Press Releases
Standard & Poor’s to Provide Multiple Data Feeds to Asset ControlNew York, November 20, 2007
Ratings, reference data, classifications and institutional information from Standard & Poor’s will be available to Asset Control’s AC Plus clients
Standard & Poor’s, a leading provider of financial market intelligence, announced that its industry-leading credit ratings, security identifiers, cross-referenced data, securities evaluations information and institutional data are now available through AC Plus, the flagship product of Asset Control™, a leading provider of data management solutions for financial services.
Standard & Poor’s has added Security to Entity CrossWalk™ (an alliance between Standard & Poor’s, D&B and Telekurs Financial) and CUSIP Master File data feeds to its existing set of data feeds available through AC Plus. The addition of those two feeds expands Asset Control’s data coverage of the U.S. markets, enabling AC Plus’s clients to enrich their existing data package with high-quality credit, CUSIP and hierarchy information.
“Standard & Poor’s is committed to expanding the availability of our industry-leading financial market intelligence by partnering with market participants, and this new agreement with Asset Control is a prime example of that commitment,” said Vlad Stadnyk, executive managing director of Standard & Poor’s Data & Information Services. “We provide more transparency for the financial markets by delivering a variety of data to investment and financial research professionals.”
In addition to Security to Entity CrossWalk and CUSIP Master File, Asset Control will add the following Standard & Poor’s data feeds:
- Standard & Poor’s ISIDPlus Master Service (global identifier cross-reference service, a joint venture with Telekurs Financial)
- Standard & Poor’s Securities Data Manager (real-time fixed income descriptive data)
- Associated Obligor Service (links entities responsible for paying/guaranteeing debt to financial securities)
"Augmenting our already substantial support for Standard & Poor’s data and expanding upon our off-the-shelf connectivity to additional Standard & Poor’s product offerings gives our clients more robust and flexible capabilities that translate into reduced error rates, quicker implementations and lower ongoing support costs for our clients,” said Phil Lynch, Asset Control’s president and chief executive officer. “This expansion demonstrates the ease in which AC Plus integrates with internal environments as well as third-party applications in order to help our clients leverage prior investments.”
Standard & Poor’s already provides the following data, some of which have several subscription and delivery options, through AC Plus:
- RatingsXpress (global credit ratings, research and risk analysis)
- GICS Direct (Global Industry Classification Standard).
About Standard & Poor’s
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com
About the CUSIP Service Bureau
The CUSIP Service Bureau (CSB) is dedicated to driving efficient trading, clearing and settlement of financial instruments throughout capital markets worldwide. CSB enables enormous efficiencies and cost savings by providing a unique common language for handling instruments across institutions, exchanges and nations, and originates over 70% of all identifiers used in securities transactions. With nearly 40 years of experience, CSB is operated for the American Bankers Association by Standard & Poor's, two leading organizations dedicated to promoting strength and profitability of the global financial services industry. For more information, visit www.cusip.com
About Asset Control
Asset Control provides centralized data management solutions for financial institutions worldwide. From business-entity to firm-wide projects, Asset Control offers a strategic reference and market data platform that delivers the accuracy, consistency and relevancy firms need to reduce costs and risk, manage evolving compliance needs, and accelerate the delivery of new products and services. A Fidelity Ventures company, Asset Control’s customers include some of the world’s most successful financial institutions, including Barclays, Dresdner Bank, Harvard Management Company and Wachovia Corporation. For more information, visit www.asset-control.com.
Media Information:
Christopher Capot
KNB Communications
(212) 505-2441 x116
ccapot@knbpr.com
Product Information:
Standard & Poor’s
Maria Latorraca
CUSIP Service Bureau
(212) 438-6552
maria_latorraca@standardandpoors.com
Standard & Poor’s
Theresa Werner
Product Management
(212) 438-4570
theresa_werner@standardandpoors.com
Asset Control
Deborah Overdeput
VP, Marketing & Product Management
212-445-1076
doverdeput@asset-control.com