From the Collaborative Bond and Money Market Data Portal
Definition: A Relationship expresses how two entities are connected.
In the Collaborative Market Data Model Relationship expresses how two entities are legally connected.
The Collaborative Market Data Model distinguishes the following Relationships:
Parent is the entity that owns other entities within the Group and typically considered the head-office.
Branch is the entity that is not legally separate but is a business unit located at a different address and often also at a different location or country. Branches of Financial Institutions typically have their own MFI. They can also have their own LEI if located in a different country, however that is not a must.
Fund is a segregated portfolio of financial assets, which is typically subject to a common investment policy and linked to the specific investors who have invested therein.
Compartment is a sub-Fund under Luxembourg Law.
Consolidated Subsidiary is a legal entity whose financial statements have been consolidated with the financial statements of the parent entity in accordance with GAAP.
Direct <50% Subsidiary is a legal entity whose shares are less than 50% directly owned by another legal entity.
Direct >50% Subsidiary is a legal entity whose shares are more than 50% directly owned by another legal entity.
Direct 100% Subsidiary is a legal entity whose shares fully directly owned by another legal entity.
Indirect <50% Subsidiary is a legal entity whose shares are less than 50% indirectly owned by another legal entity.
Indirect >50% Subsidiary is a legal entity whose shares are more than 50% indirectly owned by another legal entity.
Indirect 100% Subsidiary is a legal entity whose shares are fully but indirectly owned by another legal entity.
Off-balancesheet entity is a legal entity whose assets or debts are not consolidated and whose financial statements are not consolidated with the financial statements of another entity in accordance with GAAP.
