The Structured Finance Association and Bloomberg Index Services are developing and launching a new index to track the performance of credit securities across asset classes, they said through a joint announcement.
The index will be designed to provide market professionals with consistent, transparent and dependable methods of evaluating performance and risk across the securitized credit markets, according to the statement.
At press time, the SFA and Bloomberg did not publish details on the index's methodology or its launch date. They did say, however, that the index will be integrated directly into daily market workflows on the Bloomberg terminal.
"By bringing together SFA's deep industry expertise and Bloomberg Indices' scale, data capabilities, and distribution, we are creating an index built on industry credibility, rigorous governance, and the transparency the market demands and deserves," according to a statement from Structured Finance Association's chief executive officer Michael Bright.
Nick Gendron, global heads of fixed income index product management at Bloomberg Index Services, emphasized that the collaboration supports Bloomberg's commitment to providing executives with transparent and robust benchmarks.
"Working with SFA on this new offering allows us to help market participants navigate the dynamic securitized products landscape," Gendron said.
