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serving the Public interest of Transparency in Debt Capital Markets
The Collaborative Market Data Network
Serving Transparency in Capital Markets
The Collaborative
Market Data Network

Relationship

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.

 

Related Terms

Legal Entity Identifier, Branch