24 million US securitised products priced, including non-agency RMBS, agency CMO, consumer ABS, CMBS and CLO 9,000 European ABS priced daily 1.1 million municipal bonds priced 80,000+ fair value estimates for bonds Loans Historical coverage dating back to 2001 6,400+ loans priced daily 300,000+ quotes parsed daily Equities Historical coverage dating back to 2009 300+ single stocks covered by volatility service 50+ equity indices covered by volatility service 40,000+ fair value estimates for stocks Securities finance Historical coverage dating back to 2002 3 million daily position updates $14 trillion lendable supply $2 trillion daily on loan balance 30,000 equities 120,000 government and corporate bonds \ 4 markit.com

DATA QUALITY AND TRANSPARENCY The strength of our pricing sources and sophisticated methodologies underpin the accuracy of our pricing data, delivered with full transparency and dedicated customer support. Fuel Pricing engine Delivery Challenge Fuelling our valuations are observable prices sourced directly from leading industry practitioners, as well as data captured by our realtime parsing technology and from sources such as MSRB and FINRA. Pricing methodologies mirror widely accepted buyside and sellside techniques. Models are specific to each instrument type and the amount of observable data available. Models and methodologies are made available to customers and their auditors. Flexible delivery is provided via multiple channels, including SFTP, the web or integration into internal or third-party platforms. Immediate and direct access to the valuations team provides fully documented, auditable price challenges and support for questions regarding our methodology. Rapid response to challenges help satisfy crucial sameday pricing requirements. Quality control Rules-based cleaning algorithms are applied to inputs to remove stale data and anomalies. Audits by our experienced valuations team help ensure customers receive trusted and reliable pricing data. \ 5

2.3m+ bonds priced daily 10,500 CDS curves 6,400+ loan facilities priced daily $14tn+ lendable inventory in our securities finance dataset These numbers are changing as you read this. \ 6 markit.com

Related products Markit Indices Markit provides global indices covering equities, fixed income and economics. We leverage Markit Pricing Data in the calculation of our index levels. Markit Enterprise Data Management Markit EDM acts as a central hub to manage the acquisition, validation, storage and distribution of data in a consistent, fully-audited environment. Markit Reference Data Markit Reference Data supports the credit derivative, bond, syndicated loan and legal entity data needs of the financial markets. Our data facilitates trading, settlement, risk management and back office functions. Markit Portfolio Valuations Markit Portfolio Valuations is an independent, validated, fully hosted service providing post trade valuation and risk analysis. Recognition Best Evaluated Prices Service Provider Markit About Markit More Information Markit is a leading, global financial information services company with over 3,000 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace. For more information on the products and services from Markit, please contact us at sales@markit.com or call one of our regional offices: London +44 20 7260 2000 New York +1 212 931 4900 Amsterdam +31 20 50 25 800 Boulder +1 303 417 9999 Dallas +1 972 560 4420 Frankfurt +49 69 299 868 100 Hong Kong +852 3478 3948 Tokyo +81 3 6402 0130 Toronto +1 416 777 4485 Singapore +65 6922 4200 Sydney +61 2 8076 1100 markit.com \ 7

Markit makes no warranty, expressed or implied, as to accuracy, completeness or timeliness, or as to the results to be obtained by recipients of the products and services described herein, and shall not in any way be liable for any inaccuracies, errors or omissions herein. Copyright 2014, Markit Group Limited. All rights reserved. Any unauthorised use, disclosure, reproduction or dissemination, in full or in part, in any media or by any means, without the prior written permission of Markit Group Limited is strictly prohibited.