Market data for corporate treasury
The market data provider landscape for corporate treasury is broad and includes reference websites, central bank portals and many different commercial data feeds including LSEG and Bloomberg. The process of collecting, aggregating and verifying this market data and ensuring it is anchored in treasury workflows can be complex. It also needs to be very robust driven by increased regulatory scrutiny, accounting rules, product complexity and operational risk controls.
The corporate treasury function requires accurate and timely market data for a wide range of purposes including hedge accounting, funding, financial reporting as well as the valuation of financial instruments. These financial products can be diverse and include currency and interest rate products but also CDS, mortgages and securitizations, inflation-linked products, equity and index options, and company loans and notes. All in all, this can mean many thousands of market data points.
The market data management process needs to be transparent with clear tracking of data used (data lineage) as well as any models or business rules such as proxies applied in the valuation process. Accurate and comprehensive referential data for counterparty identification and evaluation and product terms and conditions has to complement the market data. The process of collecting and ensuring market data quality and operationalizing it needs to be rigorous but also flexible given changing business requirements.
What’s included in the solution brochure
- Market data requirements for corporate treasury
- Data distribution and data integration capabilities needed
- What are some of the challenges that firms face?
- Data quality and data lineage requirements
- Data-as-a-Service approach
