FT Interactive Data offers daily evaluated pricing via absreports.com

Users of both FT Interactive Data and absreports.com services can now view pool performance reports and cash flows, browse and search deal documentation, and obtain daily bond evaluations for European asset-backed and mortgage-backed securities.

FT Interactive Data, the major operating division of Interactive Data Corporation (NYSE: IDC) and a leading supplier of financial information and analytical software to global markets, has made available its daily bond evaluations for European asset-backed securities (ABS) and mortgage-backed securities (MBS) via absreports.com, which provides detailed contact, transaction and performance data for the European securitisation industry.

By clicking on a link within absreports.com, users can now access FT Interactive Data's desktop portfolio administration tool, FTS, and view online daily evaluations for over 450 hard and soft bullet issues.  These include residential mortgage-backed securities (RMBS) - the largest growth area within European securitisation - credit card deals, and whole business securitisation deals.  The bond evaluations can also be downloaded.

Users of both FTS and absreports.com are now able to view pool performance reports and cash flows, browse and search deal documentation, and obtain daily evaluated prices for European ABS and MBS securities.

FT Interactive Data is a leading independent provider of daily evaluations for fixed income securities.  Backed by 25 years of experience in the bond markets, FT Interactive Data provides daily evaluated prices - known as bond evaluations - for more than 2.5 million fixed income securities, including European and North American ABS and MBS.  FT Interactive Data also offers bond evaluations for the following asset classes: straight and floating corporate; high yield and defaulted debt; convertibles; agencies; CMOs; government; covered bonds - Pfandbriefe; money markets CP/CDs, and municipals.

Peter Jones, European director of evaluation services for FT Interactive Data, said: "FT Interactive Data's evaluated pricing can help our clients with their valuation obligations and the demands of risk and portfolio management.  Our fixed income coverage is steadily increasing as a result of new issues and customer requests.  The relationship with absreports.com benefits customers of both our companies by providing an enhanced offering of information on European ABS and MBS securities."

David Colling, product director of absreports.com, added: "In displaying collateral pool performance and daily evaluated pricing, FT Interactive Data and absreports.com help provide the essential information needed to create a more transparent European ABS market.  With an increasing amount of data available, Europe is beginning to benefit from similar levels of information that have long been available in the US."

About FT Interactive Data

FT Interactive Data (www.FTInteractiveData.com) is a leading provider of financial information and analytical software to global markets.  FT Interactive Data supplies global securities pricing, dividend, corporate action and descriptive information for over 3.5 million securities, including more than 2.5 million fixed income issues.

Through BondEdge®, FT Interactive Data is a recognised leader and independent source of fixed income portfolio analytics, risk management tools and quantitative research.

FT Interactive Data is the major operating division of Interactive Data Corporation (NYSE: IDC) (www.InteractiveDataCorp.com), a leading global provider of financial and business information to institutional and individual investors. Headquartered in Bedford, Massachusetts, Interactive Data Corporation has approximately 1,800 employees in offices throughout the world.

Interactive Data Corporation is approximately 60 per cent owned by Pearson plc and included within its Financial Times Group.  Other Financial Times Group companies include the Financial Times newspaper, FT.com and Financial Times Business.  Pearson plc is an international media company with market leading businesses in education, business information and consumer publishing.

For further information please see: www.FTInteractiveData.com

About absreports.com

An online service for the European securitisation  market, absreports.com is the first site to provide investors with detailed centralised data on the post-issuance performance of European asset and mortgage-backed securities.  The service provides regular reporting on three different levels:

  • collateral level data: regularly updated performance information on the underlying receivables
  • security level data: information on the securities issued by the SPV principally in relation to cash flows and payment priorities
  • transaction data: information on the structure of, and participants in, the transaction including indexed text searchable copies of the original prospectus

The site also contains an extensive library of research materials relating to the European securitisation market.

absreports.com is intended to help create a truly liquid secondary market in European asset-backed and mortgage-backed securities.

For further information please see: www.absreports.com

Further information

Sue Mitchell, FT Interactive Data
Tel: +44 (0) 20 7825 8076 Email: sue.mitchell@ftid.com