Tullett Prebon Information offers a highly focussed investor protection CDS package across EMEA and North America. Harnessing inter-bank liquidity enables us to truly reflect prevailing market conditions and our clients to capitalise on our experience and depth of cover.
Tullett Prebon Information offers a tailored CDS package covering around 800 individual CDS curves. The data set is split between GBP, EUR and USD entities and covers the major corporate debt issuers in both Europe and North America. We also offer a wide range of sovereign issuers including G20 and Emerging Markets borrowers. Both Senior and Subordinated debt categories are covered. We provide par-running spreads and conversions from up-front quotes to par-running spreads.
Our package capitalises on the strength of the Tullett Prebon European CDS broking business and the electronic trading platform, tpCREDITDEAL. The data-set is seeded with live order book data taken directly from the trading platform. Our ability to harness inter-bank liquidity enables us to provide a highly focused package that truly reflects market conditions. Where no live data has been seen, a proprietary statistical model is used to price the remaining issues. Intra-day model calibration is carried out by dedicated Tullett Prebon Information staff and all levels are run through a robust Data Quality process.