The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Mark-it Signs Up 16 Institutions For Project Red

Subscribe to our newsletter

Mark-it Partners has signed up an initial 16 financial institutions to its reference entity database service, known as Project Red, which draws on alphanumeric codes created by Standard & Poor’s Cusip Bureau Service (Reference Data Review, September 2003). The database was founded earlier this year by three institutions – Deutsche Bank, Goldman Sachs and J.P. MorganChase – which granted the mandate to operate the service to Mark-it Partners. Mark-it says it has agreements in principle to subscribe to the service for a minimum of three years from: ABN Amro, Bank of America, Bear Stearns, Citigroup, CSFB, Dresdner Kleinwort Wasserstein, HSBC, Lehman Brothers, Merrill Lynch, Morgan Stanley, Royal Bank of Scotland, TD Securities and UBS. Project Red is aimed at reducing risk of mismatched credit default swap trades.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Sanctions – The new pre-trade challenge for the buy-side

Sanctions screening at the security level is a relatively recent requirement for the buy-side. It dives deeper than traditional KYC and AML screening and is immensely challenging as firms must monitor frequently changing sanctions lists, source up-to-date sanctions data and beneficial ownership data, and integrate these to screen growing lists of potentially sanctioned securities. As...

BLOG

DSB Call for Industry Feedback on UPI Legal Terms and Conditions Consultation

The Derivatives Service Bureau (DSB) has opened a consultation on the legal terms and conditions, and client support model, expected to apply to users of the Unique Product Identifier (UPI) Service, due to launch next year. The consultation sets out a range of proposals aimed to align with industry feedback for the DSB to support...

EVENT

Data Management Summit Boston (Redirected)

As investment management firms take on more responsibility and control over core operational functions, A-Team has seen demand for a more buy-side oriented event focused on data and data management. The inaugural DMS Boston will take place in June 2020, and will focus on topics of interest to buy-side practitioners.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...