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Thomson Reuters Launches Solvency II Data Service

Thomson Reuters announced the launch of a dedicated Solvency II Data Service available through Thomson Reuters DataScope Select.  The solution is designed to help insurers, asset managers, fund administers and custodians meet capital adequacy and disclosure obligations under Solvency II.

Solvency II requirements are placing added pressure on institutions to have a deeper understanding of their current and future trading and investment risk exposure. Thomson Reuters Solvency II Data Service provides clients with the key data sets needed to power their capital adequacy, disclosure tools and workflows. The solution provides instrument and issuer classifications such as NACE (NCEN) and CIC needed for Solvency II assessments and disclosers, and is powered by Thomson Reuters Lipper database to provide a “look through approach” into the specific instruments held by funds.

Thomson Reuters Solvency II Data Service provides access to the identification codes required for mapping and reporting purposes in the Quantitative Report Templates (QRT), helping to reduce errors and streamline the generation of reports. The solution also simplifies the Minimum Capital Requirement (MCR) and Solvency Capital Requirement (SCR) by providing independent evaluated pricing with specific Solvency II attributes as well as benchmark curves with up to 120 years maturities, Last Liquidity Point (LLP) and Ultimate Forward Rate (UFR) to value assets and liabilities.

Thomson Reuters Solvency II Data Service is powered by Thomson Reuters DataScope, the strategic data delivery platform for non-streaming content globally. The platform is a full cross-asset offering with intelligently linked data for all Thomson Reuters DataScope content including Reference Data, Corporate Actions, Legal Entity Data, End-of-Day/Intra-Day pricing and Evaluated Pricing Services. For more information about this feed or DataScope (DSCP), please visit http://www.prdcommunity.com/index.php/solutions/regulatory-data.

Source: Seekingalpha.com

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