Markit introduces US ABS service

Independent data provider Markit Group has produced a performance monitoring tool for US asset-backed securities.

Launched in response to market conditions, Markit says its US ABS Performance Data tool will bring greater transparency to the subprime mortgage market. The platform combines historical data at the bond, collateral pool and loan level to provide ABS market participants with information for deal monitoring and securitisation analysis. Markit plans to add residential mortgage-backed se