MarkitHomebulletCareersbulletContact UsbulletSite Mapbullet
Default Message
 

Mark-it Signs Distribution Agreement with RiskMetrics Group

London, 4 October 2004 - Mark-it Partners Ltd. (www.mark-it.com), the world's first integrated daily pricing service for global credit derivative, cash and loan instruments, today announces the signing of three significant new contracts with various financial institutions.

Testifying to its position as the international data provider of choice, Swiss Re and Bayerische Hypo-und Vereinsbank AG have each signed contracts this year for Mark-it CDS, Bond and Loan data as well as Totem's Valuation Services.

Frank Ronan, Chief Financial Officer of Swiss Re says "Mark-it Partners' superior data and established industry reputation prompted us to acquire its range of data products, which we expect to enhance our ability to trade and manage credit risk."Lance Uggla, Chief Executive Officer of Mark-it Partners comments, "Attracting such high calibre customers who are using our data across the board in this manner demonstrates the vital role Mark-it Partners' plays within the industry. Moreover, the integration of the LoanX and Totem datasets and the resulting synergies of our combined offering demonstrates the value of Mark-it data to all of our users."

Mark-it Contributing Partners and Equity Investors


  • ABN AMRO
  • Bank of America
  • Citigroup
  • Credit Suisse First Boston
  • Deutsche Bank
  • Dresdner Kleinwort Wasserstein
  • Goldman Sachs
  • JPMorgan Chase Bank
  • Lehman Brothers
  • Merrill Lynch
  • Morgan Stanley
  • TD Securities
  • UBS Bank

For further information, please contact:

Mark-it Partners

Lance Uggla
Chief Executive Officer
Tel: +44 (0) 1727 734 201
Email: lance.uggla@mark-it.com

or

Kevin Gould
Chief Operating Officer
Tel: +44 (0) 1727 734 207
Email: kevin.gould@mark-it.com

Citigate Dewe Rogerson


Patrick Evans/Clare Allison/Rebeca Denny
Tel: +44 (0)20 7638 9571
Email: firstname.lastname@citigatedr.co.uk

 

About Mark-it Partners Ltd

Launched in February 2003, Mark-it Partners Ltd (www.mark-it.com) is an independent company offering the world's first daily service for pricing credit derivatives and cash credit instruments, providing credit data to any market participant for the first time.

Mark-it Partners contributing Partners include ABN Amro, Bank of America, Citigroup, Credit Suisse First Boston, Deutsche Bank, Dresdner Kleinwort Wasserstein, Goldman Sachs, JPMorgan Chase Bank, Lehman Brothers, Merrill Lynch, Morgan Stanley, TD Securities, and UBS. These banks feed current and historical credit data into the Mark-it system on a daily basis, facilitating better decision-making and credit risk management within banks' credit operations.

In January 2004, Mark-it Partners acquired US-based syndicated loan broker and data provider, LoanX. The combined customer bases on Mark-it Partners and LoanX now include over 100 international financial institutions that receive market valuations on corporate bonds, credit default swaps and syndicated bank loans on a daily basis. Customers can compare this related pricing information in order to increase credit market transparency and liquidity, as well as manage risk more precisely.

 

View all Press Releases