ICE Introduces Reference Data for Leveraged Loan Market in Partnership with U.S. Bank

Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology and market infrastructure, has expanded its partnership with U.S. Bank to begin offering leveraged bank loan reference data.

The Exchange highlighted that the offering would provide investors and other market participants with high-quality and detailed reference data from the largest administrator of loans in the US, helping users support their risk management processes, maintain compliance and maximize operational efficiencies.

ICE’s reference data solutions deliver more than 130 different reference data fields, including terms and conditions, corporate actions and business entity structures, designed to make it easy for users to characterize and compare different loans. This service is built into ICE’s leading reference data platform, which allows for seamless linkage to larger corporate structures and other securities. ICE is also introducing a specific and unique identifier designed for leveraged loans to help investors easily identify loans.

“Coverage of leveraged loan data represents one of the most requested asset classes from our customers,” said Mark Heckert, Chief Product Officer, Fixed Income and Data Services at ICE. “Working with U.S. Bank, the leading administrator of leveraged loans and collateralized loan obligations, allows us to provide extensive, actionable and granular data for an asset class that is not widely available on other platforms, especially from an environmental, social and governance (ESG) perspective.”