CMS BONDEDGE FORMS ALLIANCE WITH AUDIT
INTEGRITY, LLC
BondEdge
Credit Risk Offering Enhanced via Surveillance Tool for Accounting Anomalies
Los Angeles,
July 22, 2003 CMS BondEdge, an operating division of Interactive
Data Corporation (NYSE: IDC) and a leading provider of fixed income
portfolio analytics, today announces a business alliance with Audit
Integrity, LLC, a financial service organization that analyzes accounting
practices and corporate governance for all publicly listed companies.
Audit Integrity has created a quantitative rating system to help investors
proactively evaluate a firm's financial accounting and governance practices.
Employing highly sophisticated statistical methods to process publicly
available corporate documents such as SEC filings, litigations, and
regulations releases, Audit Integrity condenses this information into
an accounting and governance ranking score (AGR), ranging from very
aggressive to conservative. AGR scores are determined by comparing selected
accounting and governance measures of a company to the profiles of firms
found in violation of SEC and other regulatory rulings.
Laurie Adami, president of CMS BondEdge, comments, "The Audit Integrity
offering will greatly enhance the robust credit and market risk management
solution available in BondEdge. The AGR system of assessing accounting
and governance practice is truly groundbreaking and unique. Combining
this information with the absolute and relative analysis of default
and spread risk already available in BondEdge provides corporate bondholders
with a truly comprehensive assessment of their credit risk profile."
James Kaplan, chairman and chief executive officer of Audit Integrity,
adds, "We are very excited to be able to offer our service through
the BondEdge system. Given the impact on bondholders of accounting inconsistencies,
having a system in place to actively monitor accounting and governance
practices is a crucial aspect of the overall credit risk management
process. By partnering with CMS BondEdge, we are able to tap into one
of the largest bases of institutional fixed income investors via a superior
analytics product that has already incorporated an essential piece of
the credit risk management solution."
For further
information please contact:
Lisa Herbert, CMS BondEdge
Tel: (310) 479-9715
Email : lisa.herbert@be.ftid.com
Amy Malsin, Audit
Integrity, LLC
Tel: (212) 842-5342
Email: amalsin@auditintegrity.com
About CMS
BondEdge:
For over 20 years, CMS BondEdge has been recognized as a leader in fixed
income analytical software. Long known for the BondEdge system, CMS
BondEdge is trusted as an independent source of research, analytics
and valuation tools by over 550 institutions in North America and Europe.
CMS BondEdge is an affiliate of FT Interactive Data and division of
Interactive Data Corporation (NYSE:IDC), a leading global provider of
financial and business information to institutional and individual investors.
More information on CMS BondEdge is available at www.cmsbondedge.com.
Corporate information on Interactive Data Corporation is available at
www.interactivedatacorp.com.
About Audit
Integrity:
Audit Integrity is an institutional-grade, financial analytics service
that provides companies with quarterly accounting and governance reports
to assure the accuracy of their financial disclosures. Audit Integrity's
reports are based on a cutting-edge data collection and analytics engine,
which uses publicly available financial data to yield over 7,000 benchmark
metrics per company, per quarter to help its corporate and institutional
clients identify and diagnose accounting irregularities, as well as
evaluate a firm's financial and governance practices. While Audit Integrity
does not detect fraud, the service ensures transparency in financial
disclosures and advances the standards for reporting corporate performance.
Based in Los Angeles, Audit Integrity was founded by James Kaplan in
2002. For more information about the company and its service, please
visit www.auditintegrity.com.