Kaizen’s Reference Data Testing service identifies errors in static data to ensure it is fit for your reporting requirements. Incorrect reference data can affect multiple trades across many different regimes and can have a knock-on effect on your reporting quality across all jurisdictions, leading to regulatory scrutiny, costly remediation and fines.

Key features
The service: 

• Executes a range of tests to counterparty and client static data to check for accuracy 
• Tests the full population of reference data for complete mappings to the appropriate identifiers
• Assesses the use and allocation of internal identifiers
• Normalises legal name and address
• Includes real-time checking of Legal Entity Identifiers (LEIs)
• Can be tailored for particular jurisdictions. For example, for CFTC Reporting – are they a US person?