S&P Automates Portfolio Update Pricing


Standard & Poor's last month rolled out a standardized electronic format to automate the process by which clients communicate changes in their portfolios—and hence the securities they need pricing by S&P and its partners, such as Ridgefield, Conn.-based pricing vendor Complex Security Valuations.

"We have built a standardized format… for interest-rate swaps and credit default swaps," says J.R. Rieger, vice president of global evaluations at S&P. "By automating the process, we hope to eliminat