Markit announces new RED licences for the buy side

According to Markit under the terms of the new licence, asset managers with modest credit default swap (CDS) trading volumes who use the DTCC's Deriv/SERV platform for trade confirmations, will be able to access market 'best practices' in CDS trade processing. Markit RED is the standard for reference entity and reference obligation identifiers used throughout the CDS market to reduce legal and operational risk in trading, documentation and trade settlement.

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