Collaboration with MountainView IPS Provides Evaluated Pricing for Hard-to-Value Loans
Thomson Reuters announced the launch of evaluated pricing for Marketplace Lending – derived by Thomson Reuters Pricing Service (TRPS) and MountainView IPS – to assist fixed income investors and investment managers with third-party, fair market valuation and price verification for hard-to-value loans. The new offering will be part of the TRPS global solution that provides users of the DataScope suite with evaluated prices to support portfolio, fund and single-security valuations.
Non-traditional lending has registered explosive growth over the past several years. In the U.S. alone, marketplace loan origination – known also as peer-to-peer lending, where borrowers are matched with investors via an online marketplace platform — has more than doubled each year since 2010, reaching approximately $12 billion in 2014 and exceeding $16 billion for the first six months of 2015.
With its global team of over 150 fixed income professionals, TRPS is a solution that covers over 2.5 million fixed income securities, derivatives and loans, priced daily. Prices are delivered throughout the day or at market closing times around the world depending on the asset class, with supporting commentary to provide insight on the day’s events.
Source: Thomson Reuters