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Since 2001, LPC has worked with secondary loan traders in Europe (EMEA) to provide timely, unbiased indicative bid/offer prices to loan portfolio managers, CDO structurers, warehousers and investors, credit derivative investors, risk managers, traders and syndicators. Working with 13 European-based dealers, LPC uses a system of electronic audits coupled with qualitative audits performed by LPC Europe-based secondary loan analysts to provide investors with confidential, unbiased, portfolio-wide, mark-to-market loan valuations.

Bill Petrunik, LPC's Managing Director of International Business, said, "Increasingly loan investors and portfolio managers approach LPC for portfolio and CDO specific pricing. Globally, LPC is now providing prices on over 4,400 loans enabling loan market participants to manage loan assets from one global source. " He added, "With the continued evolution of the European secondary loan market, the European service plays an integral part of LPC's global pricing service capabilities."

In addition to LPC's European Mark-to-Market Pricing Service, LPC offers worldwide secondary loan market pricing coverage. Pricing service capabilities are offered locally out of LPC's New York, London and Hong Kong offices. The New York pricing service capability is provided through a joint venture, LSTA/LPC Mark-to-Market Pricing. LPC's global capability builds upon the company's success in promoting transparency and liquidity in the North American secondary loan market for the last decade. It also leverages LPC's nine-year presence in the European loan market through the LPC European Mark-to-Market Pricing Service. In the Asia-Pacific region, LPC's pricing service is offered through Basis Point Publishing Limited, a wholly-owned subsidiary of LPC that has covered the local debt markets since 1993. Loan portfolio managers as well as secondary loan market participants can get the information they need to manage loan assets from one global source.

In 1992 at the request of a small group of buy-side customers, LPC first began collecting secondary loan market pricing data in the United States. In 1998 LPC launched a formal pricing service delivering weekly and monthly composites. Shortly thereafter LPC entered into a licensing agreement with the Loan Syndications and Trading Association and formed LSTA/LPC Mark-to-Market Pricing. The service now offers daily pricing on over 3,800 tranches spanning more than 1,100 distinct issuers. Over 125 institutions are receiving monthly, weekly or daily pricing in their management of 175 funds/portfolios with approximately $200 billion in loan assets.

About Loan Pricing Corporation
Since 1985 Loan Pricing Corporation (LPC) (www.loanpricing.com), a Reuters Company, has provided market players around the world with the most complete and accurate news, data and analytics on bank loans. LPC's coverage spans the United States, Europe (EMEA), Latin America and the Asia-Pacific via subsidiary Basis Point Publishing Limited. LPC's content is delivered via publications, on-line services and databases. LPC is the premier global provider of loan market information and analysis as a result of its in-depth focus on the loan industry and development of state-of-the-art products and services for bankers, borrowers and loan investors.

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