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

Prime Source Extends Agreement with CDO2

Subscribe to our newsletter

Prime Source (NYSE Euronext) Limited, a wholly-owned subsidiary of the NYSE Euronext group specialising in providing independent valuations including derivatives and hard to value securities for banks and investment funds, and CDO2 Solutions Limited (CDO2), a market-leading system provider for pricing and risk analysis for structured credit derivatives, announced today the deployment of an enhanced service for performing independent valuations of structured credit products.

By integrating CDO2’s CDOVaR.net Pricing platform into Prime Source’s service, customers are able to obtain independent valuations of their bespoke CDOs or off-the-run index tranches in a timely and efficient manner. This extended service provides accurate, cleansed CDS quotes with automated robust correlation calibration and mapping techniques required in the current markets.

Marie-Hélène Crétu, CEO of Prime Source, said “We are delighted to be consolidating our existing close working relationship with CDO2. For the past three years CDO2’s market-leading analytics and grid-based
technology have given us the capability to handle a wide range of complex synthetic and hybrid credit structures and the flexibility to deal with the many unique features that we encounter. Combining
CDOVaR.net with our existing automated processes will add considerable operational benefits enabling us to value portfolios of complex synthetic credit structures much faster, bringing real added benefits to our clients whose positions and portfolios we value.”

Gary Kendall, Director of CDO2 said “We are very impressed by Prime Source’s approach to delivering independent valuations for client portfolios and are delighted to be strengthening our relationship with
them. Their market knowledge and expertise, combined with the market data available to them, gives their independent valuation service the same capabilities for comprehensive pricing and risk analysis of
structured credit portfolios as our customers who run CDOVaR.net directly.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to harness the power and potential of ownership data

The importance of ownership data has escalated over the past few years as financial institutions have acknowledged its potential. Key use cases include integrated risk assessment, which uses ownership data to help financial institutions gain a clear understanding of supplier and customer networks, and identify and mitigate risk. Equally significant is the use of ownership...

BLOG

How to Get Ahead on the Data Governance Journey

Data governance that delivers benefits to the business needs to pull together people, process and technology by embracing data ownership, managing metadata, ensuring data quality, and continually improving automation. These are just some of the guidelines for successful data governance set out by a panel of experts at A-Team Group’s recent Data Management Summit in...

EVENT

FinCrime Tech Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its FinCrime Tech Briefing taking place in both London and New York this summer and focusing on RegTech for AML and Financial Crime Compliance.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...