Reference Data Testing

Incorrect reference data accounts for nearly half of all regulatory reporting errors.

Reference Data Testing allows you to evidence where you are right and identify where you are wrong, so you can fix any issues with your data.

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)
Cross-jurisdiction service covering all regulatory regimes.

Lies, LEIs and SFTR Reports

How should you proceed when the LEI waiver runs out on 13 April?

What do you get?

Reference Data Testing is delivered as an automated 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

Is your reference data accurate?

To find out, or for a conversation with one of our regulatory specialists, please get in touch.