The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

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.

Related content

WEBINAR

Recorded Webinar: A new way of collaborating with data

Digital transformation in the financial services sector has raised many questions around data, including the cost and volume of reference data required by each financial institution. Firms want to pick and choose the reference data they need to fulfil their requirements. Emerging solutions with the potential to decrease the cost of data and increase flexibility...

BLOG

Lack of Equivalence Post Brexit Raises Costly Data Management Concerns

The UK has finally left the European Union. A trade deal was wrung out at the eleventh hour, allowing the two sides to trade with zero tariffs and quotas, but the financial services industry has been left hanging – with talk of an MoU around the regulation of financial services being reached by March 2021...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together 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

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...