CDS of ABS Spreads

Credit derivative markets continue to grow at an exponential rate and expand into new & exotic instruments. 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 these emerging sectors. In response to dynamic growth within the structured finance sector, Markit has developed a multi-dealer contributed spread service for CDS of ABS trades.

The Markit CDS of ABS Spread service is the first truly independent source within the sector. Mid point spreads, 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.

Gain Market Perspective

Subscribers to Markit ABCDS can view and sort data to suit their specific needs. Users can group ABCDS data by rating, issuer, sector or region to give a broad overview of sections of the market. Buy-side subscribers have access to both composite and contributors level spreads.

Depth of Data

Subscribers can drill down at the bond level to examine:

• Contribution level details
• View spreads over a specific time frame
• View spread changes over the day, week or month
• Analyse spread movement using ‘Heat'