Markit is a financial information services provider. Markitâs cashflow models help customers to evaluate collateralised mortgage obligations (CMOs) and asset-backed securities (ABS), and to manage interest rate, prepayment and default risk in fixed income portfolios. The integration of Markitâs cashflow models with Ambit will help mutual customers to improve the understanding and management of their risk.
Ben Logan, managing director of structured finance at Markit, commented: âWe believe this is a strong partnership for customers of both companies. Markit customers who already rely on our data and analytics tools will now be able to benefit from a complete ALM suite using the Ambit offering.â
Andi Hug, group vice president of risk and compliance solutions in SunGardâs banks and corporations business, said: âThe current financial crisis means that financial institutions require a timely and comprehensive understanding of the cashflow characteristics of the CMO and ABS holdings. By giving Ambit customers access to Markitâs cashflow models, we are providing a complete ALM solution that will help them improve their risk assessment abilities.â