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IDC Adds Fitch to CDS Pricing Inputs

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Interactive Data is adding Fitch data to its CDS pricing calculations

Interactive Data has begun using consensus credit default swap pricing from Fitch Solutions as an additional input into its own CDS Evaluation Service, which provides pricing for CDS contracts on a broad range of single-name corporate, sovereign and US municipal issues, as well as for trades on UK-based data vendor Markit's CDX and iTraxx CDS indexes.

Fitch collects contributed prices from market makers to create end-of-day pricing for more than 11,000 entities, covering index, sovereign, corporate, and loans CDSs, benchmarks for illiquid entities, and monthly pricing for asset-backed securitizations of CDSs, such as credit card debt, auto loans, and retail and commercial mortgage-backed securities.

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