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Red (reference entity database)

A list of reference entities and reference obligations which has been checked for accuracy (scrubbed) by a law firm (currently Allen & Overy). The purpose of the database is to eliminate confusion over how to refer to reference entities and obligations in credit default swap documentation, and therefore avoid disputes and failed trades. Red was developed in 2002 by a consortium of dealers. Since 2003 It has been owned and administered by data company Markit (originally known as Mark-it Partners).

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