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.
Markit Reference Data 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.
Our CDS reference data enables counterparties to rapidly agree on transactions and to have confidence in the
integrity of the underlying reference data.