Increasing regulatory and accountancy scrutiny around accurate valuations of portfolios has highlighted the importance of both counterparty and independent pricing data and valuations. Asset managers currently receive counterparty data through numerous statements in multiple formats direct from dealers. The effort required to manually consolidate this data can take many hours.
Markit Valuations Manager provides a secure, standardised view of OTC derivative positions as well as derivative and cash fixed income valuations across counterparties on a single electronic platform.
The service simplifies the collection of counterparty position data and valuations to deliver greater operational efficiency. Instead of visiting multiple dealer sites and rationalising numerous file formats, clients access valuation statements online or via API, FTP or a download from Markit. Markit has agreed a single set of standards with the participating banks and acts as the delivery channel for more timely, complete and standardised counterparty valuation data.
Markit Valuations Manager also provides a co-branded solution for sellside participants looking to streamline the delivery of their OTC and cash valuations direct to their own client base, supporting regulatory requirements for the daily distribution of marks.