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Interactive Data, Pluris to Daily Price Auction Rate Securities

Daily valuations for the hard-to-price instruments.

Interactive Data, a provider of financial market data, analytics and related solutions, today announced that its Pricing and Reference Data business now offers clients daily valuations for Municipal Auction Rate Securities including Student Loan Auction Rate Securities, from Pluris Valuation Advisors, a provider of market-based valuations of illiquid securities.

"Interactive Data continues to receive requests from clients for valuations of Municipal ARS, and our ability to work with a firm recognized for its capabilities in valuing these hard-to-value securities underscores our commitment to responding to client needs," said Shant Harootunian, managing director, Evaluations, Interactive Data. "Our Evaluated Services team has the depth of experience in providing daily valuations for a wide range of securities, and Pluris has the necessary data and valuation metrics to provide valuations for this particularly challenging asset class."

"Since the auctions for these securities began to fail last year, we have generated monthly and quarterly valuation reports based on ARS transactions including SLARS in the secondary markets, and we are pleased to make these, along with daily valuations for SLARS, Municipal ARS and other difficult-to-value securities available to Interactive Data's clients," said Espen Robak, Pluris president. "Working with Interactive Data provides us a venue for utilizing our proprietary data and pricing algorithms to benefit clients that need daily pricing data."

Interactive Data recently added coverage for 18 new MBS pass-through pool types, totalling 1,625 securities — including securities backed by relocation and jumbo loans.

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