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

Markit Updates RED Following Fannie Mae and Freddie Mac Rescue

Subscribe to our newsletter

Following the government rescue of US mortgage providers Fannie Mae and Freddie Mac, Markit has issued new versions of its CDX indices and the affected Markit RED codes, which include references to either of the providers.

The rescue is classified as a bankruptcy credit event under the International Swaps and Derivatives Association (ISDA) credit derivative definitions and this means indices that include either Fannie Mae or Freddie Mac as a constituent must be altered. As a result, new versions of all Markit CDX indices that include either Fannie Mae or Freddie Mac as a constituent were published with both entities removed. New Markit RED codes were also issued for the new versions of the Markit CDX indices, as well as for the Fannie Mae and Freddie Mac post-credit event entities, in order to reduce legal and operational risk in the credit derivative market.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Leveraging NLP for regulatory compliance

As regulatory compliance becomes more complex, requires larger volumes of data – both structured and unstructured, and comes under greater scrutiny by regulators, financial institutions are looking for RegTech solutions that can help them increase efficiency, reduce costs, and improve the accuracy of regulatory data. One such solution is natural language processing (NLP), which can...

BLOG

SmartStream Chief Jaffer Sees Rapid Change in Year at Helm

Just over a year into his tenure as chief executive of financial data automation provider SmartStream, Akber Jaffer finds himself surveying a data industry that’s changed enormously over his short time at the UK-based company. Chat GPT was a year old when he took on his new role and the artificial intelligence (AI) technology’s revolutionary...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...