Features Overview
Fuelled by fresh trade pricing from SCI’s PriceABS market data service and the Primary Market, L3 is continually calibrated to trade activity, ensuring that prices are accurate and refreshed each day. Our algorithms take into account refi/reset risk, distressed collateral and manager performance amongst other factors. Nevertheless, opinions between vendors and customer pricing desks can sometimes diverge, and where they do our timely and rigorous QA process ensures that no question is left unanswered. All challenges are met with the full attention of our former traders who designed the pricing algorithm, and who understand the characteristics of hard-to-price, illiquid or distressed bonds.
Our aim is to provide transparent, consistent, justifiable valuations that meet the standards for Fair Value reporting to make the work of Risk and Valuation professionals easier and quicker.
Automated valuations for USD & EUR CLO debt and equity
• USD/EUR BSL CLOs and USD MM CLOs
• Daily or monthly
• Same day turnaround on the day you send us your portfolio
• Valuation is on a T0 or T+1 basis
• Very competitive tariff
• Very responsive to any queries. Rapid challenge response process with full transparency - we are always happy to respond directly, and address any individual bond pricing queries our customers might have
• A truly independent daily CLO valuations service, currently pricing over 20,000 CLO tranches every day
Our heads of EUR and USD CLO valuations are both ex- CLO traders with decades of CLO pricing and valuation experience
• We are always ready to have a call to discuss our methodology in detail with prospective customers
Who is this for?
This service is designed primarily for those requiring independent prices of CLOs for monthly or daily CLO pricing requirements, in the main the following functional
areas:
• IPV or Valuation Control
• Pricing Management
• Fund Administrator
• Audit
The following functions might also require an independent view on pricing from time to time:
• CLO Manager
• Risk Manager
• Portfolio Manager
• Trustee
• Audit
• Traders
