About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

CMA Upgrades Solutions for Changes to North American CDSs

Subscribe to our newsletter

CME Group-owned Credit Market Analysis (CMA) has upgraded its solutions set to account for the impending changes to the North American credit default swap (CDS) market. The changes, which are being introduced on 8 April and are being championed by the International Swaps and Derivatives Association (ISDA), affect the quoting conventions for single name CDS as a result of the new standardised 100/500 contracts.

Jav Bose, head of product development at CMA, explains that the vendor has upgraded its OTC credit market price discovery service QuoteVision, price verification data service DataVision and Analytics product sets in order for its clients to transition to the new standards.

“The upcoming changes to quoting conventions for single name CDS are required for smooth settlement and position netting in the CDS market. The adaptations we have made will make it easier for clients to manage the new conventions and pricing conversions and minimise the time from price discovery to taking trading and risk management decisions,” he explains.

The ISDA led changes are designed to strengthen the infrastructure for CDS transactions and enhance the liquidity and transparency of the markets for standardised CDS.

Rival vendors Markit and RiskVal have also recently added new services to their portfolios to account for the CDS changes. A couple of weeks ago, Markit launched a CDS data and information portal along with a free online calculator that converts CDS spreads into the new upfront quoting convention. RiskVal launched a similar calculation feature in the same week.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Nature-Risk Data Proposals Hailed as Pathway to Better Investment Decisions

Proposals to improve the nature-risk data value chain has been welcomed by sustainability data leaders who said they will pave the way for better decision making and reporting by financial institutions and provide more detailed analyses for investors. The proposals offer a slate of principles to improve the quality of state-of-nature data collection and integration...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...