Fitch launches ABCDS pricing service

Source: Fitch Solutions

In order to meet the growing demand for an independent source of pricing data that covers the global ABS product spectrum, Fitch Solutions has launched Fitch ABCDS Pricing to compliment its existing single name CDS and Loan CDS services.

The service combines consensus pricing for asset-backed credit default swaps (ABCDS) with a benchmark service to provide a derived price for illiquid assets.

"Fitch ABCDS Pricing enables financial professionals to measure and monitor credit quality in order to help them make more informed investment decisions," said Thomas Aubrey, Managing Director at Fitch Solutions. "Fitch ABCDS Pricing offers a single reputable source of data that removes the requirement to consolidate and clean data from multiple sources. This provides greater transparency for shareholders and regulators."

Key features of Fitch ABCDS Pricing include:
  • Global coverage of over 7,500 ABCDS combining consensus pricing for liquid issues with benchmarking for illiquid issues.
  • Asset types include credit card and auto ABS, RMBS and CMBS --Managed data cleaning processes to produce premium quality and reliable spreads;

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