Bond Valuation

As an industry-approved agency, we provide fair & reliable valuations across the spectrum of debt securities. Our valuation methodology is rooted in market best practices and regulatory compliance.

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ICRA Analytics has over 14+ years of experience in valuation of debt securities and structured products

Our robust valuation system, developed with regulatory authorities, offers daily assessments across various instruments, including:

  • bulletCorporate Bonds
  • bulletGovernment Securities (GSECs)
  • bulletState Development Loans (SDLs)
  • bulletCommercial Papers (CPs)
  • bulletCertificates of Deposit (CDs)
  • bulletTreasury Bills (T-Bills)
  • bulletMarket-Linked Debentures (MLDs)
  • bulletSub-Investment Grade Instruments
  • bulletUnlisted Debt Securities

Trust us to deliver timely reliable and fair valuations to support your investment decisions. Explore our services today!

Security Level Valuation (SLV)

Since our launch in 2013, we have been a pioneer in offering security-level valuation for the mutual fund industry. As a flagship product of the Market Data vertical, our Security Level Valuation (SLV) provides accurate market prices for each security, ensuring transparency for market participants and investors from both risk and liquidity perspectives.
Our accurate, market-backed pricing offers fair opportunities for both incoming and outgoing investors. With our first-mover advantage, we have witnessed and adapted to the entire industry cycle over the years. Our pricing models and systems are rigorously vetted by regulators, ensuring reliability and trust.
Supported by a strong valuation team and robust systems, we are the preferred choice for debt valuations among mutual funds, foreign institutional investors (FIIs), corporates, insurance companies, and portfolio management services (PMS) in the Indian debt market. Our clients benefit significantly from our services, as they can represent their portfolios fairly and are better positioned to calculate and mitigate risks.

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Matrices Based Valuation

Since 2009, we have specialised in matrix-based valuation, a traditional method of valuation widely used by banks till recently. Valuations involve the daily crafting of yield matrices for a variety of instruments.

Our matrices-based valuation process involves daily preparation of yield matrices for various instruments, including bonds, commercial papers, certificates of deposit, treasury bills, and state development loans. These valuations are precisely crafted based on the rating, duration bucket, and sector of each security.

Our meticulous process ensures you get a fair valuation of the securities, helping you make informed decisions with confidence. Join us on this journey and experience the transparency and accuracy that our matrix-based valuation brings to the table.

Pioneers in MLD Valuation

For over 12 years, we have led the market in valuing Market Linked Debentures (MLDs). Our expertise covers diverse structures, including Barrier, Lookbacks, Auto Calls, and Digital ones. Our cutting-edge option pricing platform employs a robust methodology, leveraging Monte Carlo simulations and volatility modelling to simulate underlying assets across numerous iterations.

We excel in valuing MLD structures linked to various benchmarks, such as G-Sec, stock, bond, and basket benchmarks. Our advanced techniques and proven track record ensure you receive the most accurate, reliable, and fair valuations in the industry.

Join us and experience the precision and innovation that set us apart in the MLD valuation segment.

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Below Investment Grade Valuation

We provide valuation of BIG securities based on the hair cut matrices. We have put in place a robust, detailed methodology to value sub-investment grade securities with PD and LGD methods.

FAQs

Bond valuation determines the fair price of a debt instrument based on market conditions, interest rates, and credit risk. It helps investors assess returns, compare investment options, and manage risks, making it essential for accurate portfolio valuation and decision-making.

ICRA Analytics ensures accuracy through robust methodologies, daily market tracking, and regulatory-aligned processes. Its pricing models incorporate yield curves, credit spreads, and market inputs, supported by continuous validation and oversight to maintain consistency and reliability across valuations.

Bond valuation services cover corporate bonds, government securities, state development loans, treasury bills, commercial papers, certificates of deposit, market-linked debentures, and sub-investment grade instruments, offering comprehensive valuation support across the fixed income spectrum.

Typical use cases include NAV calculation for mutual funds, risk assessment, portfolio valuation, regulatory compliance, and financial reporting. Accurate bond valuation supports transparency, ensures fair investor treatment, and helps institutions meet regulatory and internal reporting requirements.

Security Level Valuation (SLV) provides individual pricing for each security rather than aggregated estimates. It improves transparency, enhances accuracy in portfolio valuation, and helps investors better understand liquidity and risk at a granular level.

SLV focuses more on issuer-specific credit risk, liquidity, and market spreads.. SLV ensures accuracy through robust methodologies, daily market tracking, and regulatory-aligned processes.

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