 |
|
|
Credit Valuation Tools |
|
|
|
|
|
|
 |
|
CreditMark |
|
|
|
|
|
|
|
|
|
|
Learn More |
|
|
|
Download CreditMark Fact Sheet (PDF/447KB)
Download CreditMark - Valuing Credit Exposures (PDF/200KB)
Download Methodology Overview (PDF/290KB) |
|
|
|
|
|
|
Contact Us |
|
|
|
Contact Us today to see why Moody's KMV is the right choice.
|
|
|
|
|
|
 |
 |
|
CreditMark® provides superior insight on the valuation of illiquid loans and enables the identification of assets requiring immediate attention.
In a world where loan, bond and credit default swap (CDS) markets are converging, mark-to-market is steadily gaining importance as a means of managing credit portfolios. A mark-to-market valuation approach gives senior management a view of loan portfolios that complements traditional accrual accounting. It allows portfolio managers to identify assets requiring their immediate attention, calculate capital requirements with greater precision and quantify the value-added of their buy, hold and sell decisions. In addition, mark-to-market valuation provides benchmarks for transfer pricing of new assets as they move from origination to portfolio management. Finally, credible market-based values facilitate negotiation between buyers and sellers when assets are hedged or securitized.
Moody's KMV CreditMark: Delivering Mark-Market Prices On Loan Instruments
Moody's KMV CreditMark is a robust, mark-to-market platform that enables users to accurately value tens of thousands of credit instruments on a daily basis by combining market data, valuation models, portfolio data and instrument terms and conditions. With CreditMark, traders and originators can price new deals and portfolio managers can revalue term loans, revolvers and other credit instruments with current market information.
Moody's KMV CreditMark Offers:
- Advanced credit modeling that values credit options such as prepayment, grid pricing, term-out and revolver utilization
- Customizable valuation hierarchies that enhance control and supply an audit trail that details the data and models used at the portfolio and individual holding levels
- Reporting, graphics and downloads that offer a consistent picture of value, spreads and term structures across credit markets, at origination and over time
- A robust platform that systematically integrates market data with portfolios
Advanced Modeling
CreditMark is a highly configurable loan valuation platform that offers:
- A loan valuation framework that uses observed loan prices, bond and CDS spreads and Moody's KMV EDF™ (Expected Default Frequency) credit measures
- A loan valuation engine that uses a credit transition approach to reflect the value of loan options such as prepayment, revolver usage, term-out and grid repricing
- Batch valuation of entire portfolios, with the flexibility to choose multiple valuation methods and data sources for each valuation run
- Tools to schedule valuations and automate data downloads and other tasks via web services
Extensive Market Data
CreditMark features a relational database that can be updated daily with the following information:
- Daily public company EDF credit measures from CreditEdge®
- Valuation curves from bond data provided by Reuters EJV and TRACE
- Observed loan prices from LoanX and LPC
- Valuation curves constructed from CDS spreads provided by GFINet and CreditTrade
- Client-provided market data
Scenario Analysis
CreditMark lets users perform "what if" analyses to examine the impact of changes in terms and conditions, default probabilities and spreads on the value of existing transactions and proposed new transactions. |
|
|
|
