Our offeringRefinitiv Trade Discovery publishes evidence of executed trades and committed quotes on an end of day basis to help banks pass the Risk Factor Eligibility Test.

The solution provides coverage across many markets and geographies. We leverage major regulatory transparency initiatives including FINRA TRACE in the U.S. and MiFID II in Europe, and partner with many of the world’s most established market infrastructure providers to receive contributed regulatory-compliant data. By partnering with the most established infrastructure providers, we minimize the need for banks such as yourself to make direct contributions to the service.

Refinitiv stores both one year of historical time-series and provides updated data at the end of each day. This allows you to continually monitor your existing risk factors and allows you

to easily introduce new ones. The data is stored in a normalized data model at instrument level, which aids consolidation across multiple sources and integration with your own internal data. We conduct consistency checks and process it to support ease of use. Adjustments are made for cancellations, amendments and deferred publication. In addition, we provide just a single observation for any instrument on a given day. Sensitive information is removed to minimize any adverse impact on the market structure of less liquid instruments.

You can access data from the Refinitiv Trade Discovery using our API, which provides end of day data sets stored in JSON format. The modular nature of data access provides you with the flexibility to only subscribe to those data sets you require for aiding your RFET assessment.

Our missionFundamental Review of the Trading Book (FRTB) is the latest incarnation of the global market risk prudential standards defined by the Basel Committee on Banking Supervision (BCBS). From January 2022, banks will need to comply with these rules. Those banks seeking to use their own models, i.e., applying for Internal Models Approach status, will need to assess the liquidity of risk

factors used in their models as defined under the RFET (Risk Factor Eligibility Test) requirements. Our mission is to help you source regulatory-compliant “real” price observation data on a broad range of instruments in order to aid you in completing this RFET compliance requirement.

Refinitiv Trade DiscoveryProvision of data to help banks comply with the new Risk Factor Eligibility Test (RFET), which is introduced under the Fundamental Review of the Trading Book (FRTB) regulation.

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Major market infrastructure providers

Data is mapped into a consistent data model

Data is cleansed

Standardized output is created Customer API access

• Access to regulatory-compliant data for the Risk Factor Eligibility Test (RFET)

• Content is packaged by market to aid consumption

• Observation data is mapped into a consistent data model

• For any given instrument, only one observation per day is available

• A standard file is created for each data package and posted into the Refinitiv Client File Store (CFS)

Availability

• Users can retrieve and download theirsubscribed data from the Client File Store

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Processing Access32

Regulatory transparency initiatives

Visit refinitiv.com

Refinitiv Trade Discovery 2

Benefits to youCross-asset class coverage Refinitiv Trade Discovery leverages contributions from many of the world’s largest market infrastructure providers to achieve cross-asset class and cross-region instrument coverage.

No need to contribute dataBy partnering with major infrastructure providers that own trading and post-trade services, Refinitiv captures executed trade and committed quote information in the most efficient means possible. This means you don’t need to make direct contributions to the Refinitiv Trade Discovery, which can reduce your operational complexity and RFET implementation costs.

Freedom to use your own methodologyRefinitiv stores all information at instrument level using standardized hierarchies and industry identifiers. This provides you with full flexibility and freedom to map observations to risk factors based on your own internal methodology.

Easy to use All data available through the system has been normalized and processed to aid your consumption. For example, our standardized data model aids consolidation and aggregation of data across each of our partners as well as with your internal data. Deduplication (i.e., providing only a single observation for any instrument on a given day) as well as amendments, cancellations and deferred publication processing ensures you receive only the information you need to pass RFET and avoids the provision of significant excess trade and quote data on more liquid instruments.

RE1014462/9-19

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ObservationID ObservationType ObservationDate PublicationDate RIC InstrumentIdentifierType InstrumentIdentifier2C624232CDD221771294DFBB310ACA000A0DF6AC8B66B696D90EF06FDEFB64A3 Trade 20190308 20190308 AT0000A269M8=TWEA ISIN AT0000A269M819581E27DE7CED00FF1CE50B2047E7A567C76B1CBAEBABE5EF03F7C3017BB5B7 Trade 20190308 20190308 AU3CB0236727=TWEA ISIN AU3CB02367274A44DC15364204A80FE80E9039455CC1608281820FE2B24F1E5233ADE6AF1DD5 Trade 20190308 20190308 BE0000335449=TWEA ISIN BE00003354494FC82B26AECB47D2868C4EFBE3581732A3E7CBCC6C2EFB32062C08170A05EEB8 Trade 20190308 20190308 CA03524BAB23=TWEA ISIN CA03524BAB236B51D431DF5D7F141CBECECCF79EDF3DD861C3B4069F0B11661A3EEFACBBA918 Trade 20190308 20190308 CH0331455318=TWEA ISIN CH03314553183FDBA35F04DC8C462986C992BCF875546257113072A909C162F7E470E581E278 Trade 20190308 20190308 DE0001030526=TWEA ISIN DE00010305264523540F1504CD17100C4835E85B7EEFD49911580F8EFFF0599A8F283BE6B9E3 Trade 20190308 20190308 ZAG000016320=TWEA ISIN ZAG0000163204EC9599FC203D176A301536C2E091A19BC852759B255BD6818810A42C5FED14A Trade 20190308 20190308 XS1953057061=TWEA ISIN XS19530570619400F1B21CB527D7FA3D3EABBA93557A18EBE7A2CA4E471CFE5E4C5B4CA7F767 Trade 20190308 20190308 XS0848049838=TWEA ISIN XS0848049838F5CA38F748A1D6EAF726B8A42FB575C3C71F1864A8143301782DE13DA2D9202B Trade 20190308 20190308 US912828J272=TWEA ISIN US912828J2726F4B6612125FB3A0DAECD2799DFD6C9C299424FD920F9B308110A2C1FBD8F443 Trade 20190308 20190308 US9128286G05=TWEA ISIN US9128286G05C2356069E9D1E79CA924378153CFBBFB4D4416B1F99D41A2940BFDB66C5319DB Trade 20190308 20190308 NL0013059991=TWEA ISIN NL0013059991B7A56873CD771F2C446D369B649430B65A756BA278FF97EC81BB6F55B2E73569 Trade 20190308 20190308 LU1428373747=TWEA ISIN LU14283737475F9C4AB08CAC7457E9111A30E4664920607EA2C115A1433D7BE98E97E64244CA Trade 20190308 20190308 IT0005348443=TWEA ISIN IT0005348443670671CD97404156226E507973F2AB8330D3022CA96E0C93BDBDB320C41ADCAF Trade 20190308 20190308 IT0005086886=TWEA ISIN IT000508688659E19706D51D39F66711C2653CD7EB1291C94D9B55EB14BDA74CE4DC636D015A Trade 20190308 20190308 IE00BV8C9418=TWEA ISIN IE00BV8C94180B918943DF0962BC7A1824C0555A389347B4FEBDC7CF9D1254406D80CE44E3F9 Trade 20190308 20190308 HU0000403118=TWEA ISIN HU0000403118D59ECED1DED07F84C145592F65BDF854358E009C5CD705F5215BF18697FED103 Trade 20190308 20190308 GR0138015814=TWEA ISIN GR01380158143D914F9348C9CC0FF8A79716700B9FCD4D2F3E711608004EB8F138BCBA7F14D9 Trade 20190308 20190308 GB00H3PH7217=TWEA ISIN GB00H3PH721773475CB40A568E8DA8A045CED110137E159F890AC4DA883B6B17DC651B3A8049 Trade 20190308 20190308 GB00B52WS153=TWEA ISIN GB00B52WS15344CB730C420480A0477B505AE68AF508FB90F96CF0EC54C6AD16949DD427F13A Trade 20190308 20190308 FRBNPP00X7J0=TWEA ISIN FRBNPP00X7J031489056E0916D59FE3ADD79E63F095AF3FFB81604691F21CAD442A85C7BE617 Trade 20190308 20190308 FRBNPP00TWE7=TWEA ISIN FRBNPP00TWE798010BD9270F9B100B6214A21754FD33BDC8D41B2BC9F9DD16FF54D3C34FFD71 Trade 20190308 20190308 NL0012976898=TWEA ISIN NL001297689841CFC0D1F2D127B04555B7246D84019B4D27710A3F3AFF6E7764375B1E06E05D Trade 20190308 20190308 EZ65940W7DG9=TWEA ISIN EZ65940W7DG92858DCD1057D3EAE7F7D5F782167E24B61153C01551450A628CEE722509F6529 Trade 20190308 20190308 EZ4177P8L2G5=TWEA ISIN EZ4177P8L2G5JKNKLD3LKJ4KLHJ6D78HKS094F8LLP0W209CK4FKKI8D33KDJD8DKDKDKWD78302 Trade 20190308 20190308 FR0013398070=TWEA ISIN FR0013398070WLJ29YTJUJ701MNEY6LATT8UGL2JIIN77AMNENUEYQWMNQXKSJSHUYEEMNU72372 Trade 20190308 20190308 FI4000369467=TWEA ISIN FI4000369467SHSJUW7JJHTPOIJ7DIJHN3LKJSONNSYW085K3YHKSYTPSUMJ38CM45CDCKD7SBAJ Trade 20190308 20190308 EZ7M5RFMXDX3=TWEA ISIN EZ7M5RFMXDX3PGGHASOPF72BC89C7YWE3BVKAN49SJA7MY3K1HOAU83NJD7JKASJTKIPANTGWWQH Trade 20190308 20190308 EZ4J44LRZ2F7=TWEA ISIN EZ4J44LRZ2F7BEQKXNDEYCNJKHUJSCXNJ347CH3YG7DGDNNS7H72HBXO7GHK7HNJO7DMN7JDS7D7 Trade 20190308 20190308 EZ28J6CPNZ68=TWEA ISIN EZ28J6CPNZ68DSJDSH6NKD87KL164EDSLPJHNU3FCDXKBHJQJKX7U79B DSD7789ON3H67MCHR5H Trade 20190308 20190308 ES00000128B8=TWEA ISIN ES00000128B8CYTDS6ASWKMWBN3TDSX65QLZIVRJWVU73N8FJ6BLXTFK4Y89JFERSNSKJSY55NSX Trade 20190308 20190308 DE000XM84V84=TWEA ISIN DE000XM84V84

Observation data captures instrument identifiers and trade details ...

{"ObservationID":

“6B51D431DF5D7F141CBECECCF79EDF3DD861C3B4069F0B11661A3EEFACBBA918",

"ObservationType": "TRADE","ObservationDate": “2018-03-08","PublicationDate": "2018-03-08","RIC"CH0331455318=XXXX" ,"AdditionalIdentifier": {

["IdentifierType": "ISIN","IdentifierValue": "CH0331455318"

]}

}

... Will be available in JSON format