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ICICI Selects Markit for Pricing As CDSs in India Set to Boom

ICICI Bank, India’s second largest bank with assets of more than US$79 billion, has subscribed to Markit’s credit default swap (CDS) pricing service. ICICI will receive Markit’s daily CDS pricing to assist in the bank’s management of credit risk, particularly in the area of structured credit. Markit provides mark to market CDS pricing on around 3300 CDS entity-tiers of debt drawn from daily price contributions from 85 dealing firms.



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