| The Markit Default Swap Calculator allows anyone to calculate the value of a CDS or an index trade and convert spreads to upfronts and vice-versa.
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| Product summary: |
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| The Markit Default Swap Calculator provides an independent and accurate present value service for trades leveraging the vast breadth and quality of CDS data processed every day by Markit. Users submit trade details over the Internet, trades are priced using Markit curves and an independent tear-up value is supplied back to the user. |
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| Key benefits: |
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| The calculator leverages industry standard analytics |
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| Markit data is available in the calculator making computations automated |
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| Leverages industry standard Markit RED codes |
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| There is no software required |
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| Key functions: |
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| Computes present value of a trade |
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| Conversion of spreads to upfronts and vice versa |
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| Determines new trade settlement price between counterparties |
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