ICAP adds Hazard Rates and Survival Probabilities to Credit Derivatives Service

05 February 2013

London, 5 February 2013 – ICAP plc (IAP.L), the world’s leading interdealer broker and provider of post trade risk and information services, today announces that it has launched Hazard Rates and Survival Probabilities as part of an expanded end of day Credit Derivatives Service.

Hazard rates are often referred to as the default intensity or conditional default probability of a specified company while survival probabilities are the unconditional probability of no-default (survival). Hazard rates provide a more sensitive way of looking at default risk than simple asset prices, and can be used in many aspects of credit risk modelling.

Launched in October 2012 in conjunction with Rapid Ratings, ICAP Credit Derivatives closing service provides daily levels and full term structure for more than 200 European entities, generated by ICAP credit broking operations and in-house credit analytics. Combined with Rapid Ratings’ Financial Health Ratings (FHR®), a forward looking indicator of financial risk, this service provides an alternative and independent source of data for valuation, accounting and risk management purposes.

Customers can subscribe to this new service directly from ICAP or view via ICAP’s global vendor distribution network.

Kevin Taylor, Global Head of ICAP Information Services, said: "With the market continuing to evolve, it is important to offer our customers new and innovative products that enable them to manage issuer credit risk efficiently. Hazard Rates and Survival Probabilities, generated from an independent source of credit market price data, will give an even more accurate picture of credit risk for more than 200 companies".

ICAP Contacts:

Serra Balls Head of Public Relations, ICAP +44 20 7050 7124
Andrea Coleman Maitland +44 20 7395 0420
Lilah Raptopoulos Rapid Ratings +1 646 233-4557

About ICAP
ICAP is the world’s leading interdealer broker and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.

About Rapid Ratings
Rapid Ratings is an alternative rating, research and analytics firm that enables organizations to most effectively assess the financial health of their customers, suppliers and investments. Its purely quantitative proprietary methodology employs company financials to produce objective, forward-looking analytics proven to exceed the accuracy of traditional ratings and risk metrics. Ratings are generated quarterly on an industry-specific, intuitive scale that provides a clear, comprehensive view of a company’s financial viability. Rapid Ratings is the only firm that rates public and private US and non-US companies on the same basis, using the same system. Its coverage universe is growing daily and currently includes over 9,000 companies in 71 countries across all industry sectors. Customized reports and services are provided to clients from Fortune 1000 companies, small- to medium-sized enterprises (SMEs) and buy- and sell-side financial institutions.

Contact Us

Bryony Scragg
Head Of Media Relations
bryony.scragg@nex.com +44 20 7818 9689 LinkedIn
Bryony scragg
Casey Sheets
Media Relations (US)
casey.sheets@nex.com +1 212 521 4627 LinkedIn
Casey Sheets

RELATED NEWS

05 September 2016

ICAP Global Broking appoints Arjun Singh-Muchelle ...

London, 5 September 2016 - ICAP plc (IAP.L), a leading markets operator and provider of po...

Read More
07 June 2016

Statement regarding transaction with Tullett Prebo...

ICAP plc (IAP.L), a leading markets operator and provider of post trade risk and informati...

Read More
10 March 2016

ICAP unveils CrossTrade - a solution on its new bu...

London, New York, 10 March 2016 - ICAP plc (IAP.L), a leading markets operator and provide...

Read More
25 February 2016

ICAP Global Broking to launch Iron Ore Volume Matc...

Singapore, London, New York, 25 February 2016 - ICAP plc (IAP.L), a leading markets operat...

Read More
RESOURCES

RESOURCES

Browse media and documents
which are available to download.

Images & Video
INSIGHTS

INSIGHTS

Keep up with the latest coverage
of NEX and its industry experts.

See our insights