Broadridge’s RDM solution is an outsourcing service that provides the software and retained services needed to support the acquisition, cleansing, storage and distribution of global reference data, both to specific line-of-business systems and across your enterprise.
Broadridge’s RDM managed service receives instrument and counterparty data from your choice of vendors, then cleanses, stores and distributes the “Prime Copy” based upon your unique business requirements. Client-defined rules give the freedom to choose and prioritize data sources in the required hierarchical format.
Exceptions in the data aggregation, cleansing and distribution lifecycle are automatically flagged and forwarded to the appropriate designated personnel for resolution.
Once collected, cleansed and approved, the data is used to create your “Prime Copy” or centralized master reference data repository. Broadridge delivers your repository in either standardized or client-defined format. In addition, Broadridge can replicate a client-resident, read-only copy of your data repository using a global reference database.
A standard set of external data source connectors are provided as part of the managed service. This includes, but is not limited to:
The instrument data supported by Broadridge’s managed service can apply to all asset classes, and includes:
Counterparty risk can be mitigated through the precise identification of the business entity that you are dealing with, including hierarchical associations: