SIX Financial Information is offering cross-asset reference data to help insurers, asset managers and custodians comply with the European Union’s Solvency II Directive.
SIX Financial Information draws on its expertise as a provider of corporate actions, evaluations and broad reference data, to offer the granular, high quality asset data required for Solvency II compliance.
The service features over 120 individual data points, including the Complementary Identifier Code (CIC), a new asset classification schema specific to Solvency II. SIX generates CICs at the instrument level to capture regulated markets under MiFID 2004/39/EC and also for individual market listings to reflect specific country of valuation as defined for group reporting under the final Solvency II guidelines. The service also includes pre-Legal Entity Identifiers and NACE industrial classifications are being added alongside the GICS®, SIC, ICB and proprietary codes already in SIX Financial Information’s extensive database.
SIX Offers Cross-Asset Reference Data for Solvency II Compliance
SIX Financial Information is offering cross-asset reference data to help insurers, asset managers and custodians comply with the European Union’s Solvency II Directive.