Workflow and analytics solution provider Dealogic has selected CounterpartyLink to provide it with legal entity data in order to ensure that the vendor and its clients have access to a single and unique view of each legal entity that is being processed between the parties. The vendor opted to sign the three year agreement with CounterpartyLink because of its flexibility and willingness to go the extra mile, says Howie San, Dealogic Solutions’ director of equity products.
The primary reason for the selection was CounterpartyLink’s offering, which will provide Dealogic with auditable legal entity data on many thousands of its global investor records. “We chose CounterpartyLink not only because they have demonstrated their accurate, validated data content and have the coverage required, but also because of their flexibility and willingness to work with us to satisfy our sometimes unusual requirements,” adds San.
Dealogic hopes that the data will allow its customers to avoid potential errors during equity syndications and help improve their accuracy and efficiency via the provision of the registered legal entity name as the basis for its master investor database records. These names and other reference data fields will now be provided and maintained by CounterpartyLink on a continuous basis.
San explains: “We have a constant requirement to de-duplicate, validate and ensure that only a single up to date legal name is assigned to any one entity. In this way we can help our customers ensure that there is no duplication or inaccuracy in their order books, and indeed we can act as a check point for the entity enquiries coming from our clients.”
James Redfern, head of sales and marketing at CounterpartyLink, adds: “This will benefit their ongoing proactive approach in maintaining legal entity data for compliance and business purposes.”