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A-Team Insight Blogs

S&P Selects SuperDerivatives Credit Derivatives Platform to Power New CDS Indices

It has been a busy month for Standard & Poor’s, what with the launch of a number of products from its Fixed Income Risk Management Services (FIRMS) business and the ongoing investigation of its pricing policies within its Cusip Service Bureau business. Just to prove that the other business lines are also beavering away, the vendor has announced that is has selected SuperDerivatives’ credit derivatives platform, SD-CD, to power its new credit default swap (CDS) indices.

The three new indices – the S&P 100 CDS, the S&P CDS US Investment Grade (IG) Index and the S&P CDS US High Yield (HY) Index –will use SD-CD for daily valuations and distribution. Additional credit indices, also powered by SD, will be introduced in the coming months, says the vendor.

James Rieger, vice president of Index Services at S&P, comments: “Following rigorous evaluation, we have chosen the SD-CD platform as our calculation benchmark for credit derivatives, bringing deep analytics, broad instrument coverage, and superior functionality to our family of new CDS indices.”

S&P’s CDS indices will be featured on the SD-CD platform along with other credit derivatives instruments. SD-CD covers a range of credit derivatives instruments such as CDSs, CDS indices, credit baskets and CDO and provides intraday two way pricing, portfolio utilities and market risk metrics.

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