Bloomberg Users Gain Access to Mark-it's Reference Entity Database (RED)

Dealers Now Have Instant Access to RED via the Bloomberg Trading Platform

London, 8 November 2004 - Mark-it Partners Ltd. ("Mark-it"), the world's first integrated daily pricing service for global credit derivatives, cash credit instruments and syndicated loans, today announced that Bloomberg has incorporated Mark-it's RED (reference entity database) data into its service. By integrating this database into its descriptive, analytical and electronic trading pages for credit default swaps and related markets, Bloomberg is enhancing its comprehensive and easy to use Bloomberg terminal at no additional cost.

In addition, dealers on Bloomberg's Auto Execution platform now have the ability to quote bid / offer spreads based on standard contracts, using the RED reference entity names and the RED default reference obligation.

Lance Uggla, CEO of Mark-it Partners comments, "Bloomberg's use of this service enforces Mark-it RED's position as the reference data standard in the credit markets. The ubiquitous nature of Bloomberg's products means that an even greater proportion of the business community will be able to access and benefit from RED, bringing greater transparency the market."

"Executing via Bloomberg's CDS Auto Execution platform is key for our business," said Charles Longden, Global Head of Structured Credit Trading at ABN AMRO. "RED, as the market standard for reference entity data, facilitates client acceptance and helps augment Bloomberg's extensive offering to the marketplace."

"Bloomberg continually adds value to our customers through product enhancements and the addition of analytics and data in one complete package, " according to Leslie van Orsdel of Bloomberg. "Bloomberg terminal users who trade electronically will now have even more standardisation of deal details for speed and accuracy of trading. They will have the ability to use RED, the market standard for reference entity information, in their communications with counterparties over the Bloomberg terminal."

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For further information, please contact:

Mark-it Partners

Citigate Dewe Rogerson

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

Notes to Editors

About Mark-it Partners

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.

In May 2004, Mark-it Partners acquired UK-based Totem Market Valuations, a provider of OTC derivatives consensus valuations. Totem Market Valuations Ltd was formed in 1997 to provide essential independent market price information on the OTC derivatives markets to product controllers and risk managers. The company covers the equity, interest rate, bond, foreign exchange, credit and commodity derivatives markets. This acquisition by Mark-it provided participants with an unparalleled range of data, enabling them to meet increasingly stringent regulatory and accounting requirements.