Infront Professional Terminal
What's new in IPT version 8.6.500
Credit ratings and WM data launched in Infront Professional Terminal
As the next step in our integration plan and fixed Income strategy, we are pleased to introduce credit ratings and WM data in the latest version of our Professional Terminal.
Following the integration of contributor bond data last year, credit ratings provide an added layer of insight into the debt market and its inherent credit risk. Ratings data is provided by the market leading agencies S&P, Moody’s and Fitch* and includes ratings on the individual bonds on the issue level as well as the issuer on the overall entity level.
The addition of reference data from WM has helped to strengthen the Corporate Debt module significantly.
Several new features have been introduced to help you navigate and structure this data:
- First and foremost a new set of columns which can easily be added to a Market view or your personal Watchlist.
Columns can be added from the shortcut function in “+” or you can view the full selection in the column configuration by the credit ratings category:
As the agencies apply different scales to their rating methodology, each agency holds their own dedicated set of columns and fields. This means that there is no consolidated rating view across sources.
Consequently individual agency feeds are also available in the Market view:
In the individual agency feeds the respective columns are automatically populated as seen below with S&P:
- Every column offers filtering capabilities allowing you to screen on a market or agency universe. Typical filtering scenarios include: only Investment grade ratings, only the most recent assessments by date or only affirmations. For instance, you can filter the Frankfurt Floor market based on Fitch rating, only “B” and above, by simply sliding the bar to the preferred level:
- In the Market and Watchlist view this can be applied across the agencies to show multiple rating agencies’ columns. Moreover the column filtering tool displays the distribution in a certain market or from the agency universe.
- This allows for typically filtering out S&P’s most recent upgrades by date, with a stable outlook and a current rating of A+ and above if you have a conservative mandate.
A new tab has been added to the Bond Overview consolidating the information for the specific bond. Long term ratings are displayed on the Overview page:
The custom view consolidates all ratings data on the instrument and substitutes the Instrument overview:
*Currently Fitch is only available for clients contracting with Infront Financial Technology GmbH.
WM Bond reference data*
Bond reference data from WM include new columns data and provides reference and price data points on Duration, Yield, Convexity and many more as well as loan terms such as various callable properties of the bond and at what time these may be called at the issuer’s discretion.
For a complete overview on the individual bond level the fields populate at the bottom of the details tab in instrument overview under Bonds Info:
As with the ratings this data can be applied as columns enabling you to screen or sort a market as well as combine your own selections in a watchlist for further comparison and analysis.
*WM data is primarily offered to German clients.
WKN is now supported as an additional identifier searchable across terminal windows and functions allowing you to quickly identify instruments based on WKN:
For questions or additional information please refer to your respective Client Success Manager or reach out to our support.