However, reference knowledge is necessary too. Also referred to as static data, reference knowledge contains product or security descriptions, counterparties, calendars, exterior market and worth knowledge. Reference information is descriptive in nature and is shared across trades and reused in transactions. Reference information might be affected by the brand new rules particularly when it comes to further data seize (e.g. as outlined in Solvency II, Basel III and FATCA (Foreign Account Tax Compliance Act)).
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