Markit announces launch of new pricing service for CLO tranches

By Tali David

Minneapolis, May 2 - Markit announced the launch of a new service for the pricing of collateralized loan obligation tranches, according to a news release.

The new service covers more than 5,000 investment-grade tranches of U.S. and European CLOs and was launched in response to demand from customers for a high quality, independent data source for CLO pricing. The data provided by Markit will be used for price discovery, price verification, valuation and risk management.

The service uses observable market data and best-in-class models to value CLOs, the release said. Markit will provide customers with detailed information on data inputs and the assumptions used in the evaluation process, ensuring transparent valuations.

Customers will also gain access to Markit's expert team of CLO evaluators in addition to a price challenge process.

Markit is a financial information services company.

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