More NewsPrime Source Extends Agreement with CDO2

Prime Source Extends Agreement with CDO2

Prime Source, an independent valuations provider, and CDO2 Solutions, a system provider of pricing and risk analysis for structured credit derivatives, has deployed an enhanced service for performing independent valuations of structured credit products.

By integrating CDO2’s CDOVaR.net pricing platform into Prime Source’s service, customers are able to obtain independent valuations of their bespoke collateralised debt obligations (CDOs) or off-the-run index tranches. This extended service provides credit default swap (CDS) quotes with automated robust correlation calibration and mapping techniques required in the current markets.

Marie-Hélène Crétu, chief executive of Prime Source, said: “Combining CDOVaR.net with our existing automated processes will add considerable operational benefits enabling us to value portfolios of complex synthetic credit structures much faster, bringing real added benefits to our clients whose positions and portfolios we value.”

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