Markit’s credit derivatives reference data verifies reference entity, reference obligation, corporate event and credit index data for the CDS and LCDS markets. Our data helps firms manage risk and maintain operational effieciency. Unique alphanumeric RED codes are assigned to all reference entities and reference obligations. Markits’ CDS Reference Data uses RED codes to confirm trades on MarkitSERV and other trade matching and clearing platforms. Subscribers can access Markit’s credit derivatives reference data via Markit’s website, automated downloads of XML reports or third-party platforms.