Totem Market Valuations Expands Pricing Services

Category:

Monday, October 11, 2004 11:28 am EDT

Dateline:

LONDON
"We are committed to providing a comprehensive and high quality service to our customers. This expansion will greatly help our customers to ensure that they are accounting for these complex instruments at a true market value."

Totem Market Valuations Limited ("Totem"), the leading provider of derivatives valuation services, today announced the expansion of its independent pricing service for interest rate swaptions, caps and floors. It now includes Swiss Francs, Hong Kong Dollars and Korean Won.

Totem already provides pricing information on vanilla Interest Rate products in Euro, Sterling, US Dollar and Yen. The company also values more complex products such as Bermudan swaptions, power reverse dual currency notes, quanto products and Dollar structured derivatives.

In May 2004, Totem was acquired by Mark-it Partners, the definitive credit pricing information company, to provide the rapidly growing OTC market with authoritative and reliable valuation, pricing and analysis across an unparalleled range of markets.

Tim Barker, Executive Vice President of Mark-it Partners, commented: "We are committed to providing a comprehensive and high quality service to our customers. This expansion will greatly help our customers to ensure that they are accounting for these complex instruments at a true market value."

Contact:

Markit
Teresa Chick
Managing Director, Corporate Communication
Tel: +44 20 7260 2094
teresa.chick@markit.com