CI Introduction

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KOSCOM, Now offers Markit CDS via 'CHECK Expert'

Division :
Date :
2014-01-20 16:42:04

KOSCOM, Now offers Markit CDS via ’CHECK Expert’

2014. 1. 20
□ KOSCOM( announced they will provide CDS(Credit Default Swap) of Markit (CEO Kevin Gould), a global financial information service company, via ’CHECK Expert’, total financial information terminal, starting from 20th.

   * CDS(Credit Default Swap) : a Credit Derivatives in preparation for possible cases when Bonds or Loan’s the principal and interest cannot be paid back due to the nation or the company’s bankruptcy.

□ KOSCOM plans to initiate service iTraxx-Asia index that grouped Ex-Japan(countries except Japan), Japan, and Australia among iTraxx index starting from the 20th as well. iTraxx index is a representative index among the indices that are in relation to credit derivatives.

□ With that, KOSCOM entered into a market data user agreement with Markit, and plans to offer Today(T)’s, EOD data, and iTraxx-Asia index of about total 200 foreign companies accordingly.

□ In addition to currency and recovery rate that are CDS’s supplementary information and Markit’s internal credit level information, iTraxx-Asia index’s valid Depth and Heat compared to the previous day(T-1) will be provided as well.

□ KOSCOM’s deputy director, Kim In-soo, remarked that "As the interest on credit derivatives related information has grown experiencing global financial crisis; we expect CHECK Expert, Korea’s ranked number one financial information terminal, will be a tremendous help for investment experts.

□ KOSCOM will further improve the professionality of foreign information by converging local/foreign information and Markit CDS together to be more accessible for investor’s search on their needed informations.

□ Meanwhile, Markit, located its principal office in London UK, had been a forefront to standardize global CDS market for the last 10 years, and is currently offering CDS to approximately 1,000 global information vendors and countries. 
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