September 16, 2014
Allianz Selects Thomson Reuters Pricing Service for Fixed Income Pricing Requirement
NEW YORK – Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that Allianz, a leading global financial services firm, has selected it to provide their fixed income pricing requirements. Thomson Reuters Pricing Service (TRPS), an independent pricing service covering over 2.5 million global fixed income securities, derivatives and bank loans, will work closely with Allianz to help them meet their valuation, reporting and regulatory requirements by having a robust risk management process in place.
As a leading global financial services firm, Allianz is focused on meeting the increasingly complex web of regulatory challenges faced by the financial services industry today. International Financial Reporting Standards 13 (IFRS 13) accounting requirements enhances a reporting entity's disclosure responsibilities requiring entities to lay bare the valuation techniques and inputs used to arrive at their reported fair value measurements. TRPS will work with Allianz to help them meet their IFRS 13 requirements. TRPS is supported by experienced evaluators who apply consistent pricing methodologies, reflecting up-to-date market conventions and procedures in order to provide transparency into the inputs and techniques used to value illiquid and harder-to-value securities, which greatly facilitate the compliance task.
"At IDS GmbH – Analysis and Reporting Services, we are responsible for market data provisions for Allianz, a leading financial services firm serving millions of clients around the world. We have a best-practices process in place to ensure that all the data required is fully compliant with global regulations. Allianz selected Thomson Reuters Pricing Service because of its coverage, related asset class methodologies and the level of transparency offered to us," said Thomas Vogg, head of market data services at IDS GmbH – Analysis and Reporting Services, Allianz.
"We are delighted to be chosen by Allianz as the provider of choice for their end-of-day pricing and IFRS 13 requirements," said Marion Leslie, managing director, Pricing and Reference Services, Thomson Reuters. "Firms today are looking for transparency into the underlying methodologies and assumptive drivers that determine evaluated prices and with so much at stake, working with a trusted partner is essential for them."
"Being chosen by Allianz truly is a testament to the high quality of our pricing service," added Jayme Fagas, global head of Evaluated Pricing, Thomson Reuters. "We understand today's regulatory needs, and we work closely with our clients by offering direct access to our evaluators and through regular due diligence meetings. We are positioned to supply additional information on request and in a timely fashion to help address all evaluated pricing requirements."
TRPS is a global solution that covers over 2.5 million fixed income securities, derivatives and loans, priced daily, including: collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), credit default swaps (CDS), Corporates, US Municipals, and more. 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 is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.