Interactive Data Expands Capabilities of Interest Rate Swap Valuation Service
28 Junho 2010 - 10:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related solutions, today
announced that its Pricing and Reference Data business has
broadened the capabilities for its interest rate swap valuation
service. This service assists clients by providing information they
can use to help efficiently value their portfolios containing these
over-the-counter (OTC) derivatives.
The service has added coverage of swaps in the following seven
currencies (since December 2009): Hong Kong dollar (HKD), Korean
won (KRW), Malaysian ringgit (MYR), Singapore dollar (SGD), Taiwan
dollar (TWD), Thai baht (THB), and Turkish lira (TRY). It now
provides coverage for single currency interest rate swaps for a
total of 22 major currencies worldwide.
Interactive Data estimates that it currently covers over 96
percent of the total notional amount of interest rate swaps
outstanding. The Bank for International Settlements (BIS), in its
semiannual OTC derivatives statistics release at the end of March
2010, found that the notional amount of interest rate and currency
swaps outstanding was $365.7 trillion at year-end 2009.
The interest rate swap valuation service now provides valuations
of fixed-for-fixed cross currency swaps in any combination of
currency pairs offered. Also available are valuations for irregular
schedule amortizing and accreting single currency swaps, along with
irregular schedule step-up and step-down single currency swaps. In
addition, the service has been expanded to offer valuations of
cross currency basis swaps for an additional three currencies
against the U.S. dollar (USD) along with valuations for 13 cross
currency basis swap pairs against the European euro (EUR).
“We continue to build out the capabilities and currency coverage
of our interest rate swap valuation service to help our clients
better manage their valuation process for global OTC derivatives,”
said Liz Duggan, managing director, Evaluations. “Clients need
valuation services with strong operational infrastructure and
transparency. Our expanded service provides transparency to the
valuations through the inclusion of the underlying curve data that
supports these valuations.”
Interactive Data provides current and historical valuations for
a wide variety of alternative investments; depending upon the
currency, historical valuations are available back to June 2007.
The service offers user-friendly asset setup screens and the
ability to upload trade data and download output files, which can
help limit the occurrence of manual input errors.
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a trusted leader in
financial information. Thousands of financial institutions and
active traders, as well as hundreds of software and service
providers, subscribe to our fixed income evaluations, reference
data, real-time market data, trading infrastructure services, fixed
income analytics, desktop solutions and web-based solutions.
Interactive Data’s offerings can help clients around the world with
mission-critical functions, including portfolio valuation,
regulatory compliance, risk management, electronic trading and
wealth management. Interactive Data is headquartered in Bedford,
Massachusetts and has more than 2,400 employees in offices
worldwide. Pearson plc (NYSE: PSO; LSE: PSON), an international
media company, is Interactive Data’s majority stockholder.
Pricing, evaluations and reference data are provided in the U.S.
through Interactive Data Pricing and Reference Data, Inc. and
internationally through Interactive Data (Europe) Ltd. and
Interactive Data (Australia) Pty Ltd.
For more information, please visit www.interactivedata.com.
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