Thomson Reuters Expands Verified Entity Data Service to Cover AnaCredit
New module provides researched legal entity data for AnaCredit counterparty data compliance.
AnaCredit requires eurozone lending institutions to submit up to 98 data points on corporate debtors on a loan-by-loan basis where the debt exceeds €25,000 ($29,000), though some eurozone countries have opted for lower rates—including Portugal, where debt reporting starts at €1. Denmark and Sweden have also agreed to participate in the new reporting scheme.
The AnaCredit solution is an extension of Thomson Reuters’ Verified Entity Data as a Service, which provides data on 3.1 million legal
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