September 26, 2013

Thomson Reuters Launches CDO Pricing Service

New offering builds on growing coverage of asset classes for evaluated pricing

NEW YORK - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the launch of a new service for the pricing of collateralized debt obligations (CDOs). This new pricing capability covers all three major CDO types – Asset-Backed Security CDOs, Commercial Real Estate CDOs, and Trust Preferred Security CDOs, providing end-of-day valuations based on asset-level analysis. CDOs are priced by a team of expert evaluators, with access to analytics and current market color which is then applied to the fundamental cashflow analysis, offering customers greater transparency into the complex CDO market. The offering is part of Thomson Reuters Pricing Service (TRPS), a global solution that provides evaluated prices to support portfolio, fund and single security valuations.

“The evaluated pricing space continues to grow at a rapid rate based on increased demand for independent and transparent pricing,” said Debra Walton, managing director and head of Enterprise Content at Thomson Reuters. “This new offering further demonstrates our commitment to provide our clients with the most accurate, timely and comprehensive pricing to support their needs.”

The launch of the new CDO pricing capability supports Thomson Reuters vision to bring greater transparency to the financial community and further expands the breadth of evaluated pricing data available through TRPS.

“As portfolio managers continue to search for higher yielding assets, we are pleased to extend our evaluated pricing services to include this hard-to-value asset class,” said Jayme Fagas, global head of evaluated pricing at Thomson Reuters. “In addition to the newly added CDO valuations, TRPS evaluated pricing is comprehensive for all securitized products, including our market leading CLO pricing.”

TRPS is a global solution that covers over 2.5 million fixed income securities, derivatives and loans, priced daily. Prices are delivered throughout the day or at market closing times around the world depending on the asset class, with supporting commentary to provide insight on the day’s events.

Thomson Reuters

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