Credit default swap (CDS) trading has become a significant driver of fixed income market activity. The International Swaps and Derivatives Association (ISDA®) estimates that the notional amount of credit default swaps outstanding around the globe was $12.4 trillion in June 2005. This represents growth of nearly 50 percent since the beginning of 2005, and approximately 130 percent over the previous year.
Our CDS valuation service provides a robust set of capabilities designed to meet the needs of firms that own or trade this type of derivative. The offering enables clients to review their CDS portfolio, identify which holdings they would like to value – with the option of using Markit’s industry standard Reference Entity Database (Markit RED™) codes – and then easily submit a valuation request. Through an alliance with Markit, We can deliver an independent valuation based on the cleaned and averaged prices taken from over 50 dealers in the CDS markets.
The CDS valuation service is available to clients as an add-on to our evaluation services. The new service is also seamlessly integrated into a module of our FTS online portfolio administration service.
For more information on our CDS Valuation Service, please click here. |
