Vichara Technologies is collaborating with Markit to allow mutual clients to access Markit’s pricing service within Vichara’s platform.
Markit will provide daily pricing feeds for leveraged loans, corporate bonds, collateralized loan obligations (CLOs) and loan mapping services within the V* CLO framework.
The V* platform allows for comprehensive forecasting, valuation and analysis of CLOs, CBOs, CDOs and other corporate-credit-linked securitizations, supporting investors’ risk management, surveillance, and accounting procedures, helping them better manage their portfolios and identify more investment opportunities.
“Markit’s bond and loan pricing and comprehensive mapping services enhance our relative value framework by informing important CLO risk measures such as market value coverage and liquidation value,” Steve Segretta, Vichara’s head of CLO and corporate credit products, said in a press release this week. “These prices are integral to our broader strategy of providing customers with best-in-class analytics on underlying collateral.”
“Our association with Markit will enable better price discovery and enhanced data transparency for our clients,” Atul Jain, Vichara’s chief executive, stated in the release.