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UBS CreditDelta enhances portfolio analysis with integration of Markit benchmark pricing

London / United Kingdom | | Media Releases EMEA

London, 24 January 2006 - UBS Credit Delta, the fixed income portfolio and risk management platform used globally by hedge funds and asset managers and Markit Group Limited ('Markit'), a leading source of independent mark-to-market pricing and valuations, today announced the availability of Markit's benchmark pricing integrated with UBS CreditDelta for mutual customers.

Market credit default swap pricing is now available to mutual customers within UBS Credit Delta platform to help the hedge fund and asset management community exposed to credit derivatives value, monitor and service their risk management needs using the best available benchmark credit data from Markit.

Julie Chakraverty, Global Head of Fixed Income Analytics at UBS said: "This development demonstrates UBS CreditDelta's continued commitment to our clients' growing needs. We create true added value by providing our clients with both choice and technical excellence. It also represents a next step in UBS's new institutional Client Connectivity initiative, designed to extend our portfolio services model and establish seamless electronic gateways with our clients."

"Markit is delighted to be working with UBS CreditDelta to further help joint customers get an integrated view of the best available credit pricing for their risk management needs," said Mark Hunt, Director, Product Development at Markit Group.

Enquiries:

Julie Chakraverty, UBS CreditDelta +44 20 7568 3436
julie.chakraverty@ubs.com

Teresa Chick, Markit Group Limited +44 20 7890 5094
teresa.chick@markit.com