Bond Pricing Service
- Mobility Enabled
RBC Support Pack
Reference Pricing Service
BPA Malaysia Bond Indices
MFRS Support Pack
BPAM Market Implied Rating
BPAM Transparency Tool
BPAM Default and Rating Transition (DaRT) Report
BPAM Report Service
BPAM 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?
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, BPAM offers professional fixed income evaluated pricing services, providing reliable valuations for Ringgit bonds, sukuk and short term instruments on a daily basis.
• Covering Rated and Unrated Issues
• 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
• Accepted by the audit and accounting practice for valuation purposes
• Flexible delivery channels via email, web-based or secure ftp
• Built in redundancy to ensure reliable, on-time delivery
• 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
We are the only Bond Pricing Agency registered with Securities Commission Malaysia and cater to over 120 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.
Download Rated Bond Pricing Promo Kit |
Download Unrated Bond Pricing Promo Kit |
Download Short Term Instrument Promo Kit
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 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 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.
Download Basel II Promo Kit
To help insurers comply with the Risk Based Capital framework 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.
Download RBC Promo Kit
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.
Download Reference Pricing Service Promo Kit
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.
[For additional information, please click here]
BPAM 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 MFRS 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.
Download MFRS Promo Kit
BPAM Market Implied Rating (BIR) provides a market driven perspective on issuer risk and acts as a complement to fundamental credit rating analysis.
BIR is available for both rated and unrated Ringgit-denominated bonds and sukuk.
Reviewed daily, it is a non-subjective quantitative driven approach from which results are calibrated via financial mathematics.
BIR is a powerful tool for traders, risk professionals, analysts and investment managers alike.
Download BIR Promo Kit
BPAM Transparency Tool (BTT) provides in-depth analysis of the trades and quotes that form the underlying data from which BPAM derives its evaluated prices.
The BTT offers a one stop platform for users to assess the bond pricing environment and to digest and analyse trades and quotes information which enable users to gain incisive insights into the factors which surround the dynamic processing of evaluated prices.
Download BTT Promo Kit
BPAM DaRT Report uses a withdrawal adjusted static pool methodology which is in line with majority of other international studies. The report aims to show a comprehensive default study on the Malaysian bond market.
The DaRT report is produced quarterly as opposed to the conventional yearly default study to improve the ability to capture rating changes that occur throughout the year.
Download BPAM DaRT Report Promo Kit
BPAM Report Service is made up of a series of reports :
1. RPS Lite
These reports provide reference data to facilitate issuance on primary level and summary of key factors influencing the historical price movements of a specific list of bonds for a specific timeframe.
2. Reference Timing Report (RTR)
3. Bond Tracker
Download BPAM Report Service Promo Kit