Centralized corporate bond database increases transparency by mandating depositories and issuers to publish validated bond data. A centralized database for corporate bonds/debentures requires both depositories jointly to create, host, maintain and disseminate a unified repository for dematerialised instruments, with systems to ensure data integrity and synchronization. Issuers, stock exchanges, credit rating agencies and debenture trustees are designated information providers: issuers must supply required fields at ISIN activation and update changes; exchanges, rating agencies and trustees access secure logins to verify and update ratings, listing status and default history. Depositories must host, share and publish validated data within prescribed short timelines and implement phased collection of historical data.
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Centralized corporate bond database increases transparency by mandating depositories and issuers to publish validated bond data.
A centralized database for corporate bonds/debentures requires both depositories jointly to create, host, maintain and disseminate a unified repository for dematerialised instruments, with systems to ensure data integrity and synchronization. Issuers, stock exchanges, credit rating agencies and debenture trustees are designated information providers: issuers must supply required fields at ISIN activation and update changes; exchanges, rating agencies and trustees access secure logins to verify and update ratings, listing status and default history. Depositories must host, share and publish validated data within prescribed short timelines and implement phased collection of historical data.
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