Trepp LLC, a New York-headquartered provider of commercial mortgage-backed securities (CMBS) and commercial mortgage information, analytics and technology, and Markit, a provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, have formed a new partnership.
According to the companies, this agreement is intended bring greater transparency and accuracy to the valuation of synthetic CMBS. The agreement will integrate Markit's valuation input template into TreppDerivative, Trepp's analytics and surveillance product for CMBS derivatives.
The relationship will allow joint clients to manage their pricing processes for synthetic CMBS contracts more efficiently. Valuations analytics for the Markit CMBX, a synthetic index of U.S. CMBS, have incorporated Trepp's cashflows since the launch of the index in 2006, the companies add.
