Markit unveils CDS of ABS spread valuations

Data provider Markit has begun a daily service providing fair-value spreads for credit default swaps referenced to certain asset-backed securities in North America.

The firm says the first daily fair-value CDS of ABS spread facility will provide independent spreads for research, mark-to-market and valuation purposes. It adds that the service will aid clients in meeting mark-to-market accounting requirements under FAS 157.

Markit receives daily feeds on CDS of ABS from 10 market-makers' books,

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: