Markit provides ETP issuers with a calculation service and broad distribution channels for daily portfolio composition data.
We enable the timely construction of PCFs, which list the securities and representative percentages, and provide distribution through our established connections to exchanges and authorised participants.
Our service covers multiple asset classes and supports both physical and synthetic methodologies. We provide constituent data and a target NAV to the ETP issuers’ requested market participants before the start of daily trading.
Supporting physical and synthetic methodologies, with coverage across multiple asset classes
Calculations incorporate corporate action adjustments applied according to official index provider methodology announcements as well as total and estimated cash components that account for cash dividends and daily management fees
Delivery through a variety of channels, including European exchanges, index providers, authorised participants and marketmakers. Methods include a consolidated XML feed, flat file delivery and email options
Open architecture design of calculation engine enables rapid integration of new calculation methods as well as additional data import and export interfaces