From October 2010, this enhanced coverage will include euro, sterling and Swiss franc-denominated commercial paper (both interest bearing and discount) and euro denominated treasury bills. The Company plans to increase coverage further by incorporating other currencies and security types at a later date.
Interactive Dataâs evaluated pricing service can offer clients a high level of transparency, helping them to better manage risk and to comply with current regulatory and auditing demands. Regulations such as Basel II and UCITS III require funds to manage their risk efficiently, including their holdings in European money market instruments, and recent amendments to the US Securities and Exchange Commission (SEC) Rule 2a-7 impose portfolio quality, liquidity and other requirements on money market funds.
Anthony Belcher, director, European Fixed Income, Interactive Data, commented: "This addition to our evaluated pricing service will further enhance the breadth and depth of our coverage. With investment returning to European money market instruments and recent market volatility, our clients are keen to better understand their risk and mitigate uncertainty. The independent evaluated pricing we offer helps to meet clientsâ obligations from the regulatory standpoint and minimise the operational risk inherent to performing evaluations in-house.â
Interactive Data has decades of experience in providing independent evaluated pricing and is a recognised leader in the market. Interactive Data's teams of evaluators operate in three major time zones to evaluate approximately 2.8 million fixed-income and international equity issues every day, covering a broad range of instruments that include global asset-backed securities (ABS), mortgage-backed securities (MBS) and collateralised mortgage obligations (CMOs). Over 5,000 financial institutions in over 50 countries, including central banks, investment banks, major mutual and investment fund companies, subscribe to Interactive Data's evaluated prices.
Evaluated pricing for European money market instruments is available to clients worldwide from Interactive Dataâs Pricing and Reference Data business.