Standard & Poor's announced an exclusive alliance with Complex Security Valuations to use the firm's capabilities for pricing illiquid securities and hard-to-value structures. This alliance enables S & P to deliver more expansive valuations support to buyside and sellside firms that hold or trade these instruments, both in the U.S. and globally in all currencies.
"With this alliance, clients can access end-to-end global valuation services supported by a technologically sophisticated model-based pricing process," says J.R. Rieger, vice president, global evaluations of S&P. "Following Standard & Poor's previously announced expanded valuations services, clients can now harness our combined industry-leading capabilities to meet increased internal and external demand for consistently superior independent pricing services and support."
This new product makes use of the industry's largest collection of technology-driven modeling tools for illiquid securities and complex structures. CSV's valuation process includes market research, academic papers and practitioner journals to reverse-engineer primary market supplied pricing within its validation process.