Royal Bank of Scotland has signed up to Lombard Risk Systems' ValuSpread Credit price verification service.
The bank will use ValuSpread Credit to observe credit default swap market prices for trader analysis and for independent price verification
of its traders' closing prices.
THe service was launched in 1999 and currently has 29 contributors and provides data and analytics on a daily basis for both plain vanilla instruments and complex structured credits.
Lombard Risk Systems says data is currently available for close to 5000 global credits and over nine million historic data points.