Markit extends service – again

Markit has unveiled a pricing service for loan credit default swaps (LCDS), which, it says, was launched in response to interest in the nascent LCDS market from dealers and institutional investors keen to take synthetic exposure to secured loan issuers. The service provides same day and T+1 spreads for 300 reference entities and tiers traded in the Euro and North American markets. Markit draws prices from contributing dealers and creates a composite, available at 4pm daily in London and New

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