CMA Enhances Sovereign Debt Risk Management
Apr Wed 22 2009 at 2.58 pm
CMA, the credit information specialist, today announced the release of the DataVision sovereign CDS data pack.
The pack offers same-day price verification data for CDS referencing international government and US state debt as well as extensive risk and liquidity metrics and implied ratings. Pricing is sourced from DataVision's unique buy-side, consensus based model.
The release follows high demand for independent CDS pricing data for sovereign names from traders, central banks and risk managers as levels of government debt have risen as a result of stimulus measures taken on by governments around the world. The package will enable effective risk management of government bond exposures, accurate daily valuations of sovereign CDS positions as well as informing FX trading strategies.
“Sovereign CDS levels have come into increasing focus in recent months as government driven rescue packages have transferred risk from the corporate to the state level. We have noticed demand from firms who are non traditional credit market players expressing a need for accurate price information on sovereign entities so it made sense to offer a new data cut which enables clients to effectively monitor the risks associated with their sovereign debt and currency exposures in a cost-effective way.”— Laurent Paulhac, CMA’s CEO