Markit’s European ABS platform

In today’s fast moving and often volatile markets, access to reliable, accurate and timely information is critical to the management of risk and identification of opportunities. The continued rapid growth of the European ABS markets has created the need for heightened levels of vigilance, risk management and surveillance.

In response to market demand to address these issues, Markit has developed, in conjunction with both buy and sell side firms, a powerful new integrated ABS Price and Performance platform. For the first time, market participants can simultaneously view and track daily price movements of bonds and review the underlying performance and risk within European ABS, RMBS and CMBS issuance.

Markit has combined and expanded the surveillance, research and credit enhancement content of ABSReports with its European ABS market maker contributed pricing service to create a rich data set that addresses the needs of all segments of the ABS community including cash and synthetic positions.
Data can be viewed online through a robust and flexible Web interface, or downloaded via a bulk automated process.

Markit European ABS Pricing and Performance

Clients can select from a range of services including: 

• ABS pricing and performance as an integrated seamless service 
• ABS performance only - available as a view only facility or the powerful combined view and data download facility 
• ABS pricing only - delivered through a web interface and by download facility
  

Markit European ABS Pricing

• The service currently publishes daily pricing on nearly 5000 European ABS bonds based on contributions from 29 market makers 
• Markit offers coverage on the universe of structured products in Europe, including RMBS, CMBS, ABS and cash CDOs 
• Contributions are subjected to multiple cleaning algorithms to produce a rigorous, concentrated data set comprising of composite bid and offer spreads, composite bid and offer prices, and weighted average lives
• Markit’s European ABS pricing service publishes independent sector analytics including spread data for ABS sectors and also provides capital structure spread charts 
• Automation of pricing requests via a single electronic pricing feed delivers operational efficiency to the mark-to-market process
  

Markit ABS Performance Data

Markit ABS Performance Data is the essential time saving resource for European securitisation data and deal research, contributing to the creation of a truly transparent and liquid market in European ABS securities and related synthetic products. 

• Markit’s performance reporting service currently provides detailed contact, rating, pool performance and credit enhancement data on over 1,800 European ABS MBS and cash CDO deals
• Over 17,000 asset class specific collateral reports 
• Text searchable fully indexed offering documents and deal documents 
• Comprehensive archive of original investor reports 
• New deals are added as listed and deal pool performance is constantly updated upon receipt of reports