CMS BondEdge Signs Deal with RiskMetrics Group to Supply Mortgage-Backed Securities Analytical Measures.Business Editors LOS ANGELES--(BUSINESS WIRE)--March 10, 2004 CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. BondEdge, an operating division of Interactive Data Corporation (NYSE NYSE See: New York Stock Exchange : IDC) and a leading provider of fixed income portfolio analytics, today announces an agreement to provide RiskMetrics Group with key rate duration calculations for mortgage-backed and asset-backed securities Asset-backed security A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate. asset-backed security A debt security collateralized by specific assets. with prepayment risk Prepayment Risk The uncertainty related to unscheduled prepayment in excess of scheduled principal repayment. Notes: This risk is generally associated with mortgage securities. . The CMS BondEdge data will be incorporated into the company's RiskManager(TM) product. RiskMetrics Group's RiskManager(TM) currently provides a range of risk analysis for portfolios with mixed asset classes, including equities, fixed income securities, derivatives, currencies and commodities. The addition of CMS BondEdge key rate duration calculations allows for a more detailed analysis of the prepayment risk associated with some forms of mortgage-backed and asset-backed securities. Laurie Adami, president of CMS BondEdge, comments, "We're pleased to be providing this analysis through the RiskManager(TM) product. We believe RiskMetrics Group offers a quality suite of products to the institutional investment community, which in many ways complements the capabilities offered through the BondEdge product." About CMS BondEdge Now in its twenty-fifth year, CMS BondEdge is a recognized leader in investment technology and an independent source of fixed income portfolio analytics, risk management tools and quantitative research Quantitative research Use of advanced econometric and mathematical valuation models to identify the firms with the best possible prospectives. Antithesis of qualitative research. . The CMS BondEdge client base includes more than 500 leading banks, investment managers, brokerage firms, insurance companies and pension funds throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. CMS BondEdge is an affiliate of FT Interactive Data and division of Interactive Data Corporation (NYSE:IDC), a leading global provider of securities pricing, financial information, and analytical tools to institutional and individual investors. More information on CMS BondEdge is available at www.cmsbondedge.com. Information on Interactive Data Corporation is available at www.interactivedatacorp.com. About RiskMetrics Group: RiskMetrics Group provides financial analytics and wealth management solutions to hundreds of financial institutions, corporations and central banks This is a list of central banks. Contents A B C D E F G H I J K L M N O P Q R S T U V W Y Z worldwide. Since 1994, RiskMetrics Group research has set the standard for financial risk management. RiskMetrics Group analytics, data and services enable users to measure and manage risk, and to communicate that risk to managers, clients, investors, shareholders and regulators. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. The company is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , with seven offices worldwide, including London, Tokyo and Singapore. |
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