{"id":37633,"date":"2016-11-25T11:11:57","date_gmt":"2016-11-25T05:41:57","guid":{"rendered":"https:\/\/staging-imarticus.kinsta.cloud\/?p=37633"},"modified":"2021-07-21T11:45:31","modified_gmt":"2021-07-21T11:45:31","slug":"introduction-reference-data-management","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/introduction-reference-data-management\/","title":{"rendered":"Introduction to Reference Data Management"},"content":{"rendered":"

What is Reference Data Management?<\/strong>
\nReference data management is a process that drives efficiency across the market by maintaining high data quality standards.<\/p>\n

What does reference data management provide?<\/strong>
\n<\/strong>It provides full terms and conditions data, including ratings and descriptive content, for each asset type.
\nReference data maintains extensive market-level and issue-level industry standard numbering codes. These are associated with each equity instrument including official clearing code identifiers (SEDOL, CUSIP, ISIN, CINs, Local Exchange codes MIC).<\/p>\n

Type of Reference Data:<\/strong>
\nReference data includes static and dynamic.
\nStatic Reference data \u2013 Data elements that have unalterable characteristics.<\/p>\n

E.g.:<\/strong>
\n\u2022 Financial products specifications and expiration dates
\n\u2022 Information about counterparties and supply chain partners.
\nDynamic reference data \u2013 Variable data such as closing and historical prices.<\/p>\n

Why is reference data management required?<\/strong><\/p>\n

The market data for a particular instrument includes:<\/strong>
\n\u2022 An identifier of the instrument and
\n\u2022 Where it was traded \u2013 such as the ticker symbol and exchange code
\n\u2022 The latest bid and ask price and the time of the last trade
\n\u2022 Volume Traded
\n\u2022 Bid and offer sizes
\n\u2022 Static data about the financial instrument from a variety of sources.<\/p>\n

Hence, they require Reference data management.<\/strong><\/p>\n

Reference data is utilized across the front, middle, and back-office systems of an investment bank. It helps banks and financial institutions reduce exposure to counterparty credit risk. It also manages capital and liquidity. All this is achieved by leveraging an Intelligent Data Platform.<\/p>\n

What are the advantages of a reference data platform?
\n<\/strong>
\n<\/strong>\u2022 Manage and deliver reliable reference data across the system and existing reference centers.
\n\u2022 Create a single source of the truth through onboarding the new entity identifier and cross-reference it with existing entity information and identifiers.
\n\u2022 Streamline hierarchy structures.
\n\u2022 Deliver and syndicate data to any system in any format, latency, or structure.<\/p>\n

We at\u00a0Imarticus Learning<\/a>\u00a0constantly update our course curriculum to enable you to build a firm foundation for sound\u00a0careers in banking<\/a> by contributing to resolving the challenges faced by the investment banking industry.<\/p>\n

Reference data management is one of the top challenges faced by investment banks in 2016 and also a crucial part of our syllabus. This not only enables you to grab a coveted job but also keeps those already a part of the industry updated with the recent trends.<\/p>\n","protected":false},"excerpt":{"rendered":"

What is Reference Data Management? Reference data management is a process that drives efficiency across the market by maintaining high data quality standards. What does reference data management provide? It provides full terms and conditions data, including ratings and descriptive content, for each asset type. Reference data maintains extensive market-level and issue-level industry standard numbering […]<\/p>\n","protected":false},"author":1,"featured_media":244845,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_mo_disable_npp":"","_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[535,540,610],"class_list":["post-37633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-banking","tag-retail-banking","tag-corporate-banking"],"acf":[],"aioseo_notices":[],"modified_by":"Imarticus Learning","_links":{"self":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/37633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/comments?post=37633"}],"version-history":[{"count":0,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/37633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media\/244845"}],"wp:attachment":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media?parent=37633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/categories?post=37633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/tags?post=37633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}