Derivatives benchmark SuperDerivatives (SD) has confirmed its credit derivatives platform SD-CD will power Standard & Poor's (S&Ps's) new credit default swap (CDS) indices.

The three new indices - the S&P 100 CDS, the S&P DCs US Investment Grade Index and the CDS US High yield index - will use SD-SD for daily valuations and distribution.

James Rieger, vice president of index services at S&P's, said: "Following rigorous evaluation, we have chosen the SD-CD platform as out calculation benchmark for credit derivatives, bringing deep analytics, broad instrument coverage and superior functionality to our family of new CDS indices."