Markit RED legally verifies CDS reference entity and reference obligation data. Unique alphanumeric RED codes help reduce errors when confirming trades and ensures the correct representation of the underlying credit risk. RED CDS corporate action and succession event alerts allow clients to effectively monitor portfolios over the life of a trade. RED has been fully integrated with all widely used trade processing, market data and inter-dealer broker platforms.
Markit RED also offers verified data and RED codes for LCDS reference entities and reference credit agreements. RED LCDS maintains data on all syndicated secured loans in North America and is the definitive source for LCDS referential information on European credits. RED's LCDS news and notifications provides transparency on LCDS succession and cancellations.