DTCC enhance fixed income security master file data offering
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DTCC enhance fixed income security master file data offering 16 October 2024US Reporter: Jack McRae
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The Depository Trust & Clearing Corporation (DTCC) have announced an enhanced fixed income security master file data offering.
Containing more than 20 new elements, Corporate Fixed Income Premium Intraday Reference Data will aim to provide more data at a higher frequency.
DTCC also say that “by expediting operational reference data creation and validation, firms can improve their operational processes and lower cost and risk”.
Tim Lind, managing director of DTCC Data Services, says: “Intraday corporate fixed income data is critical for the identification, valuation, trading, and settlement in the secondary market. The T+1 transition requires firms to operate more quickly within shorter timeframes. Having access to underlying security data on a timelier basis can help firms achieve that objective.”
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