Visual Risk partners with Markit to deliver a complete solution for IFRS13
by Kylene Casanova
For organisations performing half-year reporting starting from 30th June, the new IFRS13 Standard will require fair value measurement of assets and liabilities to include Credit and Debit Value Adjustments (CVA / DVA). These valuations will require the inclusion of credit spreads which can be hard to access. Thanks to its partnership with Markit, Visual Risk can now source high quality credit default swap data on approximately 3,000 entities.
Visual Risk has offered a CVA / DVA compliant solution since 2007. It enables users to apply different spreads against external counterparty credit for assets and own credit for liabilities when calculating the market value of financial instruments. These credit spreads can also be incorporated in our Hedge Accounting reports.
Markit is a leading provider of CDS data. Its CDS end-of-day service aggregates valuation information for the credits that trade in the CDS market. This information is drawn from numerous financial institutions including inter-dealer brokers, electronic trading platforms, major market makers and many significant buy side firms.
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