Fitch Ratings is testing and planning soon to launch a service providing market risk pricing and analysis for synthetic collateralized debt obligations. The Web-based initiative, called Risk Analytics Platform for Credit Derivatives--or RAP CD--will offer similar services to those Fitch offers for credit risk, said Kimberly Slawek, group managing director, at Fitch's Global Synthetic CDOs and Credit Derivatives Conference last Wednesday.
It will include marked-to-model prices and market risk reports, similar to credit ratings and presale reports, as well as Fitch's CDO pricing model, third-party CDO pricing models, underlying components for calculations of pricing models and a deal database. Slawek declined to comment on a target release date.
