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Bond Pricing Services
Bond Pricing Agency Malaysia is the world’s first agency to specialize in Ringgit-denominated debt instruments. Our value is in going beyond ‘guesswork’ to quantifying our knowledge of the market into a consistent, verifiable pricing methodology.
Increasingly competitive operating environments, more sophisticated hybrid structures, deteriorating credit, greater market volatility: Is your fixed income portfolio correctly valued?
IAS 39, FRS 139, BASEL II, RBC, Investor Protection and Corporate Governance regulations: Does your current valuation methodology comply with ever more stringent performance reporting, audit and risk management requirements?
As the leading source and market standard for Malaysian bond data worldwide, BPA Malaysia offers professional fixed income evaluated pricing services, providing reliable valuations for Ringgit bonds, sukuk and short term instruments on a daily basis.
Unrivalled Valuations
• Over 2000 Ringgit instruments priced and delivered daily
• Covering Conventional and Islamic instruments: long term bonds, sukuk and short term papers (CP, Bills and Notes)
• Global standards for valuation methodology
• Transparent, verifiable pricing process
• Assured accountability via daily market feedback mechanism
Regulatory Compliance
• Meets the needs of IAS39/FRS139 and the future FRS9 for bid-ask pricing
• Accepted by the audit and accounting practice for valuation purposes
IT Security
• Flexible delivery channels via email, web-based or secure ftp
• Built in redundancy to ensure reliable, on-time delivery
• Sarbanes Oxley compliant for ensured data protection
Database Terminal
• Complimentary full access to BondStream™: the leading data mining tool for Ringgit bonds
• Powerful analytics and portability via web-based application
• View and track historical mark-to-market data beginning August 2005
Trusted
We are the only Bond Pricing Agency registered with Securities Commission Malaysia and cater to over 100 local and global institutional investors, and widely referenced by media and academic
circles.
Download our product brochures to know more about our evaluated Bond Pricing Services.
BPAM's custom-made information platform for the Malaysian Fixed Income market. It is installed into
users PC’s and runs off an internet line, making it fully mobile globally.
BPAM is effectively a data repository holding a vast archive of current and historical information on
trading, credit, stock and facility information, yield curves, statistics, issuers, tenders and so on. This
database has great value as an information source for all market participants and is made available
to clients as a value added service. The benefits of such easily and freely available information to the
market will manifest itself in the form of more active trading, finer price discovery, enhanced risk
management and optimal capital allocation.
This data is collected from a range of sources by our in-house team of data analysts who endeavour to
ensure that it remains up-to-date and accurate. In addition, BPAM has built an unparalleled network to
ensure that bid and offer prices are received on a intraday basis from market participants with the
objective of becoming the industry-recognised standard for valuation and position keeping. Together,
this information resource forms the raw material enabling BPAM to provide authoritative and accurate
financial data to dealers, bond sales people, brokers, asset managers, institutional investors, private
clients and financial advisers.
The current release of the BondStream platform allows
users to access:
Daily trading information;
Real-time intraday running bond price quotations from
money brokers;
Real time breaking news;
Bond analytic tools;
Custom yield curves;
Repo, money market and bond calculators;
Research papers, market commentaries and regulatory guidelines;
Data export to Excel;
Bond securities master information of individual
issues - including the calls, coupon dates,
currency, lead managers, guarantees, paying agents, accrual methods, amounts outstanding
and exchange listings;
Market statistics;
List of favourite user defined bonds;
Powerful customised bond and trade search tools;
Technical analysis tools;
BPAM generated YTM matrix with comprehensive spread analysis tools;
Full updates of securities master info for new bond issues and
Credit rating history and information for both RAM and MARC issues.
BASEL II Support Pack
BASEL II Support Pack provides consolidated credit rating information from the local rating agencies.
Today, risk managers will no longer required to source from various sources to capture the credit
rating information and BASEL II Support has proven to be a more efficient platform to receive and
track credit rating updates, as a result of it, operational risks due to human error can be significantly
reduced. BASEL II will prepare risk managers to effectively enhance market risk management and
optimize capital allocation with the implementation of BASEL II and the Risk Based Capital framework.
2009 marks the imminent implementation of the Risk Based Capital framework for Malaysian
Insurance companies. To help insurers comply with these regulatory requirements, BPAM has
created the RBC support pack which provides our in-house calculated zero/spot yield curves.
These curves are fully compliant with the requirements of the RBC framework and offer a cost
efficient off-the-shelf solution designed to slot right into current actuarial processes.
The Reference Pricing Service: Helping Bond Issuers Get The Best Deal
The Reference Pricing Service (RPS) is a unique product targeted towards bond issuers, and provides them with independent and transparent price guidance at the primary level.
According to our studies over the last 5 years, many bond issuers are paying rates far more than they should :
Nearly 75% of all issuers are paying at least 60 basis points higher than they should
Nearly 50% are paying MORE THAN 100 basis points higher than they should
This big gap is clearly an inefficiency in the price discovery process, which results in issuers being handicapped from day one with an overly expensive cost of funding. As a result, this creates further downstream inefficiencies, putting pressure on profit margins which is passed on to clients and consumers, further reducing competitiveness.
We believe that the bond market should be efficient to match the lender and borrower at an optimal rate. Issuers deserve to reap the full benefits of their credit quality to secure the best possible borrowing rate, and not be at the mercy of other market participants.
To do this, they need independent and accurate information to empower them in the price discovery/fixing process: This is where the RPS comes in.
Our track record speaks for itself, to date we have enabled bond issuers from various industry sectors to obtain fine rates for their bond issues, thus saving them millions of Ringgit.
Effective from 12 Oct 2011, we have co-branded our Bond Index with Thomson Reuters and it is now known as Thomson Reuters BPA Malaysia Bond Indices.
Thomson Reuters BPA Malaysia's groundbreaking range of bond indices bring a quantum leap to the measurement of portfolio
performance. Never before have indices of such granularity and reliability been available to Ringgit bond investors. Backed by our market standard methodology, these indices cover both Conventional and Islamic bonds across all tenor buckets.
In addition, BPAM has the capability to construct customized indices to meet specific portfolio needs.
2010 sees the full implementation of FRS 139 in Malaysia.
As such, BPA Malaysia is positioned to support the needs of market participants by providing daily BID - ASK evaluated bond prices data for nearly 2000 Ringgit fixed income securities.
Access to our FRS 139 support pack will enable investors to have comprehensive and consistent valuation data derived from our established bond pricing process. It is the preferred replacement to the current quote based methodology.
These 2 way prices will also find a multitude of uses in risk management and trading surveillance.
Bond Pricing Services
