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
Markit Launches Daily CDS of ABS Spread Service…
Related content
WEBINAR
Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings
A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...
BLOG
Derivatives Service Bureau Sets Timeline for Consultation on OTC ISIN and CFI Services in 2022
The Derivatives Service Bureau (DSB) has published the timeline for its 2021 industry consultation on 2022 OTC ISIN and CFI service provision. Core themes focus on providing updates for service enhancements sought last year, as well as risk analysis relating to the DSB’s cybersecurity and cloud resilience. The OTC ISIN and CFI consultation will operate...
EVENT
RegTech Summit Virtual
The RegTech Summit Virtual is a global online event that will be held in June 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better 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.