Markit unveils ABS monitoring tool and Sydney office

Markit has launched a

performance monitoring tool for US asset-backed securities (ABS). The tool, launched in response to market conditions, will attempt to bring greater transparency to the sub-prime mortgage market by combining historical data at the bond, collateral pool and loan level to provide market participants with a timely source of information for ABS deal monitoring and securitisation analysis. Markit also last month opened an office in Sydney. The new base is Markit's first office