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

A-Team Insight Blogs

Markit and Cairn Capital to Launch European ABS Performance Monitor

Subscribe to our newsletter

Markit, a global financial information services company, and Cairn Capital Limited, a credit asset management and advisory firm, today announced the forthcoming launch of the Markit ABS Performance Monitor platform. This new service will combine Markit’s ABS surveillance capability with Cairn’s advisory and credit market expertise to provide state of the art performance monitoring for European asset-backed securities (ABS).

The Markit ABS Performance Monitor is an advanced application that will provide consistent, detailed analysis of European ABS deals. Users will gain access to comprehensive one page deal summaries, both current and historical, with the ability to drill into details such as comparable key performance indicators, recalculated credit enhancement and excess spread, collateral stratifications, bond payment information and comprehensive documentation.

Markit’s Monitor will also incorporate advanced graphing functionality, offering both deal defined trigger settings as well as user defined triggers with traffic light alerting.

Kevin Gould, executive vice president of Markit, said: “Markit continually strives to innovate and enhance our products and services to meet market demands. This relationship with Cairn allows us to combine our capabilities in ABS data with the proven expertise of a leading asset management and advisory firm to produce an advanced monitoring tool that will allow users to quickly determine the status of their ABS positions.”

David Littlewood, director of Cairn, said: “We have spent the last few years building our own European ABS performance data, drawn from trustee and servicer reports, to support our asset management and advisory businesses. By joining forces with Markit to develop the European ABS Performance Monitor, Markit and Cairn have created a product that incorporates extensive input from both a market participant and a leading data provider. For this reason we are confident that this product will quickly become the market standard for European ABS.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data standards and global identifiers update

Data standards and global identifiers are the international language of capital markets – but how widely have they been adopted, how useful are they in practice, and can they stand the test of sustaining stable markets? This webinar will review data standards and global identifiers available in capital markets, discuss their adoption, and consider best...

BLOG

ANNA Plans Implementation of Revised ISO 6166 ISIN Standard in February 2023

The Association of National Numbering Agencies (ANNA) will implement the revised ISO 6166 International Securities Identification Number (ISIN) standard on 2 February 2023. The revised standard was published in February 2021 and is designed to bring additional clarity and transparency to the identification and reporting of trades through the use of international standards. Highlights of...

EVENT

Data Management Summit New York City (Redirected)

Now in its 8th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Corporate Actions USA 2010

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...