Interactive Data Delivers Evaluations for GNMA Serial Notes Backed by Puerto Rico Collateral
January 09 2008 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services, today
announced that its Pricing and Reference Data business has begun
providing daily evaluations for Government National Mortgage
Association (GNMA) Serial Notes backed by 100% Puerto Rico
collateral. By delivering evaluations for a broad range of
securities, Interactive Data can help clients reduce the time, cost
and effort associated with their valuation processes. Determining
evaluations for Serial Notes with Puerto Rico collateral had
traditionally been challenging for financial institutions, as well
as pricing vendors. By leveraging its experience in producing
evaluations for millions of global fixed income instruments every
day, Interactive Data has created an evaluation methodology
designed specifically for these securities. Interactive Data will
initially provide evaluations for nearly 37,000 Serial Notes backed
by 100% Puerto Rico collateral, and plans to continue to expand its
coverage. This information, which is of particular interest to
brokerage firms and financial institutions conducting business in
Puerto Rico, will be conveniently available to clients through
Interactive Data�s existing evaluation services. �Interactive Data
is committed to working closely with our clients to understand
their data needs, and we will continue to assess our evaluated
services offerings and look for areas in which we can not only
expand coverage, but also help clients meet future market
requirements,� said Shant Harootunian, managing director of
evaluated services, Interactive Data Pricing and Reference Data.
�We are pleased to offer this new source of independent evaluations
for Puerto Rico GNMA Serial Notes, especially in light of new
accounting developments such as FAS 157.� Additional information on
Interactive Data�s evaluations for GNMA Serial Notes backed by
Puerto Rico collateral is available at:
http://www.interactivedata.com/rd/prgnma/. About Interactive Data
Corporation Interactive Data Corporation (NYSE: IDC) is a leading
global provider of financial market data, analytics and related
services to financial institutions, active traders and individual
investors. The Company's businesses supply time-sensitive pricing,
evaluations and reference data for more than 3.5 million securities
traded around the world, including hard-to-value instruments. Many
of the world's best-known financial service and software companies
subscribe to the Company's services in support of their trading,
analysis, portfolio management and valuation activities. Through
its businesses, Interactive Data Pricing and Reference Data,
Interactive Data Real-Time Services, Interactive Data Fixed Income
Analytics, and eSignal, the Company has approximately 2,200
employees in offices located throughout North America, Europe, Asia
and Australia. The Company is headquartered in Bedford, Mass.
Pearson plc (NYSE: PSO; LSE: PSON), an international media company,
whose businesses include the Financial Times Group, Pearson
Education, and the Penguin Group, is Interactive Data Corporation's
majority stockholder. Interactive Data Pricing and Reference Data
provides global securities pricing, evaluations and reference data
designed to support financial institutions� and investment funds'
pricing activities, securities operations, research and portfolio
management. Interactive Data Pricing and Reference Data collects,
edits, maintains and delivers data on more than 3.5 million
securities, including daily evaluations for approximately 2.5
million fixed income and international equity issues. Interactive
Data Pricing and Reference Data specializes in �hard-to-get�
information and evaluates many �hard-to value� instruments.
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 about
Interactive Data Corporation and its businesses, please visit
www.interactivedata.com. Interactive DataSM and the Interactive
Data logo are service marks of Interactive Data Corporation.
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