Markit receives contributed CDS data from market makers from their official books and records. This data then undergoes a rigorous cleaning process where we test for stale, flat curves, outliers and inconsistent data. If a contribution fails any one of these tests, we discard it. By insisting on the highest standards, we ensure superior data quality for an accurate mark-to-market and market surveillance.
The full term structure of CDS data and recovery rates are available by entity, tier, currency and restructuring clause. Clients can view the data in summary or graphical form online. Alternatively, clients can retrieve the data through an automated feed or by a data download from Markit's website.
As an additional service, Markit Sameday provides a premium data service enabling subscribers to benefit from same-day CDS pricing captured from regional closes. Finally, we offer Markit Quotes. Markit Quotes is a real-time quote parsing service that extracts real-time prices, such as CDS and indices, from dealer pricing runs which are sent out to investors throughout the trading day.