4. Thomson Reuters Pricing & Reference Data 4
Thomson Reuters Pricing Service
Transparent. Independent. Accurate.
Pricing information you can count on.
NEW ISSUE
MARKET
MARKET
TRANSACTIONS
BROKER QUOTES
BENCHMARKS
INTEREST
RATES
EVALUATED
PRICE
EVALUATORS
AND EXPERTS
METHODOLOGIES
CASHFLOW
ANALYSIS
FORMULAS &
ANALYTICS
REFERENCE
DATA / T&C
PRICING
MODELS
MARKET
COLOR
NEWS
INDEPENDENT, TRANSPARENT AND ACCURATE EVALUATIONS
Thomson Reuters Pricing Service (TRPS) is an independent, global evaluated pricing source covering over 2.5 million fixed
income securities, derivatives and bank loans. Coverage spans all major financial markets and prices are available at multiple
times daily. TRPS evaluations, which provide detailed transparency and market insight, are designed to support asset managers,
custodian banks, mutual fund administrators and risk managers.
WHY THOMSON REUTERS?
Reliable and consistent – Our evaluated prices offer proven
reliability and consistency even in volatile markets.
Independent – We are a completely independent third party
pricing provider with no conflicts of interest since we do not
originate, issue, trade, buy, sell or position these instruments.
Expert team – Our evaluated pricing service is delivered by a
team of more than 100 experts located around the globe, who are
in constant contact with market participants.
EXTENSIVE GLOBAL COVERAGE
• TRPS provides evaluated pricing for all asset classes across all
global markets.
asset class COVERAGE
• Global Government and Corporate bonds including Sovereign
debt, investment grade and high yield bonds, convertible securities
and money market instruments
• US Municipal bonds
• Mortgage backed securities including fixed and floating
rate instruments
• Structured Finance instruments including asset backed securities
(ABS), collateralized mortgage obligations (CMO), residential
mortgage backed securities (RMBS), commercial mortgage backed
securities (CMBS), collateralized loan obligations (CLO) and
collateralized debt obligations (CDO)
• Interest rate, Credit, Commodity and Equity derivatives and
Structured Notes
• Bank Loans
FULL SCALE PRICING SERVICE
• Battle-tested Terms and Conditions support our evaluations every day
• Market color is actively monitored throughout the day and applied
as appropriate to our evaluations
• Strict validation processes are in place to monitor tolerance breaks,
unchanged prices, broker quote consistency and data integrity
• In-house and external pricing models are constantly tested to
handle large volumes and extreme market conditions
• Up-to-date market standards and procedures, coupled with our
SSAE 16 certifications, offer clients trust globally
Leading Evaluators
With 150+ evaluators across the world, Thomson Reuters brings
clients global coverage with local knowledge.
Our professional and experienced evaluators apply consistent and
transparent pricing methodologies, reflecting regulatory and
accounting standards.
DELIVERY
• Evaluations are delivered multiple times per day including standard
market snapshot times
• Extraction flexibility is available through Thomson Reuters
DataScope Select and Thomson Reuters DataScope Onsite
• Evaluated pricing delivery is available within 45 minutes of the
standard market close in all regions
TRANSPARENCY
• Transparency is offered for all evaluations and includes price recipes,
corresponding market color and other relevant data. Commentary is
available for issues that break tolerance thresholds
• Direct access to an evaluator for price challenges is always
available and allows clients to access additional color, clarification
and validation. All challenges are addressed prior to the next day’s
pricing cycle
5. Thomson Reuters Pricing & Reference Data 5
Extensive Global Content for all Major Asset Classes
Asset Class Coverage EXAMPLES Methodology
Global: Asia-Pacific, EMEA, Americas
Investment Grade All Australasian, EMEA and American markets Evaluated on nominal spread, discount margin or OAS basis depending on how
the market trades a security or sector
High Yield Major issues priced. Other Markets covered on
customer request
Individually evaluated, mostly on a price basis using the lead underwriter as
primary source of information
Emerging markets Benchmark issues priced. Others priced on
customer request
Evaluated on spread or price basis
Money markets T-Bills, Commercial Paper, CDs Evaluated on spread or discount rate basis
Syndicated Loans Syndicated bank loans LSTA pricing methodology – average of bids and offers from the broker/dealer
community
Derivatives CDS (Credit Default Swaps), IRS (Interest Rate
Swaps), TRS (Total Return Swaps), OTC Equity
options and warrants, Bond Futures, Currency
options, Swaps, Forwards, Caps and Floors,
Swaptions, Structured products, Equity Derivatives
Extensive library of analytics and market data
Asset Backed
Securities, Commercial
MBS
ABS, RMBS, CMBS Individually evaluated using historical and projected prepayment speeds and
loss scenarios. Methodologies implemented using spreads obtained from
market participants, trade prices and dealer quotes
Convertible Bonds Convertible Bonds and Convertible
Preferred Stocks
Thomson Reuters internal convertible pricing model uses dealer quotes and a
delta model incorporating a real time equity feed
Collateralized Debt
Obligation
ABS, CRE and TruPS Fair market value approach using cash flows that incorporate market
observed prepayment speeds and loss rates and yields observed from trades
prices and dealer quotes
Collateralized Loan
Obligation
Covering both broadly syndicated and middle
market structures, across the whole capital
structure (AAA-EQ)
Fair market value approach using cash flows that incorporate market
observed prepayment speeds and loss rates and yields observed from trades
prices and dealer quotes
Americas
Treasuries Bills, Notes, Bonds, STRIPS Thomson Reuters receives daily valuations on bills, notes, bonds and STRIPS
from multiple contributors
Agencies Discount Notes, Bonds, Medium Term Notes Agencies individually evaluated on an OAS basis or nominal spread for non-
callable issues
Fixed-Rate Mortgage
Pools
GNMA, FNMA, FHLMC: TBA, Fixed Rate, Balloon
and Graduated Payment
All seasoned pools are priced off MBS TBA prices. TBA prices are obtained
from market makers and live trading systems. Seasoned quotes are obtained
from dealer community and trade prices
Adjustable-Rate
Mortgage Pools
GNMA, FNMA, FHLMC: COFI, CMT, LIBOR, MTA Individually evaluated on an BEEM (Bond Equivalent Effective Margin) basis
Hybrid – Adjustable
Rate Mortgage Pools
GNMA, FNMA, FHLMC: 3-1, 5-1,7-1, 10-1 Priced by Z spread to balloon date
Agency CMO GNMA, FNMA, FHLMC: Fixed Rate, IO/PO
(Interest Only/Principal Only) Simple and Complex
Floaters and Inverse Floaters
Individually evaluated using OAS and nominal spread. OAS valuations
use the Andrew Davidson prepayment model and Thomson Reuters OAS
calculator. Cashflows are calculated internally
Non Agency RMBS,
Commercial MBS
Multiple Issuers: Prime, Alt A, Subprime; CMBS Individually evaluated using historical and projected prepayment speeds and
loss scenarios. Methodologies implemented using spreads obtained from
market participants, trade prices and dealer quotes
Consumer ABS Auto and Boat loans, Credit Card, Recreational
Vehicle loans
Individually evaluated on a nominal spread basis. Spreads obtained from trade
prices and dealer quotes
Municipals All municipal investment grade and high yield
debt, including general obligation, revenue and
assessment bonds, distressed and defaulted debt,
taxable municipals, and short term markets
All investment grade as well as certain non-rated categories are priced with a
credit curve driven attribute model. High yield, distressed and defaulted debt
are hand priced. In all cases sell side, buy side, underwriting and inter-dealer
broker trading desks provide primary information and market color
Canadian Mortgage-
Backed Securities
Price valuations and analytics for over 10,000
instruments including all fixed rate and floating
prefixes
Fair market value approach using cash flows generated from historical
prepayment speeds and loss rates and spreads observed from dealer quotes
THOMSON REUTERS pricing service
6. Thomson Reuters Pricing & Reference Data 6
A comprehensive solution to help you
manage risk and make informed decisions
on your CDO investments.
The Thomson Reuters Pricing Service (TRPS) gives you direct access to independent evaluations of
Collateral Debt Obligations (CDOs). Our platform allows for direct access to mark-to-market scenarios on
all underlying structured products. Furthermore, TRPS’s RMBS, CMBS, and ABS Desks allow evaluators to
readily access end of day pricing on all underlying securities to determine tranche Net Asset Value (NAV).
Providing you with an impartial basis for risk management and any other decisions involving your
CDO, Thomson Reuters brings to bear a wide range of data, tools, and strategic partnerships unique
to the marketplace.
Thomson Reuters Pricing Service
COLLATERALIZED DEBT OBLIGATIONS
THROUGH PROCESS ENSURE ACCURATE
END OF DAY PRICES
Each CDO is individually priced by incorporating the
following information, techniques, and resources:
• Independent evaluations based on a granular,
asset-level analysis of the CDO
• End of day prices on all three major CDO types –
ABS, CRE and TruPS
• Analysis and insights of our expert evaluators, all of
whom perform structural analysis, and who leverage
relationships with key market participants
• The Moody’s CDONet Analytics library,
which provides deal waterfalls and asset-level
performance data
• Risk mitigation integrated into your strategy –
we automate the process to address reporting
and fund board requirements
MITIGATE RISK WITH VALUATIONS YOU
CAN TRUST
• We employ rigorous quality control checks multiple
times a day to ensure pricing accuracy
• All securities are reviewed daily for price based
tolerance, recipe changes and price changes above a
certain level or beyond a certain period of time
• Nothing is missed – Alerts are generated for data
that is missing and/or not received in a timely
manner, and data specialists immediately research
any data-related issues
Expertise and data quality
The combination of our expert evaluators, quality of data,
and powerful analytics – gives you unique insights. This,
combined with rigorous processes, ensures you have
the confidence you need in the quality and
independence of the end-of-day prices you receive.
Thomson Reuters Pricing Service
by the numbers
• Quality: Fixed income accuracy, 99.09%, price
challenge turnaround, 99.15%. Deliver prices T+0
• The Fixed Income team is composed of more than a
hundred fixed income professionals, each a specialist
in a specific sector.
• Global reach with close to 5,000 data professionals,
• Six major centers and 30+ locations.
REUTERS/LucasJackson
7. Thomson Reuters Pricing & Reference Data 7
GLOBAL COVERAGE FROM THOMSON REUTERS PRICING SERVICE
In addition to CDOs, the Thomson Reuters Pricing Service provides independent valuations for a wide range of asset classes around the globe.
Professional, experienced evaluators apply consistent and transparent pricing methodologies that reflect regulatory and accounting standards.
Asset Class Coverage Methodology
Global: Asia-Pacific, EMEA, Americas
Investment Grade All Australasian, EMEA and American markets Evaluated on nominal spread, discount margin or OAS basis depending
on how the market trades a security or sector
High Yield Major issues priced. Other Markets covered on
customer request
Individually evaluated, mostly on a price basis using the lead
underwriter as primary source of information
Emerging markets Benchmark issues priced. Others priced on
customer request
Evaluated on spread or price basis
Money markets T-Bills, Commercial Paper, CDs Evaluated on spread or discount rate basis
Islamic Sukuk Priced on a dollar price basis using broker-derived data
Syndicated Loans Syndicated bank loans LSTA pricing methodology – average of bids and offers from the
broker/dealer community
Derivatives CDS (Credit Default Swaps), IRS (Interest Rate Swaps),
TRS (Total Return Swaps), OTC Equity options and
warrants, Bond Futures, Currency options, Swaps,
Forwards, Caps and Floors, Swaptions, Structured
products, Equity Derivatives
Extensive library of analytics and market data
Asset Backed Securities,
Commercial MBS
ABS, RMBS, CMBS Individually evaluated using historical and projected prepayment
speeds and loss scenarios. Methodologies implemented using spreads
obtained from market participants, trade prices and dealer quotes
Convertible Bonds Convertible Bonds and Convertible
Preferred Stocks
Thomson Reuters internal convertible pricing model uses dealer
quotes and a delta model incorporating a real time equity feed
Americas
Treasuries Bills, Notes, Bonds, STRIPS Thomson Reuters receives daily valuations on bills, notes, bonds and
STRIPS from multiple contributors
Agencies Discount Notes, Bonds, Medium Term Notes Agencies individually evaluated on an OAS basis or nominal spread
for non-callable issues
Fixed-Rate Mortgage
Pools
GNMA, FNMA, FHLMC: TBA, Fixed Rate, Balloon and
Graduated Payment
All seasoned pools are priced off MBS TBA prices. TBA prices are
obtained from market makers and live trading systems. Seasoned
quotes are obtained from dealer community and trade prices
Adjustable-Rate Mortgage
Pools
GNMA, FNMA, FHLMC: COFI, CMT, LIBOR, MTA Individually evaluated on an BEEM (Bond Equivalent Effective
Margin) basis
Hybrid – Adjustable Rate
Mortgage Pools
GNMA, FNMA, FHLMC: 3-1, 5-1,7-1, 10-1 Priced by Z spread to balloon date
Agency CMO GNMA, FNMA, FHLMC: Fixed Rate, IO/PO (Interest
Only/Principal Only) Simple and Complex Floaters and
Inverse Floaters
Individually evaluated using OAS and nominal spread. OAS
valuations use the Andrew Davidson prepayment model and
Thomson Reuters OAS calculator. Cashflows are calculated internally
Non Agency RMBS,
Commercial MBS
Multiple Issuers: Prime, Alt A, Subprime; CMBS Individually evaluated using historical and projected prepayment
speeds and loss scenarios. Methodologies implemented using spreads
obtained from market participants, trade prices and dealer quotes
Consumer ABS Auto and Boat loans, Credit Card, Recreational
Vehicle loans
Individually evaluated on a nominal spread basis. Spreads obtained
from trade prices and dealer quotes
Municipals All municipal investment grade and high yield debt,
including general obligation, revenue and assessment
bonds, distressed and defaulted debt, taxable
municipals, and short term markets
All investment grade as well as certain non-rated categories are
priced with a credit curve driven attribute model. High yield, distressed
and defaulted debt are hand priced. In all cases sell side, buy side,
underwriting and inter-dealer broker trading desks provide primary
information and market color
THOMSON REUTERS PRICING SERVICE COLLATERALIZED DEBT OBLIGATIONS
8. Thomson Reuters Pricing & Reference Data 8
Transparent, independent and accurate
evaluated pricing.
Thomson Reuters Pricing Service offers independent, accurate and timely pricing of derivatives. The service covers all derivative
asset classes from plain vanilla to highly structured and exotic instruments. Thomson Reuters unique access to contributed,
broker and exchange data provides rich market information including the most up to date evaluations. Prices are delivered
throughout the day or at market closing times around the world per client or regulatory requirements. The derivatives and
structured notes evaluation service is available through Thomson Reuters DataScope Select.
Thomson Reuters Pricing Service
Derivatives Evaluation
REUTERS/LucasJackson
Functionality & Features
Complete Coverage
Thomson Reuters provides complete coverage on all plain vanilla
instruments and exotic classes. Our depth and breadth of data,
combined with comprehensive financial libraries, give Thomson Reuters
the ability to evaluate asset classes. Thomson Reuters covers swaps
and options including interest rate, credit default, commodity and
currency, as well as exotic instruments such as structured and credit
linked notes.
Transparency you can count on
All pricing inputs such as interest rates, credit spreads, and volatilities
are available as output fields within DataScope Select. Customers
have access to the evaluation team and can speak directly with them
regarding methodologies and individual evaluations. All price
challenges and queries will be answered within 24 hours.
Easy to use
Instruments can be uploaded through DataScope Select user
interface, standard data templates, or through customized solutions.
Output files can be customized by user for specific data fields and
formats. Thomson Reuters support staff can assist all the way
through the pricing workflow.
Fast turnaround time
All plain vanilla instruments can be added to the client portfolio and
priced on a same day basis. Complex and structured instruments can
take up to an average of 24 hours.
In-house financial engineering group
Thomson Reuters Financial Engineers will model all complex
transactions, map to appropriate market data, and test results.
9. Thomson Reuters Pricing & Reference Data 9
THOMSON REUTERS PRICING SERVICE DERIVATIVE EVALUATIONS
The sample below shows the main asset classes we cover. For the full list of assets, please contact us.
Asset Class Coverage Methodology/inputs
plain vanilla
Interest Rate Interest Rate Swaps,Bond Forwards, Bond
Options, Swaptions, Caps & Floors
Proprietary zero coupon swap curves derived from network of contributed
market rates.
Broker quoted implied volatilities from interest rate option markets.
Credit Bond CDS
Loan CDS
Index CDS
Credit spreads obtained from multiple broker/dealers and monitored by
evaluation team.
Currency Options
Spots
Forward
Spot rates, forwards rates, and volatilities are obtained from contributing
broker dealer network.
Equity Options Spot and historical prices directly from exchanges.
Implied volatilities from listed options across all tenors and strike prices.
Commodity Options
Forwards
Calendar Swaps
Spot and historical prices directly from exchanges.
EXOTIC
Interest Rate Range Accruals
Spread Notes
Hybrid Notes
Proprietary zero coupon swap curves derived from network of contributed
market rates.
Inflation Inflations Swaps
Inflation Linked Notes
Broker quoted implied volatilities from interest rate option markets.
Internal and external interest rate simulation models.
Credit Bond Total Return Swaps
Loan Total Return Swaps
Credit Linked Notes
Underlying cash prices obtained from Thomson Reuters Pricing service.
Currency Swaps
Baskets
Spot rates, forwards rates, and volatilities are obtained from contributing
broker dealer network.
Equity Total Return Swaps
Barrier Options
Asian Options
Binary Options
Equity Linked Notes
Spot and historical prices directly from exchanges.
Implied volatilities from listed options across all tenors and strike prices.
Commodity Total Return Swaps
Commodity Linked Notes
Spot and historical prices directly from exchanges.
Extensive global market data
The Thomson Reuters data network includes transmissions of
all exchanges, contributed broker/dealer data, and actual live
trading markets.
• Thomson Reuters swap rates are used globally and represent
standard rates for market participants
• Thomson Reuters Dealing is the market leading, peer-to-peer
trading application with a community of approximately 19,000
users in 120 countries. It is the largest, most established FX and
money market community in the world
• Over 2,500 credit curves are obtained from the dealer
community and are closely monitored by our fixed income
evaluation team
Consistent, accurate evaluations
Thomson Reuters incorporates stringent quality control
procedures to ensure accurate evaluations. Evaluators monitor
market data feeds, test pricing models, and view all final prices
prior to delivery.
Access to evaluation staff
Thomson Reuters experienced evaluation staff are available to
answer all methodology and coverage questions. With staff in
Tokyo, London and New York, we are able to respond quickly to all
queries and price challenges. Staff members are knowledgeable
in all derivative asset classes and specific client deliveries.
Advantages
With Thomson Reuters DataScope Derivatives Pricing Service you have access to our extensive pricing and
reference data offering so you can get the market data you need from a single source.
10. Thomson Reuters Pricing & Reference Data 10
Thomson Reuters Loan Pricing
Price loans with confidence
Better pricing data. Better loan deals.
For over 20 years, Thomson Reuters Loan Pricing has worked with every leading loan dealer in the world’s secondary markets.
Whether you’re on the buy side or sell side, we give you access to timely, independent composite prices on syndicated loans
across every major asset class, including loans, bonds, CDS, LCDS and equity.
The leading provider of
comprehensive, independent,
mark-to-market, loan pricing data
When you work with Thomson Reuters for loan pricing,
you know you are working with the market leader, long
trusted for being transparent, independent and
accurate – all of which is more important today than
ever. In short, you get a depth of data and analysis you
cannot find anywhere else.
Get end-of-day loan pricing for mark-to-market and
NAV funds. Use our prices to help power relative value
analysis between loans and bonds. You also get
valuable, exclusive data and analytics on loans, with a
database of detailed terms and conditions on more
than 200,000 loans and bond transactions.
• In-depth experience, global reach
• Comprehensive and timely cross-asset coverage
• Quotes from all major loan dealers
• Transparent and independent
• Extensive audit procedures to ensure quality prices
The offering is part of Thomson Reuters Pricing
Service (TRPS), an independent, global-evaluated
pricing source covering over 2.5 million fixed income
securities, derivatives and bank loans. Coverage spans
all major financial markets and prices are available at
multiple times daily. TRPS evaluations, which provide
detailed transparency and market insight, are
designed to support asset managers, custodian banks,
mutual fund administrators and risk managers.
Content at a Glance
Thomson Reuters Global Mark-to-Market Pricing
Comprehensive global market coverage of our
independent, unbiased and confidential pricing.
Hundreds of clients receive daily pricing on the liquid
secondary loan tranches along with terms and
conditions for more than 200,000 loan facilities.
LSTA/Thomson Reuters Mark-to-Market Pricing
End-of-day composite pricing for loans to US issuers,
in association with the Loan Syndications and Trading
Association. We have been providing secondary
market prices in the US since 1998.
Thomson Reuters EMEA Mark-to-Market Pricing
This pricing service brings much-needed transparency
to the European loan investor community. Backed by
over 20 major dealers, we provide loan investors and
portfolio managers with daily valuations for over
2,000 leveraged and investment-grade loans
originated in EMEA.
REUTERS/LukeMacGregor
11. Thomson Reuters Pricing & Reference Data 11
Top Global Coverage
Market Asia EMEA Latin America North America
Active Only 20,107 16,596 1,421 18,182
Matured Loans 55,244 36,357 4,560 120,996
Total 75,351 52,953 5,981 139,178
Global Reach
Clients globally subscribe to our Thomson Reuters LPC Pricing Service on the liquid secondary loan tranches
along with terms and conditions for more than 273,463 facilities.
Data Delivered the Way You Want It
Thomson Reuters Hosted DataScope Select
Thomson Reuters DataScope Select is the strategic data delivery platform for non-streaming cross-asset content
globally, which can be deployed almost instantaneously. The platform can be integrated by financial firms through
three interfaces including browser-based, FTP or a Web service API.
Thomson Reuters DataScope Onsite
A Thomson Reuters managed system is deployed to the customer site – this box and leased line setup is typically
installed outside clients’ internal firewalls (in a DMZ) and holds a Sybase Database, which is updated automatically
from Thomson Reuters data. Clients have SQL access to the content in the DataScope Onsite Product.
Loans Coverage
Active Loans 56,306
Inactive Loans 217,157
Total Loans (Live/Matured) 273,463
Priced Loans on Secondary Market 13,500 Daily Broker/Dealer Quotes
5,000 Unique Tranche Prices
2 Names for Each Composite
Terms and Conditions • Deal Level Info
• Base Rate + Margin
• S&P, Moody’s, and Fitch Borrower and Bank Loan
thomson Reuters loan pricing
13. Thomson Reuters Pricing & Reference Data 13
Know more about the companies you invest in.
Depth and Breadth of Coverage
Thomson Reuters Entity Risk offers depth of coverage –
from information about the issuers themselves to other
critical wholesale market participants and equity and
fixed income instruments associated with them. With a
universe of over 1 million entities across 250 markets
and complete cross asset integration, the platform
gives you clear visibility into the organisational
structures of parent entities, their subsidiaries, joint
ventures and affiliates in a hierarchical view.
Transparent and user friendly from
sources you can trust
An audit trail links to auditable sources including
exchanges, company registrars, 10K filings, regulators,
annual reports and prospectuses. It is presented in a
concise, manageable and user-friendly format. Audit
trail support enables you to view exactly how entity
data was sourced.
DELIVERING OPERATIONAL EFFICIENCY
The Thomson Reuters Entity Risk team manages the
process of collecting, cleansing, cross-referencing,
and storing the information required for today’s
demanding environments; eliminating the need for
financial firms to manage this time-consuming,
costly, and error-prone work.
“Produced by a truly global team of
hundreds of market analysts across the
world, in 50 languages from sources
you can trust.”
Thomson Reuters Entity Risk is the most complete and comprehensive data source available for understanding
complex corporate structures. Get a linked, 360-degree view of global legal entities and untangle the complex
dimensions of modern corporations, which may have hundreds of subsidiaries spanning multiple regions,
geographies and activities.
REUTERS/ Kieran Doherty
ABOUT
THOMSON REUTERS
FINANCIAL AND RISK
Financial and risk
management solutions
from Thomson Reuters
help investors, traders and
compliance professionals
overcome their three most
pressing challenges: to
drive profits; to connect and
collaborate via open, secure
networks; and to efficiently
manage risk and regulation.
THOMSON REUTERS ENTITY RISK
thomson Reuters financial and risk management solutions
14. Thomson Reuters Pricing & Reference Data 14
THOMSON REUTERS ENTITY RISK
ENTITY TYPES
A SINGLE SOURCE FOR COMPLETE COVERAGE
SUBTYPES
Bank Financial Exchange Investment Manager/Advisor OTC/Electronic Terminal
Bank/Financial Holding Company Financial Intermediary Investment Promotion Agency Pooled Investment
Business School Geo-Political Group Law School Regulatory Agency
Central Bank Government Owned Corporation Legal Fund REIT
Close Ended Fund Hedge Fund Manager Local Government Savings and Loan Association
College/University Hedge Fund Manager (corporate) Market Maker Securities Firm
Corporate Hedge Fund (Offshore) Medical School Special Purpose Vehicle
Credit Union Hedge Fund (Onshore) Membership Organizations State/Provincial Government
Economic Alliance Institutional Fund National Government Treasury
Economic Development Agency Insurance Company Organization Branch Treaty Organization
Elementary/Primary school Investment Company Organization Division
Instrument and Entity
Identifiers used for mapping
• RIC
• CUSIP
• SIN
• SEDOL
• ORG ID
• LEI
• D-U-N-S
• Name
• Country
UNIVERSE OF ENTITIES
Public companies: issuers of equity and debt
Relevant private companies with a focus on wholesale participants in capital markets: banks, broker/dealers, insurance companies, securities services
Public sector organizations: sovereigns, municipalities, and local governments
Funds tied to Investment Management and Fund Support Companies
types
Academic Institutions Government Non-Government Organization (NGO)
Collective Investment Government Department/Agency Supranational
Company Market Participant
ENTITY RISK FIELDS & IDENTIFIERS
ENTITY RISK DETAIL FIELDS
Audit Modified Date
Audit Source
Audit Source Reference
Audited Field Name
ID
ID Type
Legal Entity OrgID
Official Name
RCP ID
User Defined Identifier
ENTITY RISK hierarchy
Entity ID Related Entity ID
Entity is Managed Related Entity is Managed
Entity is Verified Related Entity is Verified
ID Related Official Name
ID Type Related OrgID
ID Type Related RCP ID
Immediate Parent ID Relationship Type
Immediate Parent Official Name Source RCP ID
Immediate Parent OrgID Ultimate Parent ID
Immediate Parent RCP ID Ultimate Parent Official Name
Legal Entity OrgID Ultimate Parent OrgID
Node/Level Ultimate Parent RCP ID
Official Name User Defined Identifier
RCP ID
15. Thomson Reuters Pricing & Reference Data 15
ENTITY RISK DETAIL FIELDS (ORANGE INDICATES PERMISSION REQUIRED)
Admin Status Geographic Focus Registered Country
Admin Status Is Confirmed GICS Industry Code Registered Country Description
Admin Status Reason GICS Industry Code Description Registered Fax
Administrator EntityID Has Affiliates Registered Postal/Zip Code
Administrator Official Name Has Joint Venture Registered State/County/Region
Administrator OrgID Has Subsidiary Registered Street1
Advisor EntityID Headquarters City/Town Registered Street2
Advisor Official Name Headquarters Country Registered Street3
Advisor OrgID Headquarters Country Description Registered Street4
Auditor EntityID Headquarters Fax Registered Street5
Auditor Official Name Headquarters Postal/Zip Code Registered Telephone
Auditor OrgID Headquarters State/County/Region Regulation Flag
CIK Headquarters Street1 S&P Issuer Ratings
Company/Registration Authority Headquarters Street2 Sanction/Enforcement Status Modified Date
Company/Registration Number Headquarters Street3 Sanctions Status
Country of Incorporation Headquarters Street4 SIC1
Country of Incorporation Description Headquarters Street5 SIC10
Custodian EntityID Headquarters Telephone SIC2
Custodian Official Name ID SIC3
Custodian OrgID ID Type SIC4
Date of Incorporation Immediate Parent Official Name SIC5
Derived Parent Entity ID Immediate Parent OrgID SIC6
Derived Parent Official Name Immediate Parent RCP ID SIC7
Derived Parent OrgID Immediate Parent Reuters Editorial RIC SIC8
Derived Parent RCP ID IPO Date SIC9
Derived Parent Reuters Editorial RIC Is Guarantor Sub Advisor EntityID
Derived Ultimate Parent Entity ID Is Issuer Sub Advisor Official Name
Derived Ultimate Parent Official Name Is Managed Sub Advisor OrgID
Derived Ultimate Parent OrgID Is Public Successor Official Name
Derived Ultimate Parent RCP ID Is Verified Successor OrgID
Derived Ultimate Parent Reuters Editorial RIC Jurisdiction of Incorporation Successor RCP ID
Distributor EntityID Legal Entity Detail Last Change Date Tax Authority
Distributor Official Name Legal Entity OrgID Tax File ID
Distributor OrgID Legal Entity SubType TRBC Business Sector Code
Domicile Legal Entity SubType Description TRBC Business Sector Code Description
Domicile Desciption Legal Entity Type TRBC Economic Sector Code
Enforcement Status Legal Entity Type Description TRBC Economic Sector Code Description
Entity Create Date Legal Form TRBC Industry Code
Entity ID LEI TRBC Industry Code Description
Entity Modified Date Moodys Issuer Ratings TRBC Industry Group Code
Entity URL NAICS TRBC Industry Group Code Description
Event Date Official English Name Ultimate Parent Official Name
Event Type Official Name Ultimate Parent OrgID
Event Type Description Official Transliterated Name Ultimate Parent RCP ID
FATF Jurisdiction Primary Regulator Ultimate Parent Reuters Editorial
Fitch Issuer Ratings Primary Regulator ID User Defined Identifier
Fund Lipper ID RCP ID
Fund Manager EntityID RCP Reuters Editorial RIC
Fund Manager Official Name Record Active Flag
Fund Manager OrgID Registered City/Town
THOMSON REUTERS ENTITY RISK
16. Thomson Reuters Pricing & Reference Data 16
Maintained and updated by a dedicated
global team
This product is built and maintained by a dedicated
global team of hundreds of editors, market analysts,
content specialists and Six Sigma Black Belts quality
assurance experts. The data is manually verified
using detailed market-based process rules –
guaranteeing the delivery of world-class, auditable,
and transparent content.
Flexible Delivery Options
Thomson Reuters Entity Risk is available via the
DataScope delivery platforms, which are easy to
integrate within existing workflows and offer a flexible
set of implementation options both deployed and
hosted – browser-based, FTP, or web service API.
Thomson Reuters Hosted
DataScope Select
Thomson Reuters DataScope Select is the strategic
data delivery platform for non-streaming cross-asset
content globally, which can be deployed almost
instantaneously. The platform can be integrated by
financial firms through three interfaces including
browser-based, FTP or a web service API.
Thomson Reuters DataScope Onsite
A Thomson Reuters managed system is deployed to
the customer site – this box and leased line setup is
typically installed outside clients’ internal firewalls
(in a DMZ) and holds a Sybase Database, which is
updated automatically from Thomson Reuters data.
Clients have SQL access to the content in the
DataScope Onsite product.
Thomson Reuters
Entity Risk By
the Numbers
• Over 1 million entities
• Across 250 markets
• Cross asset
integration
• Hundreds of
dedicated content
experts
• 100+ legal entity
attributes
• Auditable sources
THOMSON REUTERS ENTITY RISK
18. Thomson Reuters Pricing & Reference Data 18
With all the challenges and complexity of FATCA (Foreign Account Tax Compliance Act) withholding
beginning July 1, 2014, are you ready to identify which specific instruments are grandfathered and
exempt from withholding?
Thomson Reuters is your critical partner to help you manage this regulatory change. Our new FATCA
GO solution combines market-leading content widely used by organizations around the world. You
will have access to a full securities report identifying which securities are eligible for exemption and
which are grandfathered, providing you with a complete view and eliminating the need to create your
own development program to identify GO flags.
THOMSON REUTERS FOR FATCA
GRANDFATHERED OBLIGATIONS
YOUR CRITICAL PARTNER TO HELP MANAGE REGULATORY CHANGE
Fast Facts on FATCA
• The Foreign Account Tax
Compliance Act (FATCA)
is an effort by the U.S.
Congress to identify
U.S. persons who have
attempted to hide their
income from U.S. tax
authorities and end this
type of tax evasion.
• FATCA also imposes
a withholding tax,
when the required
documentation and/or
reporting requirements
are not met.
• Banks will need to
register as a Foreign
Financial Institution (FFI)
and report to the IRS or
become “recalcitrant.”
Thomson Reuters FATCA GO report
includes:
• Reference Data: Grandfathered Obligation &
Legal Entity Classification Security IDs
(CUSIP, ISIN)
• FDAP Flag: Y/N
• Grandfathered Flag: Y/N
• FATCA Audit Field: Shows the attributes used
for GO determination and needed for
reconciliation
• FATCA Date of Last Update: dd/mm/yyyy
Thomson Reuters FATCA GO filters over 3 million
active records to determine which securities are
grandfathered. It integrates the grandfathered
obligation status into the withholding process and
it will also introduce a service in 2014 to track
material modifications. Thomson Reuters FATCA
GO solution is powered by the Thomson Reuters
DataScope Suite. Thomson Reuters DataScope is
the strategic data delivery platform for non-
streaming content globally. It provides a full cross-
asset offering with intelligently linked data for all
Thomson Reuters DataScope content including
reference data, corporate actions, legal entity
data, end-of-day/intraday pricing and evaluated
pricing services.
IDENTIFY AND MANAGE GRANDFATHERED
OBLIGATIONS
By definition, a grandfathered obligation is one that is
outstanding on June 30, 2014. Interest and gross
proceeds from the sale or other disposition of a
grandfathered obligation are exempt from FATCA
withholding. Any material modification (which is
determined based on the relevant facts and
circumstances) to a grandfathered obligation will
cause it to lose its grandfathered status.
MORE WAYS TO OVERCOME INDUSTRY
CHALLENGES
• Identify which securities are subject to FATCA
withholding and which are exempt
• Identify grandfathered securities or contractual
obligations
• Define and monitor material modification of
grandfathered obligations
• Establish processes to monitor material
modifications
• Integrate the Grandfathered Obligation status into
the withholding process
Eligible Securities for FATCA GO
• Government/Corporate Debt
• MBS Pools (Fixed and ARMs)
• Agency CMOs (Fannie Mae, Freddie Mac, Ginnie
Mae securitizations)
• RMBS (non agency residential securitizations)
• CMBS
• Consumer ABS (autos, credit cards, student loans)
19. Thomson Reuters Pricing & Reference Data 19
THOMSON REUTERS
DATASCOPE REFERENCE DATA
GLOBAL AND COMPLETE DATA COVERAGE
Historical Time Series Pricing
Thomson Reuters has approximately 20 years of price history
available for established equity markets and 20+ years for Money
and Index data. For most emerging equity markets, data goes back
to the first day of trading. Subscribers to the DataScope History
Service receive price histories for all live and delisted securities. For
Futures markets Thomson Reuters has 10 to 15 years of history.
FLEXIBLE DELIVERY
Thomson Reuters DataScope delivers across a wide range of delivery
platforms, making it easy to integrate into your enterprise.
• Immediate access via request/retrieve to comprehensive reference
data and pricing via DataScope Select
• Intra-day and End-of-day deliveries of corporate actions
and pricing
• User-friendly customizable web interface which offers delivery
by FTP, CSV and XML with custom file layout
• ISO 15022 industry-standard corporate actions messaging
• Regional and global packages via large-volume bulk delivery
or customized, portfolio-based retrieval
Symbol Cross Reference and Entity Management
Our coverage includes many internal and external entity sources that
span 2.9 million organizations, 2.4 million instruments, and 6.2
million quotes.
FUNCTIONALITY AND FEATURES
Depth and breadth of data
Counterparty and Entity Data
Thomson Reuters Entity Risk is the most complete and
comprehensive data source available for understanding complex
corporate structures. With a universe of over 1 million entities across
250 markets and complete cross asset integration, the platform
gives you clear visibility into the organisational structures of parent
entities, their subsidiaries, joint ventures and affiliates in a
hierarchical view. Ease the burden of compliance by meeting global
regulatory obligations and mitigate your risk exposure through cross-
asset instruments and Countries of Risk integration for a linked
360-degree view of exposure.
Reference Data, Terms and Conditions
Provides full terms and conditions data, including ratings and
descriptive content, for each asset type. We maintain extensive
market-level and issue-level industry standard numbering codes
associated with each equity instrument including official clearing
code identifiers (SEDOL, CUSIP, ISIN, CINs, Wertpapier, SICC, Local
Exchange codes MIC/OPOL), Classifications such as GICS, Thomson
Reuters proprietary (Thomson Reuters Instrument Codes), Thomson
Reuters internal system-generated company level, issue level codes,
and all futures and options carry underlying Thomson Reuters
Instrument Codes for easy cross-referencing, linking and integration.
Corporate Actions
Corporate Actions data spans 93 countries, over 200 exchanges,
approximately 94,000 companies, and more than 15 years’ history
for all mature markets. Data delivery is intra-day and measured on a
four-hourly target, from source to database entry. Delivery format
includes fixed format and ISO 15022.
• 5–10 years of history for emerging markets with comprehensive
list of fields
• Same-day event coverage from announcement to completion
All data is cross-checked and delivered in customized data
sets, including:
• Reference Data with Terms and Conditions
• Corporate Actions
• Deep Analytics
• Pricing (intra-day, validated end-of-day, historical)
• Evaluated Pricing Service
Quality Assurance:
• All terms and conditions data is validated by Thomson Reuters
through an extensive Quality Assurance program
• Global reach, local knowledge with over 200 data experts
dedicated to the collection, analysis and quality control of
equity corporate actions content
• Quality control and quality assurance built into data
collection processes
• Over 100 database validations on our source databases,
checking data before it reaches our products
CORPORATE
ACTIONS
Intraday
Global Coverage
Tax Data
Historical
ISO15022
Audited Data
Corp Hierarchies
People
Document Management
Instrument-Parent Linkage
Counterparty Parent IDs
Intraday Snapshot
Validated End-of-Day
Equity Analytics Funds
Descriptive Data
Industry Classifications
Symbol/Cross Ref
Historical
Evaluated Pricing
Cash Flows
Performance Data
Models
Analytics
Evaluated Pricing
End-of-Day
REFERENCE
DATA
HISTORICAL
PRICING
LISTED
MARKETS
PRICING
LEGAL
ENTITY
DATASCOPE
SELECT
VALUATION
PRICING
SERVICES
20. Thomson Reuters Pricing & Reference Data 20
THOMSON REUTERS DataScope REFERENCE DATA
Global Fixed Income Coverage
Governments and Corporates
Mortgages
CMOS / ABS / CMBS
Municipals
Loans
Treasuries
Agencies
Investment Grade Corporates
High Yield Corporates
Convertibles / Aggregates
Generics
TBAS
ARMS
Project Loans
Pools Agencies CMOS
Asset Back Securities
CMBS Tranches
Whole Loans
Student Loans
SBAs Active / Inactive Maturities
SBAs Active / Inactive Loans
Supranationals
Certificate of Deposits
Commercial Paper
Eurobonds
Collateralized Debt Obligations
Collateralized Loan Obligations
OTC Derivatives (SUBSET)
Interest Rate
– IRS
– Swaptions
– Caps and floors
– Total Return Swaps
Credit
– Bond CDS
– Index CDS
– Loan CDS
Equity
– Options
– Total Return Swaps
– Dividend Swaps
Commodity Swaps
Currency
– Options
– Forwards
Thomson Reuters delivers the most comprehensive market and reference data
to the global financial and investment management community
Comprehensive Corporate Actions Event Coverage
• Shares On Issue – Multiple types including Outstanding, Issued, Listed, Free Float,
Closely Held, Authorized Earnings
• Year to date and interim results. As reported and annualized figures
• Dividends – Cash distributions, including special and extraordinary stock dividends
as well as dividends with stock options annual, semi-annual, quarterly and monthly
• Comprehensive tax details including Withholding, QDI, Franked and Foreign
investor tax rates
• Capital Changes – Stock distributions including Rights Issues, Bonus Issues, Splits,
Demergers and other capital restructures
• Cash events including Return of Capital, Share Buybacks IPO s and Follow
On Offerings
• Equity issuance events, including IPOs, Direct Public Offerings, Placings,
Rights Issues, Private Investment in Public Equity Mergers and Acquisitions
Fixed Income
• Access to over 5.6 million active and retired securities
• Evaluated pricing for over 2.5 million securities, including: 175,000 Global
Corporate and Sovereign, 1.1 million US Mortgage Backed Securities, 95,000
Global Asset Backed Securities, and 1.2 million US Municipal Bonds
• Terms and conditions for over 1.3 million US taxable fixed income securities,
200,000 loan facilities, 2.3 million US municipal securities (1.2m live), non agency
CMO’s, Asset Backed securities and 450,000 international bonds spanning all
asset subtypes
• Mark-to-Market pricing for US syndicated loans, in association with The Loan
Syndications and Trade Association, and European syndicated loans
• Global premium evaluated pricing from the Thomson Reuters Pricing Service
together with Thomson Reuters Composite Pricing
• Global broker/dealer contributions from over 600 contributors and exchange
pricing from over 70 exchanges
• 60 global government yield curves with histories dating back to 1993
• Over 175 proprietary analytics providing a full view on each fixed-income instrument
daily – including duration, convexity, OAS analytics and yield calculations
• Global ratings data from over 20 top agencies including S&P, Moody’s, Fitch, ICMA
and Dominion Bond Ratings Service, and key regional agencies in Asia
such as JCR
Equities
• Global terms and conditions
• Minimum 20 years pricing
history for G7 countries
• Global equities coverage
including Equities (stocks,
ADRs, GDRs), Warrants
(equity, index, basket),
Funds (exchange-listed,
ETF, NAV), Indices, Options,
Options on Futures,
Futures, Money and FX
(forwards and swaps)
More than 3.2m securities
worldwide (see chart at right).
0
200K
400K
600K
800K
1M
300K
745K
28K
87K
880K 865K
250K
57K
Equities
W
arrants
Indices
Funds
Options
Options on
Futures
Futures
M
oney
22. Thomson Reuters Pricing & Reference Data 22
Thomson Reuters DATASCOPE
FOR CORPORATE ACTIONS
EFFECTIVELY MANAGE YOUR OPERATIONAL RISK
MITIGATE YOUR RISK EXPOSURE – PROMPT AND ACCURATE
DATA DELIVERY
Thomson Reuters captures events as soon as they are announced in
the market, delivering you the news and data you need to act quickly
and confidently.
• Know first - we deliver vital corporate actions information to you
faster; 90 minutes from announcement to your desktop
• Rely on rich content - dedicated teams with local market and
language expertise collect, analyze and verify data, using multiple
sources to create one record
• Achieve consistency – our tagging system ensures you have a
consistent, linked view of securities and how they roll up to their
legal entities
• Minimize errors - manual and automated quality control and
assurance are built into the data collection process , verifying data
on an event by event basis
With the ever changing dynamic of the financial markets,
accessing reliable information quickly and efficiently is crucial.
The corporate actions market is complex and information
has nuances that call for expertise. Whether you are focused
on pre-trade or post-trade activities, Thomson Reuters
DataScope for Corporate Actions offers a complete solution to
support multiple processing activities across your enterprise.
MANAGE YOUR DATA EFFICIENTLY – ONE SOURCE FOR ALL
YOUR CORPORATE ACTION NEEDS
Serve the needs of your whole enterprise through one product.
Thomson Reuters content covers ISO, non-ISO events and extensive
historical corporate actions data.
• Support activities across your business – comprehensive content
including Shares on issue, Earnings, Dividends, Capital changes,
IPOs, Follow on offerings and Mergers & Acquisitions
• Talk to our experts - our global team of corporate actions experts
are available 24/7 via telephone, email or chat
• Go beyond corporate actions – access our full service including
Evaluated Pricing, Security Cross Reference and Legal Entity, all
linked and delivered via Thomson Reuters Datascope
DELIVERED IN THE WAY YOU NEED IT - FLEXIBLE OPTIONS
AND PACKAGES
Integrate the data you need in a way that works for your business.
Thomson Reuters Datascope for Corporate Actions offers a variety of
packages and delivery platforms.
• Easily integrate or extract the data you need – deploy information
almost instantaneously through a choice of customizable web
interfaces and formats including FTP, CSV, XML and ISO 15022
• Receive flexible updates – Intraday corporate actions are available
using quote or issue based instrument lists as well as filecode
based extractions. Receive hourly delivery of M&A, IPO and Follow
On Offerings
• Corporate Actions data is available via the DataScope delivery
platforms, which are easy to integrate within existing workflows
and offer a flexible set of implementation options both deployed
and hosted – browser-based, FTP, or web service API
23. Thomson Reuters Pricing & Reference Data 23
WHAT CONTENT IS INCLUDED?
Breadth and Depth of Content Information on over 94,000 companies from over 93 countries, listed on more than 200 exchanges globally, with new
markets added to the service regularly.
Shares on Issue Multiple types including Outstanding, Issued, Listed, Free Float, Closely Held and Authorized.
Earnings Year to date and interim results. As-reported and annualized figures.
Dividends Cash distributions, including special and extraordinary stock dividends with stock options. Annual, semi-annual, quarterly and
monthly. Comprehensive tax details including withholding, QDI, Franked and foreign investor tax rates.
Capital Changes Stock distributions including Rights Issues, Bonus Issues, Splits, Demergers and other capital restructures. Cash events
including Return of Capital, Share Buybacks.
IPOs and Follow On Offerings Over 65,000 equity issuances. Event types: IPOs, Direct Public Offerings, Follow-Ons, Placings, Rights Issues, Private
Investment in Public Equity.
Mergers and Acquisitions Over 75,000 deals available where either the Acquirer or Target is or was a public company. These include all Pending/
Proposed deals as well as Completed/Cancelled deals from mid 2007. Event types: Acquisitions, Mergers of Equals, Open
Market Purchases, Tender Offers, Leveraged Buyouts, Management Buyouts, Strategic Investments, Joint Ventures, Venture
Capital, Reverse Takeovers, Asset Acquisitions and Consolidations.
THOMSON REUTERS DATASCOPE FOR CORPORATE ACTIONS
24. Thomson Reuters Pricing & Reference Data 24
Pricing, reference data and derived analytics
solutions for today’s market.
FAST ON BOARDING AND INTEGRATION
This flexible solution seamlessly fits into client workflows and
provides the required data and data delivery status. Clients can be
up and running within an hour from logging in. Data extractions can
be easily automated using the intuitive browser interface with
assistance from the on-line help and dedicated global product
specialist teams.
FLEXIBLE
Extraction definition and delivery can be controlled manually from the
browser, with XML based actions submitted to the FTP servers or using
the web services API. Scheduling of extractions can be automated and
based on event triggers or exact client time requirements. Field-level
formatting of the data output can be set up as fixed width, delimited
or in XML.
INTELLIGENT DATA
Delivered through DataScope Select, Thomson Reuters Pricing
Service covers many asset classes and is available on an intraday,
end-of-day and time series basis. Securities are linked to issuers and
markets and additionally linked to corporate actions data and
reference data.
COST TRANSPARENCY
The Commercial Model for providing market data is currently based
on estimated usage. All data extractions are recorded at the security
and asset class levels and are made available in the “Usage” screens.
Current and past usage can be seen on a user and company level for
full transparency on the amount and types of data being extracted.
Today you need rich and relevant financial data
to help deliver profitable insights. The quality and
relevance of the information empowers you to find
new opportunities – ahead of your competitors.
Thomson Reuters DataScope Select addresses
that need. This strategic data delivery platform
for non-streaming content globally is a full
cross-asset offering with intelligently linked
data for all Thomson Reuters DataScope content
including reference data, corporate actions, legal
entity data, end-of-day/intraday pricing and
evaluated pricing services.
New functionality and content is automatically
added to help adapt to today’s evolving
requirements and is built on the cornerstones of
best coverage, high reliability and performance,
as well as customer convenience. You’ll also
have your choice of three flexible data delivery
interfaces including browser based, FTP and a
web service API.
CORPORATE
ACTIONS
Intraday
Global Coverage
Tax Data
Historical
ISO15022
Audited Data
Corp Hierarchies
People
Document Management
Instrument-Parent Linkage
Counterparty Parent IDs
Intraday Snapshot
Validated End-of-Day
Equity Analytics Funds
Descriptive Data
Industry Classifications
Symbol/Cross Ref
Historical
Evaluated Pricing
Cash Flows
Performance Data
Models
Analytics
Evaluated Pricing
End-of-Day
REFERENCE
DATA
HISTORICAL
PRICING
LISTED
MARKETS
PRICING
LEGAL
ENTITY
DATASCOPE
SELECT
VALUATION
PRICING
SERVICES
THOMSON REUTERS
DATASCOPE SELECT
thomson Reuters financial and risk management solutions
FUNCTIONALITY
25. Thomson Reuters Pricing & Reference Data 25
COMPREHENSIVE AND GLOBAL COVERAGE
The strategy behind Thomson Reuters DataScope
Select is to provide pricing, reference data and derived
analytics across all asset classes so that only one
source and a single retrieval method is required. That’s
why Thomson Reuters DataScope Select covers all
major asset classes including reference data, corporate
actions, legal entity data, end-of-day/ intraday pricing
and evaluated pricing services.
API
Thomson Reuters DataScope Select’s web service API
provides flexible and comprehensive access to the full
data model and is suitable as an application data
source or as embedded methodology in client side data
retrieval workflows. The API is being enhanced in each
of the Thomson Reuters DataScope Select application
releases and our clients can partner with us to decide
what functionality is added with each release.
INDUSTRY STANDARD ISO 15022 DATA DELIVERY
In addition to our flexible data formatting options,
Thomson Reuters DataScope Select can deliver
corporate actions data in the industry standard ISO
15022 format and in the future, ISO 20022 format as
those specifications are finalized by Swift and ISO.
MULTIPLE PRODUCT RELEASES A YEAR
Thomson Reuters DataScope Select is the strategic
data delivery platform for non-streaming content
globally and has an aggressive development and
roadmap schedule. Each release is driven by partnering
with our clients and ensuring we are meeting their
demands in a competitive world with rapidly changing
global and local market requirements.
VALUATIONS TRANSPARENCY & AUDIT TRAIL
The Valuation Transparency Service (VTS) is integrated
as part of the DataScope Select web-interface with
intuitive screens for entering bond price challenges of
various types. It provides customers with a Multi-bond
challenge support via an imported comma separated
value (CSV) file that includes predefined columns for
simplified input. With VTS, you can track and monitor
progress of existing challenges from submission
through resolution via on-screen controls that allow
filtering and sorting. Consistent challenge responses
are provided with evaluator details to enable audit
trails. All challenges are resolved within 24 hours of
submission, delivering the critical information you
need in a timely manner. Prices managed through the
VTS are evaluated prices from our Pricing Service.
WHY THOMSON REUTERS?
Widest data coverage – Thomson Reuters has
unrivalled coverage of market data, evaluated
and contributed pricing, corporate actions data,
legal entity and compliance data, and other
differentiated content.
Better data quality, integration and support –
We have decades of experience in integrating and
distributing market data, ensuring data quality
“out of the box.”
24/7 Service – Our global service centers can offer
you support around the clock and our local account
teams can respond quickly to your queries.
Global presence – Thomson Reuters is
committed to providing support, account
management, hosting, development and exchange
relationships, worldwide.
Managing Valuation Risk – We have made
major investments in bringing accurate,
transparent pricing for hard to price fixed income
securities and credit derivatives to clients. Our
professional evaluated pricing service is delivered
by a team of more than 100 experts around the
globe, who are in constant contact with market
participants. Using our unrivalled range of data
and our expertise, we can provide reliable prices
for individual instruments or entire portfolios.
COMPREHENSIVE
DATA MODEL
• Asset Classes
−− Fixed Income
−− Equities
−− Futures and Options
−− Money
−− Funds
−− Loans
−− CDS/IRS
−− OTC Equity Options
• Other Data Sets
−− Corporate Actions
−− Reference Data
−− Entity Data
−− Evaluated Pricing
Service
−− Estimates
−− Analytics
−− News
• Template Views
−− Terms and Conditions
−− Bond Schedules
−− Factor History
−− End-Of-Day Pricing
−− Intraday Pricing
−− Premium Pricing
−− Premium End-of-Day
Pricing
−− Time Series Pricing
−− Corporate Actions
−− Legal Entity Detail
−− Legal Entity Audit
−− BlackRock Analytics
−− Factor History (MBS &
Tranche)
−− News
−− Ownerships
−− Summary and
Detailed Estimates
−− Fund Allocation
−− Symbol Cross
Reference
−− Technical Indicators
THOMSON REUTERS DATASCOPE SELECT
Features
