Parameta Solutions Unveils IRS Fixing Indices

Parameter Solutions, the data and analytics arm of TP Icap, has launched a new family of EUR and USD swap rate fixing indices built on data from Icap’s interest rate desks.

The firm says the new indices represent the mid-rate of interest rate swaps across multiple tenors, delivering “a transparent new trusted benchmark for market participants”, and marks a “bold expansion” to Parameta Solutions’ index franchise, which already spans interest rates, inflation and energy and commodities.

The development of these swap rate indices follows, the firm explains, demand from market participants for high-integrity benchmarks in OTC market. Parameta has licensed the new indices to Société Générale, who will use them in structured products issuance for the French market.

“Transparency is the cornerstone of healthy markets,” says Silvina Aldeco-Martinez, CEO of Parameta Solutions. “Our swap rate indices are a decisive step in our mission to democratise access to OTC markets.”

Laurent Besnainou, head of global markets sales for France at Société Générale, adds, “Structured products linked to interest rates have been growing strongly for nearly three years, benefiting from the new long-term interest rate regime. The vast majority of these products are capital guaranteed, offering diversification both in terms of investment universe and risk profile. They are ideally suited to the life insurance format and to investors looking for other solutions alongside Euro-denominated funds. We believe this partnership with Parameta Solutions will strengthen our ability to offer innovative and reliable solutions to our clients.”