The volume, complexity and trade reporting requirements of municipal bonds make this asset class one of the most difficult to manually maintain in a timely and accurate manner. There are approximately 1.2 million active municipal bonds, with a continuous flow of new securities. In addition, detailed information is required to meet municipal trade reporting requirements within 15 minutes of trade execution.
Interactive Data is a pre-eminent provider of comprehensive, timely municipal securities data, delivering detailed information to clients to help maintain a security master file, process trades, and manage income and principal payments.
To help clients meet the challenges of the municipal bond market, Interactive Data delves deeply into the details of over 140 municipal data items. Interactive Data’s municipal data quality program concentrates on measures to continuously monitor the timeliness and accuracy of its data based on meeting client requirements to automate various security life cycle functions.
In addition, Interactive Data participates in industry groups that promote advancements in the timing, transparency and accuracy of the municipal data key to serving its clients.
Municipal bond data from Interactive Data, which can be customized based on client-specific processing needs, is available on-demand, intra-day and at the end of the trading day. These access methods have been optimized to serve security life cycle functions such as trade reporting.
- The Company provides over 140 municipal data items, including:
- Detailed issuer and issue information
- Tax status information
- Optional and mandatory redemption schedules
- Bond insurance and other credit enhancements data
- Redemption details
- Ratings information
- Interest payment details