NEW YORK, NY â April 20, 2005 â Enhancing the transparency and efficiency of the debt markets, Standard & Poorâs announced today that its Associated Obligor Link service is now available through Securities DataManager, Standard & Poorâs reference data management solution. Standard & Poorâs, a leading global provider of independent research, ratings and indices, will leverage the benefits of the two products to enable clients to identify the ultimate obligors or guarantors responsible for issued debt using a 6-digit Reference ID number and a 9-digit CUSIP number for the linkage. Credit analysts, risk and portfolio managers, as well as compliance officers now have access to obligor data in addition to real-time securities data updates from Securities DataManager.
"Bond market participants face unprecedented investor and regulatory demands for in-depth, timely and informative bond data to better manage risk and make informed investment decisions," explains Jim Taylor, Managing Director, Standard & Poorâs. "These automated systems streamline the research process and provide added visibility of investment opportunities and exposure on a portfolio or enterprise-wide basis."
The Associated Obligor Link enables fixed income professionals to better manage credit and investment risk by eliminating the manual process of linking debt service obligors with associated issues available through Securities DataManager, which delivers descriptive bond data with continuous intraday updates to major institutions nationwide. The combined services provide an automated, efficient and accurate way to research the complex interrelationships between obligor/guarantors and the securities for which they serve as credit enhancement providers.
Leveraging these integrated solutions reduces the time, cost and effort market participants must expend to identify obligors whose creditworthiness could impact the valuations of their fixed income holdings in keeping with Basel II credit risk management requirements. Securities DataManager delivers updated securities data within 15 minutes in support of the new Municipal Securities Rulemaking Board (MSRB) trade reporting requirements.
In addition to assisting financial institutions with internal and regulatory compliance, the combined services help users more efficiently evaluate potential investments, monitor ongoing entity exposure and reexamine investments in light of market-changing events such as mergers, acquisitions, bankruptcies or rating changes. Providing the Associated Obligor Service through the Securities DataManager platform also can minimize the programming costs of developing the complex business rules needed to synchronize information with Securities Data Managerâs trading, clearance, settlement and compliance data.