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	> Primus to provide credit protection for dealers (Total Derivatives - March 15, 2002)

Mark-it Signs Primus as Contributing Customer

06/26/2003
Reuters English News Service
© Reuters Limited 2003.

LONDON, June 26 (Reuters) — Credit pricing service Mark-it Partners Ltd. said on Thursday that Primus Financial Products, LLC, a provider of credit risk protection to dealers and investors, has become the company's latest contributing customer.

Under a two-year agreement, Primus will provide Mark-it with its credit pricing data on a daily basis, to be included in Mark-it's database, the two companies said in a statement.

Primus will receive the full range of services from Mark-it, including daily mark-to-market valuation data for all of their credit default swap positions.

Mark-it gets data from its customers and its 12 partner banks, which are: Bank of America, Citigroup, Credit Suisse First Boston, Deutsche Bank, Dresdner Kleinwort Wasserstein, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley, TD Securities and UBS Warburg.