Celfin Capital Selects Markit for Independent Valuations

LONDON and NEW YORK--Markit, a leading, global financial information services company, today announced that Celfin Capital, one of the leading asset managers in Chile, has selected Markit as its preferred provider of independent valuations. Celfin is the first Chilean asset manager to appoint an international third-party for its portfolio valuations.

Markit will provide Celfin with independent, post-trade calculations of the gross asset value of a portfolio of complex over-the-counter (OTC) derivative trades. Valuations will be provided on a daily basis for vanilla and exotic instruments across a broad range of asset classes including credit, equity, currency, energy and interest rates.

Initially, Markit's Portfolio Valuations service will be used in the valuation of two Celfin portfolios with over $450 million under management.

Rafael Ariztia, Chief Investment Officer at Celfin Capital, said: "We chose Markit for their experience in providing valuation services for complex, illiquid instruments. It is important to us that Markit's valuations draw from a high-quality dataset of observable prices, rather than modelled prices. The pricing transparency available through Markit improves our internal processes and makes us an even better partner to our clients. Introducing independent valuations as a best practice for asset managers in the region is a major milestone for us."

Shane Akeroyd, Global Head of Sales, Marketing and Client Support at Markit, said: "We are delighted that Celfin Capital has chosen Markit to provide independent valuations and regard the agreement as a key achievement of our valuations effort in Latin America. More broadly, we believe that independent valuations are an important part of the process that funds need to adopt to keep step with a changing regulatory landscape and new transparency requirements emerging in Chile and other countries in the region. Celfin Capital is clearly leading the way in this important industry shift in Latin America."

For further information, please contact:
Alex Paidas
Director, Corporate Communications
Markit
Tel: +1 212 205 7101
Email: alex.paidas@markit.com

Elisa Perez
Marketing Manager
Celfin Capital
Tel: + 562 490 5253
Email: epv@celfin.com

Notes to Editors:

About Celfin Capital
Celfin Capital is one of the leading financial services firms in Chile for institutional and individual investors. Formed more than 20 years ago, Celfin manages more than USD 10 billion in mutual funds, private equity funds, real estate funds, investment funds for institutional investors, Chilean foreign capital investment funds and international funds. For more information, see www.celfin.com.

About Markit
Markit is a leading, global financial information services company with over 1,500 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace.