FT Interactive Data
Expands Bank Loan Pricing Service
Enhancements Designed to Automate Notifications
of Certain Corporate Actions for Syndicated Bank Loans
23 January 2007 - Bedford, Mass. and London
FT Interactive Data, an Interactive Data (NYSE: IDC) business
and a leading supplier of financial information to global
markets, today announced enhancements to its bank loan pricing
service that can help clients more efficiently update critical
information about the syndicated bank loans in their portfolios.
FT Interactive Data's bank loan pricing service, which provides
clients with seamless access to independent valuations of
syndicated bank loans, now also automates the delivery of
refinancing, termination and substantial amendments to loans,
as well as the effective date of the change. Due to the massive
volume of loans in the marketplace, estimated to have reached
$3.5 trillion in 2005*, it can be challenging for firms to
efficiently keep track of these events.
The bank loan pricing service uses a web-based user interface
to quickly deliver information for a specified universe of
loans to clients. Bank loan prices are provided by Markit
Group Limited ("Markit") and drawn from more than 70 dealers
in the bank loan market. FT Interactive Data's bank loan pricing
service is available through an add-on to FT Interactive Data's
evaluation services or as a module of its FTSSM online portfolio
administration service. "
Enhancements such as this demonstrate FT Interactive Data's
commitment to developing offerings that automate processes
that have historically been manual, time consuming, and error
prone," said Ray D'Arcy, president of sales, marketing and
institutional business development, Interactive Data Corporation.
"We believe that providing our clients access to a broad range
of information through flexible offerings that seamlessly
integrate into their workflow can help maximize efficiency
and transform a firm's use of data into a competitive advantage."
Additional information about the bank loan pricing service
is available at: http://www.ftinteractivedata.com/07news_events/ press_releases/2006/10/24.shtml.
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global
provider of financial market data, analytics and related services
to financial institutions, active traders and individual investors.
The Company's businesses supply time-sensitive pricing, evaluations
and reference data for more than 3.5 million securities traded
around the world, including hard-to-value instruments. Many
of the world's best-known financial service and software companies
subscribe to the Company's services in support of their trading,
analysis, portfolio management and valuation activities. Through
its businesses, FT Interactive Data, ComStock, CMS BondEdge
and eSignal, Interactive Data has approximately 2,200 employees
in offices located throughout North America, Europe, Asia
and Australia, and is headquartered in Bedford, MA. Pearson
plc (NYSE: PSO; LSE: PSON), an international media company,
whose businesses include the Financial Times Group, Pearson
Education, and the Penguin Group, owns approximately 62 percent
of the outstanding common stock of Interactive Data Corporation.
For more information, please visit www.interactivedata.com.
FT Interactive Data provides global securities pricing, evaluations
and reference data designed to support financial institutions'
and investment funds' pricing activities, securities operations,
research and portfolio management. FT Interactive Data collects,
edits, maintains and delivers data on more than 3.5 million
securities, including daily evaluations for approximately
2.5 million fixed income and international equity issues.
FT Interactive Data specializes in 'hard-to-value' instruments
and 'hard-to-get' information from emerging markets.
Evaluated pricing is provided in the U.S. through FT Interactive
Data Corporation and internationally through Interactive Data
(Europe) Ltd. and Interactive Data (Australia) Pty Ltd. For
more information, please visit www.ftinteractivedata.com.
.
For more information, please visit: www.interactivedata.com
*Loan volume data from Dealogic, as cited in the September 21,
2006 issue of The Economist.
For More Information:
Investors
Andrew Kramer
Tel: +1 781-687-8306
Email: andrew.kramer@interactivedata.com
Media
Sue Mitchell (European media)
Tel: +44 (0)20 7825 8076
Email: sue.mitchell@interactivedata.com
John Coffey (US Media)
Tel: +1 781-687-8148
Email: john.coffey@interactivedata.com
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