Vichara Technologies, a provider of valuation and risk management solutions for structured finance, has integrated its V* CLO solution with Markit’s pricing services.
The collaboration between Vichara and Markit will allow mutual clients to access Markit’s pricing service within Vichara’s platform.
Markit will provide daily pricing feeds for leveraged loans, corporate bonds, CLOs and loan mapping services within the V* CLO framework for immediate data access.
The V* platform allows for forecasting, valuation and analysis of CLOs, CBOs, CDOs and other corporate-credit-linked securitizations to improve investors’ decision support, risk management, surveillance, and accounting procedures.
“Markit’s bond and loan pricing and comprehensive mapping services enhance our relative value framework by informing important CLO risk measures such as market value coverage and liquidation value,” says Steve Segretta, Vichara’s head of CLO and corporate credit products. “These prices are integral to our broader strategy of providing customers with best-in-class analytics on underlying collateral.”
Nathan Kirk, director of structured finance at Markit, says: “We are pleased to team up with Vichara through our Global Alliance Programme. This will enable our mutual customers to use Markit’s loan, bond and CLO pricing data from Vichara’s platform.”