Reference Data Testing

Often overlooked, incorrect reference data accounts for nearly half of all regulatory reporting errors.

Robust testing of reference data should therefore be a key element of any reporting assurance process.

Key features

  • Executes a range of tests to counterparty and instrument reference data to check for both accuracy and completeness
  • Full population of reference data is tested for complete mappings to the appropriate identifiers
  • Assesses the use and allocation of internal identifiers
  • Normalises legal name and address
  • Real-time checking of Legal Entity Identifiers (LEIs)
  • For MiFIR, EMIR, DFA, SFTR, HKMA, ASIC and other G20 regulations.

100%

All reportable data fields are tested to identify all errors in your reference data

What do you get?

Reference data testing is delivered as a managed service with testing taking place monthly or quarterly depending on your trading volumes. Clients receive: 

  • Summary management report on your data, detailing the risks identified and testing findings
  • Summary information on the shape of your reference data
  • A list of all findings by reference data record providing complete transparency and an audit trail
  • Proposed values for LEIs where these are missing from your data.

Full results

Delivers detailed test findings to simplify back-reporting