Services for Banks

In the cash, derivative and structured finance markets, we help hedge funds to address the need for independent loan and CDS pricing data, as well as independent valuations of OTC derivatives for accurate mark-to-market and risk management. This expertise has been expanded into the structured finance market with the Markit RCD, Markit ABS Reports and our European ABS pricing services. The Markit RED identification system for CDS is the benchmark service in the space. These proprietary data subscriptions are being combined with public data feeds, secure instant messaging and other services in the Markit Desktop to create a cost-effective and comprehensive view of market data.

In the equity space, nearly 100 banks around the globe rely upon Markit's dividend forecasting services, and over 50 banks use the Markit indices management service. These services help to manage risk and reduce expenses.

Markit is working with over 50 banks to reduce their OTC derivative trade processing risk and expense, delivering the MTP Trade Processing application to the sell-side and buy-side. This service is processing in excess of 50,000 OTC trades per month, making it the most widely-used derivative trade processing application serving banks.

Markit is also on the leading edge of development of new services to address emerging needs. Working closely with the banking community, we developed and recently launched Markit Document Exchange - our new product dealing with compliance and counterparty documentation.  Markit Document Exchange is aimed at reducing the time to market when it comes to client on-boarding, at the same time enhancing integrity of documentation as well as control over it.