Vichara Technologies, Inc., a leading Capital Markets technology firm specializing in valuation and risk management solutions for structured finance today announced the certified integration of Vichara's 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 seamless and immediate data access to meet the demanding needs of today's CLO managers. The V* platform allows for comprehensive 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," explained Steve Segretta, Vichara's Head of CLO and Corporate Credit Products. Further, he added "These prices are integral to our broader strategy of providing customers with best-in-class analytics on underlying collateral."
"We are excited to be integrated with one of the industry's leading market data providers. Our association with Markit will enable better price discovery and enhanced data transparency for our clients," remarked Atul Jain, CEO - Vichara Technologies.
Adding further, he said "In cognizance of the industry's needs, we have built solutions that can be seamlessly integrated with best of breed market data providers to maintain an edge in today's competitive markets. Markit is a pioneer in providing high quality data for credit markets, and the integration will help our clients better manage their portfolios and identify more investment opportunities." Nathan Kirk, Director of Structured Finance at Markit, said "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."