During the post trade stages, the lack of a common derivative identifier across global exchanges, vendors, front and back offices creates inefficiencies in the documentation process and hinders STP.
A common global identifier for all derivatives
To solve this issue, SEDOL Masterfile recently migrated to the UnaVista reconciliation service platform, providing customers with a new website and a global derivatives package. This enhancement enabled the allocation of one million SEDOL codes to identify unique global exchange traded derivatives sourced from over 80 global exchanges.
Revolutionise your documentation for post-trade processing of derivatives
The new service aims to help customers improve efficiencies in the documentation process and minimise the risks and costs associated with late settlement and trade failures.
Every derivative contract will be identified at the exchange level by using the standard SEDOL seven digit alphanumeric format, providing a common global identifier for all derivatives.
Derivative SEDOL codes will be linked to the underlying asset with a range of additional reference data attributes such as expiry month, strike price and settlement details.
Collect data directly from the source
SEDOL codes are incorporated in most major data vendor solutions worldwide, but there is no substitute for collecting data directly from the source. As such, derivative SEDOL codes will be available in a downloadable format and through a web services API, allowing participants to access data on a daily basis to automate their reference data systems.
Derivative SEDOL allows you to:
- streamline data feeds
- enable your front, middle and back office to seamlessly communicate
- trade with confidence with the thousands of other SEDOL and ISIN users across all time zones
- reduce the dependence on concatenating multiple reference data attributes.
To discuss how Derivative SEDOL can increase your firm’s effectiveness please contact us on:
Tel: +44 (0)20 7797 3009, STX 33009
Email: sedol@londonstockexchange.com