Confirming CDS trades with accurate data is essential for managing risk and maintaining operational efficiency in the market.
Historically, firms had used many operational and legal resources to manually confirm CDS reference data while trying to avoid trade breaks with their counterparties.
RED for CDS confirms the relationship between a reference entity and a reference obligation, as well as corporate actions, CDS succession events and credit events.
We also provide verified index and constituent information for credit indices, including updated weighting and index factors upon a credit event.
RED for CDS enables counterparties to rapidly agree on transactions and to have confidence in the integrity of the underlying reference data.