ICE Presents Benchmark Data for Leveraged Loan Market

Leverages US Bank’s leading loan servicing franchise to deliver high-quality, granular data

ATLANTA & NEW YORK, December 08, 2021–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of market data, technology and infrastructure, today announced that it will begin offering benchmark data on leveraged bank loans through its ongoing collaboration with US Bank. The offering will provide investors and other market participants with detailed, high-quality benchmark data from the largest loan administrator in the United States.

According to the Securities Industry and Financial Markets Association (SIFMA), the leveraged loan market represents approximately $1.6 trillion in outstanding loans. These syndicated loans serve a variety of purposes, including general corporate purposes, refinancing and recapitalization of credit, or financing acquisition objectives. The underlying data for these loans has generally not been readily available to market participants, which can make it difficult to classify or compare different instruments or relate them at the enterprise level.

ICE’s new solution offers more than 130 different reference data fields, including terms and conditions, corporate actions and business entity structures, designed to allow users to easily characterize and compare different loans. This service is integrated with ICE’s leading reference data platform, which enables seamless linking to major corporate structures and other titles. ICE is also introducing a specific and unique identifier designed for leveraged loans to help investors easily identify loans.

“Leveraged loan data coverage represents one of the most requested asset classes by our clients,” said Mark Heckert, director of products, fixed income and data services at ICE. “Working with US Bank, the leading administrator of leveraged loans and secured loan obligations, allows us to provide detailed, actionable, and granular data for an asset class that is not widely available on the market. other platforms, particularly from an ESG perspective.”

The loans represent nearly all of the widely syndicated leveraged loans in the US market, as well as smaller government loans that may not have a broad following. The universe can offer market participants a comprehensive, accurate and timely tool when analyzing their leveraged loan assets. The inclusion of benchmark bank lending data expands ICE’s asset class coverage and enhances the company’s valuations, analytics and index solutions.

ICE’s master data can help users support their risk management processes, maintain compliance, and maximize operational efficiency. ICE’s master data solutions include terms and conditions data, corporate actions, service to business entities, environmental, social and governance (ESG) risks and opportunities, exchange-traded derivatives, on securities for NYSE Group quotes, and more. To learn more, please visit: https://www.theice.com/market-data/pricing-and-analytics/reference-data.

About intercontinental exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that provide our clients with access to critical workflow tools that increase transparency and operational efficiency. We operate Exchangesincluding the New York Stock Exchangeand clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income securities data services and execution capabilities provide insights, analytics and platforms that help our clients take advantage of opportunities and operate more effectively. To ICE Mortgage Technology, we are transforming and digitizing the residential mortgage process in the United States, from consumer engagement to loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

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Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements, see ICE’s filings with the Securities and Exchange Commission (SEC), including, but not Limit thereto, the risk factors in the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the SEC on February 4, 2021.

SOURCE: Intercontinental Exchange

ICE CORP

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