Los Angeles: August 28, 2002
CMS BondEdge, an operating division of Interactive Data Corporation (NASDAQ: IDCO), and a leading provider of fixed income portfolio analytics, today announced the release of BondEdge version 4.7. This latest version features a host of improvements for both its core North American and European markets. In addition to BondEdge PRO (Portfolio Report Organizer), this release features updated mortgage-backed securities (MBS) prepayment models, daily credit updates, attribution analytics for portfolio versus portfolio comparisons, key rate duration analysis at the sector level, and substantially broadened securities coverage throughout the system, particularly in the derivatives area.
BondEdge, which already includes more than one hundred standard (and an unlimited number of customized) analytical reports, now allows clients to organize, modify, and process portfolios and reports from one screen. Teri Geske, senior vice president of product development for CMS BondEdge comments, ”In addition to an improved fixed income portfolio reporting process, we’ve also built in flexible printing and exporting options that open up tremendous possibilities for use of the analysis. BondEdge PRO is an ideal solution for clients interested in “making books” for their clients; with HTML, XML, and Excel export options, posting reports to an intranet or feeding a data warehouse with the results of the analysis is also a viable option.”
The latest version also includes updated MBS prepayment models in response to recent shifts in prepayment behavior. Daily credit rating upgrades from Moody’s, for both U.S. and non-U.S. dollar corporate bonds, have been added to help managers better monitor their portfolios’ credit profile, as have rating updates for municipals. Performance attribution analytics are now available for portfolio versus portfolio comparisons, which is useful for managers managing against a customized benchmark, and particularly useful for overseas managers, where standards for indices with a credit component have yet to be established. Key Rate Duration analysis, now available at the sector level, will help managers more effectively gauge sensitivity to non-parallel shifts in the credit curve. Finally, security coverage has been expanded to include options on Treasury futures, Japanese government bond futures, agency and corporate step-up bonds, T-bills and agency discount notes, plus improved coverage of corporate floating rate notes and commercial mortgage-backed securities (CMBS).
Laurie Adami, president, notes, “With this latest release of BondEdge, we’ve continued to streamline the portfolio reporting process for our clients, as well as create possibilities for efficient, flexible distribution of the analysis. We’ve also included a series of enhancements that speak to our continued commitment to broadening security coverage, and keeping our analytical tools and models current in an increasingly volatile market.”
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 the U.S. and Canada. CMS BondEdge is an affiliate of FT Interactive Data and division of Interactive Data Corporation (Nasdaq:IDCO), 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.
Contact:
Lisa Herbert, CMS BondEdge
Tel: (310) 479-9715
Email : lisa.herbert@be.ftid.com
