"We've
been a Mark-to-Market Pricing customer since the service first
launched, and it continues to improve year over year, while
becoming a vital part for pricing and managing our portfolios
in a timely fashion."
The Leading Source for Objective Global
Prices
Since its launch in 1999, LSTA/LPC Mark-to-Market Pricing
has facilitated the much needed liquidity and transparency in the surging
secondary loan market by providing players with high quality composite prices.
Today, LSTA/LPC Mark-to-Market Pricing, the first of its kind loan market
valuation service, stands as the leading source for objective global prices.
The service provides superior, objective pricing to more than 165 institutions,
managing 185 portfolios with over $200 billion in bank loan assets.
Loan Market
Veterans: Owned by Reuters, Loan Pricing Corporation
(LPC) has been providing news, data, and analytics to the syndicated
bank loan market and nearby markets for 20 years. Since its
inception in 1995, the Loan Syndications and Trading Association,
Inc. (LSTA), a not-for-profit organization, has been committed
to promoting the orderly development of a fair, efficient, liquid
and professional trading market for corporate loans originated
by commercial banks and other similar private debt. Together,
we have the expertise and dedication to bring you accurate,
timely and objective price information.
Objective, Independent Parties:
LPC and the LSTA are third party, independent providers of composite
prices. We do not make a market in bank loans, and are not directly
or indirectly involved in the buying or selling of bank loans.
This makes us completely market independent and the most objective
pricing service available.
Established Affiliations:LPC and LSTA's prominence in the market has secured strong
relationships with leading dealers/traders. LPC has leveraged
its experience and position as a market leader in the collection
and analysis of data to streamline the process and works with
top dealers/traders from over 30 institutions to capture and
process prices in a timely and accurate fashion, making it easier
for them to do business with us and reap benefits from the service
in a timely fashion.
Market Approvals:
Our service has been approved by the top three rating agencies.
This makes us the service of choice.
The Service...
Unparalleled
Comprehensive Coverage: Prices are available for over 4,750
bank loan tranches on a daily, weekly or monthly basis. Fund
managers can expect to receive prices on 100% of their portfolios.
Custom Tailored Service: Each
customer is assigned a "personal analyst" who works
with individual clients to identify their needs and deliver
superior customized service. We offer pricing frequency flexibility,
composite price calculations, multiple delivery options including
official email, FTP, etc. and variable file formats for ease
of internal system integration. We give you what you need and
deliver it in the format you request.
Guaranteed Data Integrity and
Accuracy: Daily systematic review of all prices through
extensive audit procedures is in place. To further ensure the
integrity and quality of each price, LPC's team of experienced
loan market analysts make use of state of the art audit procedures,
drawing on their extensive market knowledge as well as LPC's
comprehensive database of deal terms and conditions, covenants,
and other descriptive information. Also, recently enhanced auditing
procedures include daily alerts to dealers/traders highlighting
outliers, stale pricing, price validations, etc ..., have been
added to the service.
Value Added Benefits:
With our highly successful Daily Mark-to-Market Pricing Alerts,
customers can opt to receive daily email notification highlighting
significant changes to secondary market loan prices on a timely
basis - biggest movers, industry movers, loans with the highest
market activity and most recently originated loans.
IN ADDITION TO
LSTA/LPC'S MARK-TO-MARKET PRICING , SECONDARY LOAN MARKET PARTICIPANTS CAN
GET FURTHER VALUE FROM LPC'S…
DataLink: Combines the LSTA/LPC Mark-to-Market Pricing indicative
loan prices with LPC's wealth of up-to-date loan terms and conditions. DataLink
enables you to analyze your portfolio along various elements such as borrower
industries, credit rating and watch status, current base rates and spreads,
fees, maturity dates, amortization schedules, deal and facility amounts,
borrower sales size and much more.
Secondary Market Intelligence (SMi): LPC's complete source for secondary
loan market news, data and analytics. It is the only platform that delivers
daily loan, bond and equity pricing information, terms and conditions in
one interactive desktop tool. Click here
to find out more
Real-Time News and Analytics (formerly known as Gold Sheets Real-Time):Keeps you on top of the market with a wealth of
news, data and analytics on the high-yield loan market delivered via Gold
Sheets Real-Time on LoanConnector. Click
here to find out more
"I've found a great offering
in the LSTA/LPC Mark-to-Market Pricing. Not only does
LPC provide us with an objective source for marks, but
their quick turnaround and attention to customer service
are outstanding. Anyone who knows me, knows how I detest
the job of pricing! LPC'S "feed" makes the task almost
pleasant!!!"
- Beth Digati SVP, Portfolio Trading Four Corners Capital Management
