FRN Individual Credit Indices

240 FRN Credit Indices for deeper analysis

The FRN Individual Credit Indices are the ideal tool for a more in-depth, individual analysis of the credit spread movements. With a selection of over 240 index categories that can be individually comprised according to your needs, the FRN Individual Credit Indices provide valuable decision making support for your market prognoses and investment decisions.

If desired, custom indices to fit your personal needs can also be drawn up by demand.

Expert knowledge – from the neutral market data of over 500 clients

The indices are calculated on a daily basis. They are based, like Pay-Per-View as well – on actual prices and indications from the order book. In this way they reflect the realistic interbank secondary market pricings of over 500 international TASS trading partners, including numerous market makers. Especially in times of high volatility and illiquid markets, this can be a decided advantage for your investment decisions and assessments. We know of no other databank that provides a comparable evaluation and segmentation of prices and indications.

New function of all FRN Credit Indices: The liquidity ratios

The functionality of the FRN Credit Indices is being improved on a continuous basis: the liquidity ratios provide information about risk premiums or the abstinence of market participants. The higher the Liquidity Ratio, the higher the risk premiums for the bonds belonging to the indices.

A comparison of the ratios to the spread changes of an index implies the increasing or decreasing activity of investor groups in the market as a whole. In this way the liquidity ratios are especially suitable for the refinement of risk control systems and internal aswell as external reporting.

The difference between the bid and offer side of the cash price and the discounted margin are added daily to the closing price. The various sums are then added up and divided by the complete number of index members.