Valuation ServicesValuations Manager

Markit Valuations Manager is a web-based platform providing buyside clients with aggregated multi-bank counterparty position and valuations data in a timely and consistent format, alongside their own internal marks and independent valuations from Markit Portfolio Valuations.

Customers

  • Buyside
  • |
  • Fund administrators / custodians
  • |
  • Sellside

Statistics

  • 3m+valuation marks stored for secure search and retrieval
  • 170k+OTC and cash bond counterparty valuations contributed daily

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Product summary

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.

    Key Benefits

    • Operational efficiency

      Consolidated delivery of OTC position and valuation data in a consistent format, across all counterparties, eliminating time-consuming manual or semi-manual processes

    • Transparency

      Integrated workflow tools enabling customers to monitor information flow and to dispute marks online as necessary, with audit trails and history of valuations and associated disputes

    • Extensive coverage

      Provides multi-asset class coverage across OTC derivatives, including credit, rates, equities, FX and commodities, as well as cash bonds

    • History

      Easy access to position and valuation history for the previous 90 days, in addition to 13 month ends

    • Independent valuations

      Access to Markit’s independent valuations in OTC derivatives and cash bonds, available for viewing alongside counterparty marks

    • Distribution

      Valuation statements available online or via API, FTP or web download