Allianz Taps TR For Fixed Income Pricing

Among those are International Financial Reporting Standard 13 (IFRS 13) accounting requirements, which enhance a reporting entity's disclosure responsibilities requiring entities to lay bare the valuation techniques and inputs used to arrive at their reported fair value measurements. TRPS will work with Allianz to help them meet their IFRS 13 requirements, and was chosen in part for its support by experienced evaluators using up-to-date market conventions and procedures in order to provide transparency into the inputs and techniques used to value illiquid and harder-to-value securities, which greatly facilitate the compliance task.

"At IDS GmbH Analysis and Reporting Services, we are responsible for market data provisions for Allianz, a leading financial services firm serving millions of clients around the world. We have a best-practices process in place to ensure that all the data required is fully compliant with global regulations. Allianz selected TRPS because of its coverage, related asset class methodologies and the level of transparency offered to us," says Thomas Vogg, head of market data services, IDS GmbH Analysis and Reporting Services at Allianz.

Adds Mario Leslie, managing director, Pricing and Reference Services, Thomson Reuters, "We are delighted to be chosen by Allianz as the provider of choice for their end-of-day pricing and IFRS 13 requirements. Firms today are looking for transparency into the underlying methodologies and assumptive drivers that determine evaluated prices and with so much at stake, working with a trusted partner is essential for them."