Markit installs ABSReports

Markit Group, the provider of independent data, portfolio valuations and derivatives trade processing to 600 financial institutions, has installed a new deal reporting service. The system, ABSReports, focuses exclusively on the performance of European deals in the Asset-Backed Securities, Mortgage-Backed Securities and Collateralised Debt Obligations markets. Markit says the system will bring greater efficiency and transparency to its European ABS pricing service, launched last year, which n