According to Logan, Chasen’s expertise will be instrumental in Markit’s pricing of future cash flows from credit default swaps (CDS) on ABS. The firm plans to launch a central monitoring and settlement platform for CDS of ABS called Reference Cashflow Database within two months.
The platform will, Markit claims, help standardise the process of identifying and calculating the effects of events, such as interest rate shortfalls or writedowns, and their settlement procedures.
Markit also plans to hire about 30 more people specialising in ABS by the end of 2007.
The week on Risk.net, July 14–20, 2017Receive this by email