Markit to Launch Doc Exchange Tool

LONDON - Credit information provider Markit is setting up a document exchange facility to help firms comply with know your customer (KYC) regulation and reduce costs and time involved in on-boarding clients, officials tell Inside Reference Data.

The new product is a web-based, secure repository, where buy-side firms can upload KYC reporting, such as articles of incorporation, lists of directors and shareholders, investment management agreements and monthly credit reports, and grant permission to

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