Method and apparatus for reference data scrubbing
First Claim
1. A system, comprising:
- a reference data device for receiving reference data associated with a derivatives transaction and for tracking said reference data; and
a user device for receiving scrub templates from said reference data device and for entering reference data into said scrub templates for storage by said reference data device, said scrub templates enforcing data conventions to provide consistency in said reference data.
2 Assignments
0 Petitions
Accused Products
Abstract
A system, medium storing processor-executable process steps, method and apparatus for supporting a derivative transaction, the method including receiving data identifying a reference entity participating in the derivative transaction; receiving data identifying at least a first reference obligation associated with the derivative transaction; identifying a contractual relationship between the reference entity and the at least first reference obligation; and generating a data record associated with the derivative transaction, the data record including the data identifying said reference entity, the data identifying the at least first reference obligation, and data identifying said contractual relationship, wherein the data record is verified as accurate as of an issue date of the derivative transaction.
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Citations
17 Claims
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1. A system, comprising:
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a reference data device for receiving reference data associated with a derivatives transaction and for tracking said reference data; and a user device for receiving scrub templates from said reference data device and for entering reference data into said scrub templates for storage by said reference data device, said scrub templates enforcing data conventions to provide consistency in said reference data. - View Dependent Claims (2, 3, 4)
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5. A method for operating a reference data device, the method comprising:
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receiving, at the reference data device, reference data associated with a derivatives transaction; transmitting, to a user device, scrub templates configured to enforce data conventions to provide consistency in the reference data; receiving scrubbed reference data consistent with the data conventions; and storing the scrubbed reference data in a reference database. - View Dependent Claims (6, 7, 8, 9, 10, 11)
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12. A system for scrubbing reference data, the system comprising:
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a memory having stored thereon a set of instructions; a processor communicably coupled to the memory, wherein the processor is configured to execute the set of instructions to communicate display data to a display device to cause a graphical user interface to be displayed on the display device, wherein the graphical user interface comprises a scrub template configured to prompt for a plurality of reference data relating to a derivatives transaction in a specified format to ensure consistency; and wherein the instructions further cause the processor to generate a final needs list of documents needed to complete scrubbing the reference data. - View Dependent Claims (13, 14, 15, 16, 17)
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Specification