SEDOL – A Global Reference Data Set
The SEDOL Masterfile service provides customers with a comprehensive, global reference data set. SEDOL Masterfile has been in operation for over 30 years, growing and evolving with the market. The SEDOL Masterfile currently provides information on over 100 million securities and financial instruments covering all asset classes, and continues to grow.
Various organisations use SEDOL Masterfile to aid security identification in their business activities, for example to assist with portfolio valuation, trade execution, processing price feeds, for reference data validation as a cross reference to other identifiers and price validation. This unique, global security identifier increases STP efficiencies and decreases the costs of cross-border trade failure. The SEDOL Masterfile service addresses three major industry issues with securities identification:
- Identification of individual securities and the markets that they are traded on reducing £millions losses each year as a result of trading errors caused by inaccuracy in security identification.
- Code allocation on a real time basis; hosted on a 24/7 web browser for real-time SEDOL search and creation functionality.
- Scope of SEDOL coverage across all asset classes – reducing the need for multiple Identifiers.