S&P Increases Value Added Content on ABSXchange and Announces 25 New Clients
S&P’s structured finance analytics platform, ABSXchange, has undergone a number of improvements designed to aid market participants’ analysis of their ABS and RMBS portfolios. These improvements will allow clients to run projections against forecasted index rates; view the formulae used in calculated benchmarks including underlying values; aggregate asset valuation metrics such as price and yield...
Limited Window of Opportunity in Europe to Influence Regulatory Change Around Incoming Data Requirements, Says BBA’s Irving
Firms need to take action this year if they want to influence the evolving European regulatory process and provide feedback on the impacts of regulation on areas such as data management and risk management, according to Irving Henry, policy director for prudential capital and risk at the British Bankers’ Association (BBA). Speaking at last week’s...
Interactive Data Provides Tokyo Stock Exchange With Indicative Valuations For Exchange Traded Funds
Interactive Data Corporation, a provider of financial market data, analytics and related solutions, today announced that it is providing indicative optimised portfolio values (IOPVs) for exchange traded funds (ETFs) to the Tokyo Stock Exchange (TSE). Interactive Data will be calculating the IOPVs using its Basket Calculation Service on behalf of the TSE. The Basket Calculation...
SEB UCITS III Platform Hosts Tungsten Capital Management UCITS Fund
SEB today announced that German equity investment specialist, Tungsten Capital Management GmbH, launched a new UCITS III fund via SEB Master KAG. SEB Master KAG is a one stop shop which facilitates the launch and marketing of German UCITS funds. It helps manage risks and fund administration, accounting and pricing as well as fund and...
Misys and Private Equity Firms Rumoured to be Circling SmartStream
Private equity giant Permira and risk technology firm Misys are two of the rumoured bidders that are circling the Dubai International Financial Centre’s (DIFC) SmartStream Technologies. Following the DIFC’s hiring of UBS to handle the potential sale of SmartStream back in October last year, around 10 firms are rumoured to have expressed an interest in...
DTCC Launches Corporate Actions ISO 20022 Test Pilot
The Depository Trust & Clearing Corporation (DTCC) today announced it will launch a pilot program testing new ISO 20022 corporate actions announcement messages and its new browser-based user interface with five leading corporate action users on 25 April. The pilot is part of DTCC’s multi-year reengineering initiative that is changing the way corporate actions are...
Russell Investments Appoints State Street to Service New Common Contractual Fund
State Street Corporation announced today that it has been appointed by Russell Investments to service its new Irish domiciled common contractual fund (CCF). State Street’s operation in Ireland will provide custody and fund administration services to the new Common Contractual US Equity Plus Fund, which is available to institutional investors. State Street is Russell’s preferred...
Storebrand Chooses Standard & Poor’s Global Data Solutions to Meet Solvency II Risk Management Requirements
Standard & Poor’s Global Data Solutions – part of the S&P Valuation and Risk Strategies group – today announced an agreement to supply Nordic Insurer Storebrand with an integrated data offering for its asset management business, Storebrand Kapitalforvaltning. The agreement is designed to help Storebrand meet local customer and European regulatory requirements – in particular...
Citi Launches Next Generation Solution for OTC Derivatives Operations
Citi today announced that its Global Transaction Services business has launched a comprehensive OTC Derivatives Service that consolidates and simplifies the entire post-trade execution process. The offering provides clients with access to a full range of middle and back office services on a single platform, including confirmation, settlement, valuation services, collateral management, margin management, and...
Accuity Responds to the Continuing Libyan Crisis by Systematically Enhancing Global Sanctions Lists
Accuity, a provider of payment routing data, anti-money laundering (AML) screening software and services, today announced significant enhancements to its anti-money laundering and compliance offering – enhancements that have been developed in the light of the escalating situation in Libya. As the unrest in Libya continues to develop, Accuity has continued to enrich the OFAC...