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 expanded the coverage of its interest rate swap valuation service by adding independent valuations of fixed-for-floating interest rate swaps in Australian Dollars and Japanese Yen, in addition to its existing coverage of swaps in British Pounds, Euros, Swiss Francs and U.S. Dollars. Interactive Data estimates that the company now covers nearly 95% of the total notional amount of interest rate swaps outstanding. In addition, to meet the growing demand for different, more complex structures of interest rate swaps, Interactive Data now delivers independent valuations of forward starting swaps. The expansion of the interest rate swap valuation service complements the independent valuations for other alternative investments that Interactive Data delivers, including syndicated bank loans, single name credit default swaps (CDS), and CDS trades linked to the Dow Jones CDX� and iTraxx� families of indices. Interactive Data generates two interest rate swap valuations each day: based on curves at the end of the day in London (16:30 GMT) and New York (16:00 ET). Interactive Data can deliver either valuation, or both, to customers, depending on their needs. The valuations of interest rate swaps are based on benchmark curves from ICAP, the world�s premier interdealer broker, other various sources, and trade details input by customers. �Interactive Data is actively increasing its coverage of complex structured products in line with the needs of our clients and emerging industry trends,� said Shant Harootunian, managing director of evaluated services, Interactive Data Pricing and Reference Data. �Recent market volatility, the growing complexity of financial instruments and the introduction of new regulations, have led to increased client demand for a broad range of independent valuations from a single provider. We will continue to work closely with our clients to understand their requirements, and aim to provide services that can help reduce the time, cost and effort associated with portfolio valuation processes.� The interest rate swap valuation service is available on a standalone basis and as a module of FTSSM, Interactive Data�s online portfolio administration service. The service offers user-friendly setup screens and the ability to upload trade data and download output files. 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 real-time market data, time-sensitive pricing, evaluations and reference data for millions of 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 2,300 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 6 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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