Credit Derivatives Dealers Team Up

REFERENCE DATA

NEW YORK--Goldman Sachs, Deutsche Bank and JP Morgan Chase have launched a credit derivatives market data scrubbing and sharing project meant to head off disputes among market participants over the terms of their contracts.

Goldman has been in discussions with JP Morgan and Deutsche for several months. The firms were expected to sign a formal licensing agreement late last week.

The Reference Data Scrubbing Project will establish the ongoing legal existence of the reference entities (REs, the

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