Markit RED
Markit RED is the market standard for Reference Data. RED provides critical information on CDS reference credits that enables financial institutions to efficiently confirm trades and manage their positions.
Product summary:

Markit RED legally verifies CDS reference entity and reference obligation data. Unique alphanumeric RED codes help reduce errors when confirming trades and ensures the correct representation of the underlying credit risk. RED CDS corporate action and succession event alerts allow clients to effectively monitor portfolios over the life of a trade. RED has been fully integrated with all widely used trade processing, market data and inter-dealer broker platforms.
 
Markit RED also offers verified data and RED codes for LCDS reference entities and reference credit agreements. RED LCDS maintains data on all syndicated secured loans in North America and is the definitive source for LCDS referential information on European credits. RED's LCDS news and notifications provides transparency on LCDS succession and cancellations.
Key benefits:
RED is the central source of CDS reference data, and enables counterparties to quickly agree on credit derivative transactions without need for legal review of reference entity / reference credit agreement details
RED codes reduce risk when confirming CDS transactions, enabling timely trade execution and facilitating Straight Through Processing (STP)
RED helps clients monitor their CDS portfolios through corporate actions and succession event notifications. This detailed event analysis provides a clear, concise and accurate summary of each event, and allows subscribers to efficiently manage their trade portfolio
RED provides transparency to LCDS market participants with information on loan agreements and related succession events
Key functions:
Reference data verified through proven processes
Unique alphanumeric RED codes assigned to all reference entities and reference obligations
Global support team (US, Europe and Asia) available to research reference data inquiries
Verified constituent information for all Markit indices
Legally verified reference data on the universe of European LCDS
RED data available via web interface and XML download
Fact Sheets
Markit REDMarkit RED
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