The provision of quality and timely reference data is essential to reducing operational risk and trade failures. Markit EDM enables customers to cleanse and reconcile disparate data from multiple sources. It provides timely access to accurate front, middle and back office reference data.
EDM enables customers to integrate security reference data from external and internal systems and maintain data consistency. In an audited environment, Markit EDM sources, validates, compares, persists and creates exceptions. The security master ensures all data is cleansed, validated, distributed and visualised. Full audit trails of exactly where data originated from and where it was sent to are maintained.
EDM supports multiple pricing methodologies. Data lineage ensures firms are able to trace data, identify where it came from, who touched the data and which rules were applied to it. The ability to produce audited, quality data means firms can move away from over validation of such data.
Rates and curves
EDM creates a golden copy of rates by collecting, transforming, validating and visualising rates and curves in real time. These reference data tables can be distributed to downstream systems in the desired format.
Party and issuer
EDM sources, validates, compares and persists party data (issuer, counterparty, broker and guarantor) and creates a master. Exceptions are created and relationships are mapped and maintained.
EDM enables corporate actions data collection from multiple sources and automates the workflow. It validates, compares, manages exceptions and creates a master set ready for downstream distribution or automated email/report generation. Confidence in the accuracy and reliability of the data overall is markedly increased.