Newsroom > Press Releases
| Back to Press Release Index |

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. Today, LPC works with 15 European-based dealers using a system of electronic, audits coupled with qualitative audits performed by LPC's Europe-based secondary loan market analysts, to provide investors with confidential, unbiased, portfolio-wide, mark-to-market loan valuations.

Kieran Mulcahy, of Avoca Capital, said, "As a CDO manager, we require highly accurate and timely secondary pricing to value our portfolio. We have been an LPC pricing service customer since earlier this year and find the service to be a superior offering providing us with the objective quality marks we need and outstanding customer service. Now that LPC prices over 1,100 tranches we get all the information we need from one service, making it easier for us to keep track of the market."

Bill Petrunik, LPC's Managing Director, EMEA/Asia-Pacific, said, "Our participating European loan traders have been very supportive and have allowed LPC to meet the mark-to-market pricing needs of a growing European buy-side community."

In addition to LPC's European pricing service, LPC offers worldwide secondary loan market pricing coverage, providing prices on over 4,750 loans. This enables loan portfolio managers and secondary loan market participants to manage loan assets from a single global source. Pricing service capabilities are offered locally out of LPC's New York and Hong Kong offices. The New York-based pricing service, LSTA/LPC Mark-to-Market Pricing, is provided through a joint venture with the Loan Syndications and Trading Association. 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.

Apart from its global mark-to-market service, LPC offers a wide variety of products and services to accommodate the information needs of global secondary loan market participants - investors and portfolio managers.

LPC will be hosting a European secondary loan market online seminar, Overview of the European Secondary Loan Market: Looking At Key Trends In 2004, on November 10, 2004. The online seminar will examine the main areas of trading activity and track the key developments of the year. For more information go to: http://www.loanpricing.com/LPC_webinars_euro_sec.html

LPC also offers customers Secondary Market Intelligence (SMi), a one-stop source for secondary loan market news, data and analytics. Additionally, LPC recently brought its data management and collateral asset expertise to the complex, data-intensive CDO market, CDO Intelligence, which is a market data and data management solution for participants in the CDO arena. For more information go to www.loanpricing.com.

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.

About Reuters
Reuters (NASDAQ:RTRSY) (www.about.reuters.com) is the leading global provider of financial information, news and technology solutions to financial institutions, the media, businesses and individuals. Reuters strength is our unique ability to offer customers a combination of content, technology and connectivity. Our premier position is founded on continuous technological innovation and a reputation for speed, accuracy, integrity and impartiality. We have over 18,140 staff in 97 countries, including some 2,498 editorial staff in 198 bureaux serving approximately 150 countries, making it the world's largest international multimedia news agency. In 2001, Reuters had revenues of (pound)3.9 billion.

Reuters and the sphere logo are the trademarks of the Reuters group of companies.

Return to top

 | © 2005 Loan Pricing Corporation | Privacy Policy |