Markit Named Pricing Agent for Credit Suisse Leveraged Loan Indices Montag, 29. April 2013 - 16:05

London and New York, NY – Markit, a leading, global financial information services company, today announced that it has been appointed as the independent pricing agent for the leveraged loan indices administered by Credit Suisse.  Pricing data from Markit will be used by Credit Suisse to calculate the total returns and other analytics for the Credit Suisse Leveraged Loan Index, Credit Suisse Western European Leveraged Loan Index and their sub-indices.Jonathan Blau, Managing Director and Head of Global Leveraged Finance Strategy at Credit Suisse, said: “Markit’s loan pricing is unmatched in breadth, depth and accuracy.  Their expertise makes them a natural choice to be our independent price provider, and we are pleased to be working closely with them on our loan indices.”Ed Chidsey, Managing Director and Global Co-Head of Data Services at Markit, said: “Credit Suisse is a pioneer in the development of leveraged loan indices and working with them reinforces Markit’s position as the leading provider of independent, high-quality pricing data services to the syndicated loan markets.”

Markit Loan Pricing provides more than 400 clients with daily and intra-day independent pricing for 6,400 syndicated loan facilities globally.  Markit’s loan valuations are produced using observable market data drawn from more than 60 global financial institutions active in the loan markets.  In addition to loan valuations, Markit provides clients with liquidity scores and metrics, such as bid-ask spread and market depth, for each instrument.  Liquidity data, including 30, 60 and 90 day moving averages, give clients detailed market context about their loan assets.

The Credit Suisse Leveraged Loan Indices are among the longest-running and most referenced in the leveraged loan market.  The indices are widely used by market participants to gain insight into loan market performance.