Access verified reference entity data for CDS
Confirming CDS trades with accurate data is essential for managing market risk and maintaining operational efficiency. Historically, firms have used many operational and legal resources to manually confirm CDS reference data while trying to avoid trade breaks with their counterparties.
The RED for CDS service confirms the relationship between a reference entity and a reference obligation, as well as corporate actions, CDS succession events and credit events. The service also provides verified index and constituent information for credit indices, including updated weighting and index factors upon a credit event.
Counterparties can rapidly agree on transactions and have confidence in the integrity of the underlying CDS reference data. 2018 March
- Data integrity – Obtain legal verification of reference data through a proven, multi-stage scrubbing process
- Dedicated support – Enjoy access to a global support team for research reference data inquiries
- Trade efficiency – Leverage unique alphanumeric RED codes assigned to all reference entities and reference obligations, which are used to confirm trades on MarkitSERV and other trade matching and clearing platforms, facilitating straight-through processing
- Seamless distribution – Access your data via web, automated XML download, or third-party platforms