SOURCE: Kamakura Corporation

Kamakura Corporation

November 16, 2010 10:00 ET

Kamakura Adds Default Probabilities for 2,100 Firms in China to Thomson Reuters Eikon Service

SHANGHAI, CHINA--(Marketwire - November 16, 2010) - Kamakura Corporation and Thomson Reuters today announced that they have launched key credit analytics for Chinese companies. The move is in response to developments in China's nascent credit markets which are undergoing rapid change as global and local investors increasingly demand both increased transparency and more robust credit risk-hedging tools.

Last week saw the launch of the country's local market for credit default swaps (CDS), dubbed Credit Risk Mitigation (CRM), which serve as instruments to hedge against risks in the Chinese domestic corporate bond market.

In response to this development, Thomson Reuters will be the first to market with Chinese CDS pricing compiled daily from 11 contributors, available as of Friday, November 5. The new service will provide CDS prices for major Chinese companies direct to financial market professionals via its financial desktops including Thomson Reuters Eikon, the next-generation, fully-integrated trading desktop solution.

Complementing this new offering, Thomson Reuters Eikon will also provide integrated and sophisticated credit default probability calculations for 2,100 Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. This award winning data*, the first of its kind for the Chinese market, is powered by Kamakura Risk Information Services, the globally recognized provider of risk management information, processing and software.

Thomson Reuters CDS pricing data and the Kamakura credit default probability figures are critical tools for investors and traders seeking opportunities in the rapidly expanding Chinese fixed-income markets. Taken together, these two tools bring unprecedented transparency and actionable data to the Chinese credit markets and enable market participants to make better, and smarter, investing decisions.

According to Henry Li, MD, Thomson Reuters China, "Thomson Reuters new data and tools bring unique insight into managing risk and exposures to the world's second largest economy. Professional investors and traders turn to Thomson Reuters as a neutral source, relying on us for robust, intelligent data to help them better understand how to effectively manage their corporate and country risk in China."

Kamakura founder and Chief Executive Officer Dr. Donald R. van Deventer added, "Kamakura Corporation has invested in state of the art credit risk technology for more than 20 years, led by the innovations of our research director Prof. Robert Jarrow. These innovations extend and go far beyond the 1970s work by Prof. Jarrow's thesis adviser, Prof. Robert Merton. Kamakura is very pleased to partner with Thomson Reuters to bring state of the art credit risk modeling to greater China."

* Thomson Reuters Creditviews, along with Kamakura, was named a winner of the Credit Magazine 2010 Credit Innovation Award for its Market Premium Ratio solution using Kamakura Corporation's KRIS default probabilities.

About Kamakura Corporation
Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has taken Credit Technology Innovation Awards from Credit Magazine each year since 2008. In 2010, Kamakura was the only vendor to win 2 innovation awards, one each with distribution partners Fiserv and Thomson Reuters. Kamakura, along with its distributor Fiserv, was ranked number one in asset and liability management analysis and liquidity risk analysis in the RISK Technology Rankings in 2009. Kamakura Risk Manager, first sold commercially in 1993 and now in version 7.2, was also named in the top five for market risk assessment, Basel II capital calculations, and for "risk dashboard." Kamakura was also ranked in the RISK Technology Rankings 2008 as one of the world's top 3 risk information providers for its KRIS default probability service. The KRIS public firm default service covering 29,400 public firms was launched in 2002, and the KRIS sovereign default service, the world's first, was launched in 2008. KRIS default probabilities are displayed for 4,000 corporates and sovereigns via the Reuters 3000 Xtra service. Kamakura has served more than 200 clients ranging in size from $3 billion in assets to $1.6 trillion in assets. Kamakura's risk management products are currently used in 33 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, the Ukraine, Eastern Europe, the Middle East, Africa, South America, Australia, Japan, China, Korea and many other countries in Asia.

Kamakura has world-wide distribution alliances with Fiserv (www.fiserv.com), Sumisho Computer Systems (http://www.scs.co.jp/english/), Unisys (www.unisys.com), and Zylog Systems (www.zsl.com) making Kamakura products available in almost every major city around the globe.

Contact Information

  • For more information contact

    Kamakura Corporation, Headquarters Office
    2222 Kalakaua Avenue, 14th Floor, Honolulu, Hawaii 96815
    Telephone: 1-808-791-9888
    Facsimile: 1-808-791-9898
    Information: Email Contact
    Web site: www.kamakuraco.com

    Kamakura Corporation, Shanghai
    Level 29 Shanghai Kerry Centre
    No.1515 Nanjing West Road, 200040
    Phone: +86.21.6103.7052
    Fax: +86.21.6103.7053
    E-mail:
    Li Li
    Email Contact
    Xiaoming Wang
    Email Contact

    Kamakura Corporation, Beijing
    Level 19 Tower E2 Oriental Plaza
    1 East Chang An Avenue
    Dong Cheng District 100738
    Phone: +86.10.8520.0455
    Fax: +86.10.8520.0220
    E-mail:
    Li Li
    Email Contact
    Xiaoming Wang
    Email Contact

    Press Contacts:

    Ms. Li Li, Managing Director
    Kamakura Corporation, Shanghai
    86.21.6103.7052
    Email Contact
    www.kamakuraco.com
    www.kris-online.com