Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, today announced that its Pricing and Reference Data business has broadened the capabilities for its interest rate swap valuation service. This service assists clients by providing information they can use to help efficiently value their portfolios containing these over-the-counter (OTC) derivatives. The service has added coverage of swaps in the following seven currencies (since December 2009): Hong Kong dollar (HKD), Korean won (KRW), Malaysian ringgit (MYR), Singapore dollar (SGD), Taiwan dollar (TWD), Thai baht (THB), and Turkish lira (TRY). It now provides coverage for single currency interest rate swaps for a total of 22 major currencies worldwide. Interactive Data estimates that it currently covers over 96 percent of the total notional amount of interest rate swaps outstanding. The Bank for International Settlements (BIS), in its semiannual OTC derivatives statistics release at the end of March 2010, found that the notional amount of interest rate and currency swaps outstanding was $365.7 trillion at year-end 2009. The interest rate swap valuation service now provides valuations of fixed-for-fixed cross currency swaps in any combination of currency pairs offered. Also available are valuations for irregular schedule amortizing and accreting single currency swaps, along with irregular schedule step-up and step-down single currency swaps. In addition, the service has been expanded to offer valuations of cross currency basis swaps for an additional three currencies against the U.S. dollar (USD) along with valuations for 13 cross currency basis swap pairs against the European euro (EUR). “We continue to build out the capabilities and currency coverage of our interest rate swap valuation service to help our clients better manage their valuation process for global OTC derivatives,” said Liz Duggan, managing director, Evaluations. “Clients need valuation services with strong operational infrastructure and transparency. Our expanded service provides transparency to the valuations through the inclusion of the underlying curve data that supports these valuations.”
Interactive Data provides current and historical valuations for a wide variety of alternative investments; depending upon the currency, historical valuations are available back to June 2007. The service offers user-friendly asset setup screens and the ability to upload trade data and download output files, which can help limit the occurrence of manual input errors.About Interactive Data Corporation Interactive Data Corporation (NYSE: IDC) is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data’s offerings can help clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has more than 2,400 employees in offices worldwide. Pearson plc (NYSE: PSO; LSE: PSON), an international media company, is Interactive Data’s majority stockholder. Pricing, evaluations and reference data are provided in the U.S. through Interactive Data Pricing and Reference Data, Inc. and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd. For more information, please visit www.interactivedata.com.