Markit has launched a daily consensus spread service for CDS of ABS. CDS of ABS, also known as ABCDS, are credit default swaps referencing asset-backed securities. Markit’s CDS of ABS spread service receives daily feeds from market makers’ books of record. Spreads are cleaned and validated overnight before publication the following morning. Clients of the service can view and analyse spread changes over a day, week or month and sort data by rating, issuer, sector or region. The service covers the two largest asset classes: Residential Mortgage Backed Securities (RMBS) and Commercial Mortgage Backed Securities (CMBS). Additional instruments such as CDS referencing collateralised debt obligations, student loans, auto loans and credit cards will be added to Markit’s CDS of ABS spread service according to demand.
A-Team Insight Blogs
The transition away from LIBOR (London Interbank Offered Rate) is well underway, but there remains considerable ambiguity around how the final stages will be executed – especially with regards to benchmark replacements in markets outside the UK. What are the options, where are the uncertainties and what stage have firms reached in their preparations? The...
In an extraordinary achievement that attracted over 1,000 delegates and well over 20,000 views, A-Team Group’s debut Virtual Data Management Summit went live last week to showcase the most cutting-edge content from an industry that has shown itself to be both resilient and responsive to the unique challenges presented by the ongoing coronavirus epidemic. Focusing...
Data Management Summit USA Virtual will explore how sell side and buy side financial institutions are navigating the global crisis and adapting their data strategies to manage in today’s new normal environment.
he US may seem to be ahead of the rest of the world in terms of championing the data management cause with the inclusion of reference data focused items in the Dodd-Frank Act, but Europe is not too far behind. Senior European level officials such as European Central Bank (ECB) president Jean-Claude Trichet have taken...