Critical Data for the Secondary Market
The timeliness of newly issued corporate bond data is critical for the identification, valuation, trading, and settlement in the secondary market. How is your firm incorporating reference data for newly issued bonds into its workflow? Are information delays for newly issued, fixed income securities causing information asymmetry?
DTCC’s Corporate Fixed Income Premium Intraday Reference Data service helps reduce front and back-office friction by providing security reference data needed to process trades on newly issued bonds. DTCC, as the central securities depository for the U.S., is the keystone connecting corporate issuers to their investors and intermediaries. This Premium service provides current, comprehensive, and reliable information for the entire population of corporate fixed income securities eligible for servicing at DTCC subsidiaries Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC).
Use DTCC Corporate Fixed Income Premium Intraday Reference Data to enrich your firms’ securities master data, help inform trade decisions, settle trades on time, and meet critical data quality requirements throughout the security life cycle, to provide reference data transparency across fixed income securities. Request a Sample Data File here.
How DTCC Corporate Fixed Income Premium Intraday Reference Data Works
Improved reference data, when a newly issued corporate bond begins trading, can help promote market efficiency, fair competition, and enable broader participation by all market participants, thereby promoting improved secondary market liquidity and lower costs when secondary trading begins.
DTCC’s Corporate Fixed Income Reference Date service contains the data DTCC utilizes, through its DTC and NSCC subsidiaries, to provide custody and service assets, clear trades and settle obligations. As new securities are brought to market, underwriters, agents, issuers, and exchanges send detailed securities information to DTC. Once “DTC Underwriting” verifies an issue’s eligibility for DTC servicing, newly eligible security data is added to the DTCC Corporate Fixed Income Reference Data service.
As part of the Premium offering, once a security hits NSCC for clearing and settlement, even if it is not yet DTC Eligible, it will now be included in the file with a “DTC Eligible” indicator so clients can choose how to process these securities. Information on securities that are not yet “DTC Eligible” is considered preliminary and details may be available days or weeks before becoming DTC Eligible.
Learn more about how DTCC’s Corporate Fixed Income Reference Service works.
DTCC Corporate Fixed Income Premium Intraday Reference Data - Symmetry delivered.
DTCC’s Corporate Fixed Income Premium Intraday Reference Data daily master file includes the total population of corporate fixed income securities eligible at DTC or NSCC. Any new eligible securities are updated and provided throughout the day.
Your Benefits
This service enhances security master data for eligible corporate fixed income securities with an expansive list of data elements and delivers information symmetry for corporate fixed income securities.
