FT Interactive Data has made improvements to its syndicated bank loan pricing service. Users will now get terms of refinancing, termination and substantial amendments to loans, as well as the effective date of the change.
Due to the massive volume of loans in the marketplace, estimated to have reached $3.5 trillion in 2005, it can be challenging for firms to efficiently keep track of these events, says FT Interactive.
The bank loan pricing service uses a web-based user interface to deliver information about a specified universe of loans to clients. The bank loan prices are provided by Markit Group, which gets them from more than 70 dealers in the bank loan market.
FT Interactive Data’s bank loan pricing service is available through an add-on to FT Interactive Data’s evaluation services or as a module of its FTSSM online portfolio administration service.
“Enhancements such as this demonstrate FT Interactive Data’s commitment to developing offerings that automate processes that have historically been manual, time consuming, and error prone,” says Ray D’Arcy, president of sales, marketing and institutional business development, Interactive Data Corporation. “We believe that providing our clients access to a broad range of information through flexible offerings that seamlessly integrate into their workflow can help maximize efficiency and transform a firm’s use of data into a competitive advantage.”