| Markit Bonds provides an independent pricing service enabling subscribers to benefit from daily composite and individual contributor level pricing on approximately 12,000 bonds. |
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| Product summary: |
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The Markit Bonds service includes contributions from more than 30 sell-side institutions. Data quality tests are run against each contribution in order to provide an accurate, reliable data set. Composite prices are produced after prices failing any one of the data quality tests have been excluded. Our redistribution rules stipulate that we will only build composite bond prices where we have at least three contributors to that composite.
Data is available for viewing or downloading and includes individual composites, par asset swap spread and Z-Spread for each contributed price. Contributors to Markit can also view their contributed bond prices against all other individually contributed prices. |
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| Key benefits: |
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| Independent pricing valued by investors |
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| Rigorous data cleaning to ensure only the highest quality data is used in forming composite prices |
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| TRACE data covering secondary market transactions in the US corporate bond market. |
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| Flexible access to data via multiple delivery channels, including Markit.com and automated download |
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| Historical data available from January 2003 |
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| Coverage of investment grade and non-investment grade bonds. |
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| Key functions: |
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| Integration with Markit CDS and convertible bond data |
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| Incorporates standard Industry Classification Benchmark (ICB) sectors |
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| Direct access to Markit analysts for price challenges |
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| Ability to integrate data into internal systems or third party solutions |
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| Price as % par value is available as well as the number of contributors, asset swap and Z-spreads |
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