The SRTx is a fixed income benchmark rate index that measures the estimated prevailing new-issue price spread for generic private market risk transfer transactions.
The SRTx provides market participants with a regularly updated benchmark reference point for pricing in the private risk transfer market and so provides a useful pricing tool for anyone active in the sector by aggregating thoughts among issuers and investors on where deals are currently pricing.
The index also provides a fully independent benchmark price for the SRT sector’s stakeholders and offer an historical dataset of index prices. The index went live on 28 February 2023.
Market participants may license the SRTx underlying data for pricing/public benchmarking purposes.
Contributors Industry practitioners are invited to contribute to the SRTx and so provide end-of-month pricing on theoretical deals covering Corporate and SME deals in Europe and the US. As an incentive to contribute, regular contributors will be given access to the high-low pricing spread each month to understand how they price relative to the cohort. Become a contributor.
You must be a subscriber to access SRTx data - please contact SCIfor more information
