Mark-it Partners Ltd. Information

Launched in February 2003, Mark-it Partners Ltd (www.mark-it.com) is an independent company offering the world's first daily service for pricing credit derivatives and cash credit instruments, providing credit data to any market participant for the first time. Mark-it Partners contributing Partners include ABN Amro, Bank of America, Citigroup, Credit Suisse First Boston, Deutsche Bank, Dresdner Kleinwort Wasserstein, Goldman Sachs, JPMorgan Chase Bank, Lehman Brothers, Merrill Lynch, Morgan Stanley, TD Securities, and UBS. These banks feed current and historical credit data into the Mark-it system on a daily basis, facilitating better decision-making and credit risk management within banks' credit operations. In January 2004, Mark-it Partners acquired US-based syndicated loan broker and data provider, LoanX. The combined customer bases on Mark-it Partners and LoanX now include over 100 international financial institutions that receive market valuations on corporate bonds, credit default swaps and syndicated bank loans on a daily basis. Customers can compare this related pricing information in order to increase credit market transparency and liquidity, as well as manage risk more precisely. In May 2004, Mark-it Partners acquired UK-based Totem Market Valuations, a provider of OTC derivatives consensus valuations. Totem Market Valuations Ltd was formed in 1997 to provide essential independent market price information on the OTC derivatives markets to product controllers and risk managers. The company covers the equity, interest rate, bond, foreign exchange, credit and commodity derivatives markets. This acquisition by Mark-it provided participants with an unparalleled range of data, enabling them to meet increasingly stringent regulatory and accounting requirements.