UBS CreditDelta Enhances Portfolio Analysis With Integration Of Markit Benchmark Pricing
London, 24 January 2006 - UBS CreditDelta, the fixed income portfolio and risk management platform used globally by hedge funds and asset managers and Markit Group Limited ('Markit'), a leading source of independent mark-to-market pricing and valuations, today announced the availability of Markit?s benchmark pricing integrated with UBS CreditDelta for mutual customers.
Markit credit default swap pricing is now available to mutual customers within the UBS CreditDelta platform to help the hedge fund and asset management community exposed to credit derivatives to value, monitor and service their risk management needs using the best available benchmark credit data from Markit.
Julie Chakraverty, Global Head of Fixed Income Analytics at UBS said: ?This development demonstrates UBS CreditDelta's continued commitment to our clients? growing needs. We create true added value by providing our clients with both choice and technical excellence. It also represents a next step in UBS?s new Institutional Client Connectivity initiative, designed to extend our portfolio services model and establish seamless electronic gateways with our clients.?
"Markit is delighted to be working with UBS CreditDelta to further help joint customers get an integrated view of the best available credit pricing for their risk management needs,? said Mark Hunt, Director, Product Development at Markit Group.
About UBS CreditDelta
UBS, one of the world's flagship financial firms, is a leading wealth manager, a premier investment banking and securities firm, a key global asset manager and a market leader in Swiss retail and commercial banking.
UBS CreditDelta is an exclusive market and portfolio analysis tool, covering a broad range of debt and derivatives asset classes, aimed at helping fixed income asset managers improve portfolio performance. UBS CreditDelta?s clients dominate the league tables of asset managers, banks and hedge funds. They utilize the system to slice and dice their exposure, risk, and return, and intensively use the hedging, CDO and ALM tools to reengineer their portfolios. Many take advantage of the team?s advisory expertise, and the tailored solutions provided help address the most challenging asset management issues.
About Markit
Markit is a leading provider of daily, independent mark-to-market pricing, over-thecounter derivative valuations, dividend forecasting, index services and reference entity data. Pricing is drawn from over 50 dealing firms and provided to over 300 financial institutions globally.
Markit is the benchmark industry source of independent pricing and valuations for the global financial and energy markets. Markit has data contributed by over 50 dealing firms, and its services are used by 400 institutions globally. Areas of product expertise include OTC derivatives (credit, equity, FX, rates, inflation, energy, power, metals and structured products), corporate bonds, syndicated loans, dividend forecasting, and index and ETF management. Markit has most recently brought price transparency to the European assetbacked securities market with the launch of the first independent ABS pricing service. Markit's position in the derivative markets was acknowledged by the industry in 2005, with awards from Risk Magazine for Trading Initiative of the Year (Credit Event Fixings); IFR for Innovation of the Year (Credit Event Fixings); Financial News for Best Derivatives Data Provider; and Institutional Investor's Operations Management for Vendor of the Year (RED).
UBS
Julie Chakraverty, UBS CreditDelta +44 20 756 83436
julie.chakraverty@ubs.com
Markit
Teresa Chick, Markit Group Limited +44 (0)20 7890 5094
teresa.chick@markit.com