Definition: Reference data describes the counterparty and security identifiers needed to make a trade and settle the transaction.
Example: For basic stock sales, reference data may be very straightforward, such as the security identifier (ISIN), the identities of the buyer, seller, and broker, and the price. For highly complex transactions, reference data may include additional elements covering various entities, dependencies, and contingencies.
Explore IVP Middle Office Services:
IVP’s Middle Office Services offer a fully scalable and customizable service that allows all kinds of asset managers to significantly improve operational efficiency and transparency. By outsourcing critical middle office processes, firms can manage reference data more easily. Our comprehensive suite of middle office services encompasses everything from trade lifecycle management and corporate actions processing to asset lifecycle management.
