Fitch Solutions, a division of the Fitch Group, has today extended its CDS Pricing Service to now include consensus pricing data which captures Asian market closing prices.
This will provide enhanced transparency on the credit default swap (CDS) pricing of entities traded in Asian markets and further improve both users’ risk management processes and their insight into the global CDS market.
The new service covers sovereign and corporate CDS names and will be delivered to users as an additional file, sent to coincide with the closing of Asian markets. It is based on the same methodology and stringent data cleaning rules as Fitch Solutions’ existing End of Day CDS pricing files, and uses pricing data from the member banks of Fitch’s global pricing services consortium. These banks provide Fitch with pricing information on a variety structured finance and fixed income derivative assets.
“The new Asia Close service is a natural extension of Fitch Solutions’ CDS pricing service, and will provide users with even greater insight into the direction of credit risk to help them make informed investment decisions,” said Jonathan Di Giambattista, senior director, Fitch Solutions, New York.
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