The S&P U.S. Commercial Paper Index is a new, broad-based index designed to serve the investment communityâs need for a benchmark representing the U.S. commercial paper market. Interactive Data delivers daily, independent evaluations for more than 3,000 commercial paper issues to S&P for its use in valuing the index.
âAs a trusted provider of independent evaluations, Interactive Data is pleased to deliver this information to Standard & Poorâs Index Services for its closely followed U.S. Commercial Paper Index,â said Shant Harootunian, managing director, Evaluations for Interactive Data. âIt is rewarding to see that our daily evaluations for a wide range of securities are enabling a growing and diverse group of clients to obtain critical inputs for their valuation process.â
âWith commercial paper being a key component of todayâs capital markets, the S&P U.S. Commercial Paper Index is the first broad benchmark for measuring the performance of and providing additional transparency into this market,â said James Rieger, vice president of Fixed Income Indices, Standard & Poorâs. âIt was important for us to choose a provider of evaluations that offers coverage for the comprehensive collection of securities which comprise this index.â
Interactive Data, through its Pricing and Reference Data business, is a leading independent provider of daily evaluations for fixed income securities. With over 30 years of experience, Interactive Data's teams of evaluators operating in three major time zones evaluate approximately 2.5 million fixed income issues every day. Thousands of financial institutions worldwide, ranging from central banks to large investment banks, subscribe to Interactive Data's bond evaluations.
The S&P U.S. Commercial Paper Index was named this yearâs Most Innovative Benchmark Index at the fifth annual William F. Sharpe Indexing Achievement Awards produced by the Index Business Association (IBA) and Information Management Network (IMN).