Interactive Data to Provide Full Coverage of Austraclear Money Market Securities to Clearstream
NEW YORK, NY and HONG KONG, CHINA and SYDNEY, AUSTRALIA -- (Marketwired) -- Interactive Data, a leading provider of independent evaluated pricing and reference data services, today announced that it will be the primary source of money market evaluations to Clearstream, who have been selected as the collateral management platform supporting the new Australian Security Exchange (ASX) Collateral Service.
ASX Collateral is a centralised collateral management service that leverages technology provided by Clearstream to facilitate the allocation and optimisation of collateral across an array of bilateral agreements and counterparties, providing significant efficiencies and benefits to customers. Interactive Data is providing valuations of all Austraclear securities to Clearstream in support of the ASX Collateral Service.
"'With new regulations such as Dodd Frank, Basel III and EMIR placing a focus on collateral management, the importance of risk management departments in the maintenance of market stability and resiliency, as well as enhancing transparency has never been greater", said Dan Videtto, President Asia Pacific at Interactive Data. "We are delighted to have been selected to provide evaluated pricing for this new project. With full coverage of all Australian money market instruments, Interactive Data is well positioned to serve this market."
"The Interactive Data evaluations will further increase the robustness of our collateral management offering as Clearstream performs a daily mark-to-market valuation of the collateral securities and instructs margin calls to keep the collateral value in line with the underlying exposure," said Stefan Lepp, Member of the Executive Board and Head of Global Securities Financing at Clearstream. "As members of the Liquidity Alliance, Clearstream and ASX will benefit from this service that can be extended to the other member companies around the globe."
"'ASX customers know they can trust ASX Collateral to value securities used as collateral and to take the appropriate action to reflect that valuation. Interactive Data is the pre-eminent price source for Australian fixed income securities. So we are delighted that Interactive Data will be the priority price source for ASX Collateral, including for the $2.5 billion of collateral currently under management by the service," said Andrew White, General Manager, Settlement Services at ASX.
Interactive Data is an award winning* industry leader in independent evaluated pricing, setting the standard for quality, reliable delivery and coverage. The company has expanded its coverage to include all Australian money market instruments. With local teams of evaluators operating in the U.S., U.K., Germany, Hong Kong and Australia, Interactive Data is well positioned to support evaluation requirements globally.
In addition to providing evaluated prices to CBL for ASX Collateral, Interactive Data also provides evaluations for some of the world's leading index providers, including Barclays, MSCI and BlackRock. Interactive Data delivers daily evaluations representing approximately 100 countries and 30 different currencies for 2.7 million financial instruments.
*Interactive Data was awarded 2014 Best Evaluated Prices Service Provider and Best Reference Data Provider by Inside Market Data / Inside Reference Data.
About Interactive Data Corporation
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data has over 2,500 employees in offices worldwide.
Pricing, evaluations and reference data are provided in the US through Interactive Data Pricing and Reference Data LLC and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.
For more information about Interactive Data please visit: www.interactivedata.com.
For further information, please contact: Interactive Data Todd Swearingen Media Relations Tel: +1 212 497 3399 Email: [email protected] Follow us on Twitter: https://twitter.com/InteractiveData