More NewsRBS Selects Lombard Credit Pricing Platform

RBS Selects Lombard Credit Pricing Platform

Royal Bank of Scotland (RBS) has adopted Lombard Risk Systems’ ValuSpread Credit price verification service. RBS will use ValuSpread Credit to observe credit default swap market prices for trader analysis and for independent price verification of its traders’ closing prices. Commenting on the move, Symon Drake-Brockman, Head of Capital Markets at Royal Bank of Scotland, said: ‘There was enthusiasm for taking Lombard Risk’s ValuSpread product from our product controllers who looked at the available alternatives and compared ValuSpread’s breadth of coverage very favourably with competitors, but once the service became daily it also became of great interest to our traders who now use it as a source of data for their analytics.’ Now entering its fifth year, ValuSpread Credit has grown from providing data on a regular monthly basis for plain vanilla instruments to providing data and many related analytics on a daily basis for both plain vanilla instruments and complex structured credits.

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