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

Share article

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.”

Related content

WEBINAR

Recorded Webinar: Data Standards – progress and case studies

Global data standards and identifiers are essential to business growth, market stability and cost reduction – but they can be challenging to implement, while a lack of consistency across jurisdictions has presented obstacles to global take-up. However, with regulators starting to sit up and take note, the issue of data standards is coming increasingly to...

BLOG

GLEIF Calls Global Industries to Join Development of Cryptographically Verifiable LEI

The Global Legal Entity Identifier Foundation (GLEIF) has set out grand plans to create a digitised LEI service based on a digitally verifiable credential containing the LEI – the vLEI – and able to provide automated identity verification between counterparties. The ambition is for all industry sectors globally, including financial services, to embed new and...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Best Practice Client Onboarding

Client onboarding is central to the success of banks, yet it continues to present challenges and the benefits of getting it right are difficult to achieve. The challenges arise from siloed systems, manual processes and poor entity data quality. The potential benefits of successful implementation include excellent client experience, improved client acquisition and loyalty, new business opportunities, reductions in costs, competitive advantage, and confidence in compliance.