Portfolio Analytics

In this release, we added the ability to export a firm’s exposure data for use in external workflows and improved reporting workflows in Portfolio Analytics. Users now have greater control over report changes with the option to update the entire report or only recalculate the changes.

Exporting Exposure

Users can now export the firm’s exposure to a company into a CSV file, for better integration into further analysis.

Find it in the platform:

• Portfolios tab
  • Navigate to the Portfolios tab from the top navigation
  • Expand the menu and click on the Exposure link
  • Once the Exposure window is launched, search for the company to analyze
  • View the exposure information and click on Export on the right-hand side
• Portfolio Analytics
  • Navigate to a report’s top-level navigation menu and click on View Exposure link
  • Or access it from an individual company within the report, via the left-hand side ellipsis menu, under the View Exposure link

Run Modified Widgets Only

Users now have the option to re-run the full report or only the modified components after making changes to a report. This flexibility saves time in reporting workflows.

Find it in the platform:

• Navigate to the Portfolios tab from the top navigation
• Go to Reports and open an existing report or create a new report
• After updating one or more widgets in a report, click on Update at the top right side of the report and choose to run full report or only the modified widgets
• Note: Full reports may need to be re-run when there are updates to portfolio or benchmark constituents in between report runs

Scorecards

In this release, we introduced a Cash Flow data input template for Project Finance, enabling users to streamline their inputs for Probability of Default (PD) and Loss Given Default (LGD) assessments.

Cash Flow Data Input Template on Project Finance

Users can now leverage the Cash Flow data input template to calculate key inputs for PD and LGD assessments of Project Finance assets. This template allows users to calculate key assessment parameters using a standardized methodology, enhancing accuracy and efficiency in the assessment process.

Find it in the platform:

• Navigate to the Scorecards menu item in the top navigation
• Select Project Finance from the dropdown menu
• On the landing page, start a new assessment for an existing project by clicking the + icon next to the project row or create a new project
• In the New Assessment form, select Yes for Do you want to use the Cash Flow Data Input Template? before starting the assessment
• The template can be accessed and utilized in the Cash Flow Inputs page of the PD assessment

Note: Access to the Cash Flow template requires respective entitlements, please contact your account team for further details.

ProSpread

In this release, we introduced the ‘Save Progress’ feature on ProSpread, enabling users to save and resume their in-progress extraction workflow at their convenience . This feature provides greater flexibility for our clients as they navigate their financial documents.

Save Progress

Users can now leverage the "Save Progress" feature to effortlessly save their work up to a point in time and resume their work at their convenience, all while maintaining confidentiality of their data. Users can save their workflow at any point after starting the verification of extracted data, giving them a local copy of their saved progress. They can then easily upload this saved file to continue their work seamlessly.

Find it in the platform:

• Save file:
  • Navigate to the ProSpread application from the top bar menu
  • Start a new extraction and continue to Step 3 of the process
  • Click on the Save option dropdown to access Save Progress on ProSpread
  • Download the file in JSON format safely and directly onto your local drive
• Uploading a saved file:
  • Navigate to the ProSpread application from the top bar menu
  • Click on Continue Previous Session in Step 1
  • Upload the saved file in JSON format to resume progress from the exact step it is saved

Credit Analytics Capital IQ Plug-In

In this release, we introduced the GSAC V3 Bond Sector Curves in the S&P Capital IQ Plug-In, significantly enhancing the precision and depth of bond sector analysis. These enhancements ensure a more accurate reflection of key market factors, incorporating an alignment with the Global Industry Classification Standard (GICS) and offering enhanced transparency to better support users' pricing, risk assessment, and regulatory compliance needs. Additionally, we have added a new metric under the Bond Implied Scoring Model, providing users with an easier way to link issuance scores directly with the corresponding bond issue.

GSAC V3 Bond Sector Curves

The GSAC V3 Bond Sector Curves are now available in the S&P Capital IQ Plug-In, providing essential tools for more informed decision-making in risk management and pricing strategies.

Expanded coverage includes:

• GSAC V3 curves: The GSAC V3 curves now cover 50 countries across diverse regions, including Asia Pacific, Eurozone, North America, and Global markets, including data for 23 different currencies and 18 rating classes.
• GICS Sector Integration: The addition of GICS sector data enables more granular insights and sector-specific analysis, aligning with global market standards.
• Comprehensive Seniority Inclusion: The curves now encompass a full spectrum of bond seniorities, including Senior Secured, Senior Unsecured, and Subordinated bonds, providing users with a holistic view of market conditions.
• Enhanced Methodology: The refined methodology ensures that the curves better reflect the true dynamics of the underlying bond markets, improving the accuracy of market assessments.
• Curve Transparency: A new transparency feature has been added to clearly identify bonds that match the curve criteria, allowing for better tracking, compliance, and regulatory support in areas such as transfer pricing, valuation, and credit risk analysis.

Below are the 13 new metrics:

• GSAC TRANSPARENCY METRICS:
  • IQ_CURVE_TRANSPARENCY_ISIN_GSAC
  • IQ_CURVE_TRANSPARENCY_ISSUER_NAME_GSAC
  • IQ_CURVE_TRANSPARENCY_AMOUNT_OUTSTANDING_GSAC
  • IQ_CURVE_TRANSPARENCY_ZSPREAD_GSAC
  • IQ_CURVE_TRANSPARENCY_YIELD_TO_MATURITY_GSAC
  • IQ_CURVE_TRANSPARENCY_MATURITY_DATE_GSAC
  • IQ_CURVE_TRANSPARENCY_LIQUIDITY_SCORE_GSAC
  • IQ_CURVE_TRANSPARENCY_COUNTRY_GSAC
  • IQ_CURVE_TRANSPARENCY_CURRENCY_GSAC
  • IQ_CURVE_TRANSPARENCY_SENIORITY_GSAC
  • IQ_CURVE_TRANSPARENCY_DATE_GSAC
• GSAC CURVE METRICS:
  • IQ_Z_CURVE_CONTINUOUS_GSAC
  • IQ_FULL_CURVE_CONTINUOUS_GSAC

Find it in the platform:

• Launch S&P Capital IQ Plug-in and open Formula Builder
• Search for the GSAC Curves metrics and transparency metrics within the GSAC Curves folder

New Metric Added to Bond Implied Scoring Model

Users can now access a new metric 'IQ_BM_ISSUE_ISIN' added under the Bond Implied Scoring Model, allowing them to easily link the issuance score with the corresponding bond issue

Find it in the platform:

• Launch S&P Capital IQ Plug-in and open Formula Builder
• Find the metric in the existing folder: Bond Model

December 2024 S&P Capital IQ Release Notes

December 2024 S&P Capital IQ Release Notes

Read December 2024 S&P Capital IQ Release Notes

In this release, we added new enhancements on Capital IQ to improve your daily workflows:

• We enhanced the Portfolio Analytics suite with scheduler improvements for better flexibility in report management and new reporting tool functionalities for deeper portfolio insights.
• We introduced targeted alerts in RiskGauge Desktop to help users monitor credit risk changes and take informed decisions.
• We enhanced Credit Risk Pricing with GSAC Bond Sector Curves for accurate market reflection, alignment with GICS, and greater transparency to support users' pricing and regulatory needs.
• We launched a beta version of the General Corporate Scorecard, and enhanced the Project Finance Scorecard to incorporate ESG factors in Probability of Default assessments.
• We enhanced the Excel-like interface in ProSpread for a seamless financial onboarding experience, offering features like Excel data export, synthetic merged periods, streamlined data selection, easier value updates, and flexible ratio calculations.