The Depository Trust & Clearing Corp.’s decision to adopt the coding structure used by UK credit pricing provider Markit for matching credit default swaps and index products is prompting the vendor to focus on buy-side clients.
The new codes comprise nine digits and use the same formula as Markit’s RED database of reference entity information. RED takes the six-digit CLIP code and adds three more digits to uniquely identify the specific reference obligation.
Use of the DTCC codes becomes mand
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails