| The Markit ABCDS pricing service is a multi-dealer contributed service for CDS of ABS trades. |
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| Product summary: |
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| As a recognised industry leader in credit default swap pricing, Markit is committed to provide services which help to increase transparency and foster growth in the ABCDS space. In response to dynamic growth within the structured finance sector, Markit has developed a multi-dealer contributed service for CDS of ABS trades which covers both the European and US market. |
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| Key benefits: |
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| The first truly independent source within the sector |
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| Broad Dealer Contributor Base with 9 dealers committed to contributing books of records |
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| Reliable Data - Contributions are subjected to multiple cleaning algorithms |
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| Users can group ABCDS data by rating, issuer, sector or region to give a broad overview of sections of the market |
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| Buy-side subscribers have access to both composite and contributors level spreads and durations |
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| Key functions: |
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| Subscribers can drill down at the bond level to examine contribution level details |
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| Ability to view spreads over a specific time frame |
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| Analyse spread movement using ‘Heat' |
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| Mid spreads and durations, taken from dealers books of records, can be viewed through the Markit website or downloaded programmatically via an API in a number of industry standard formats |
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