Royal Bank of Scotland (RBS) has signed up for a credit pricing verifications service, developed by Lombard Risk Systems, to monitor the credit default swap market prices for independent price verification of its traders' closing prices.

Launched in 1999, ValuSpread Credit now has 29 contributors, and has grown from providing data on a monthly basis for plain vanilla instruments to providing data and many related analytics on a daily basis for both plain vanilla instruments and complex structured credits.