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Thomson Reuters Partners with Moody’s on Fixed Income Service

Thomson Reuters has partnered with Moody’s Analytics to offer a classification solution for conducting the Solely for Payment of Principal and Interest (SPPI) tests required under the IFRS9 accounting standard. The solution allows fixed-income investors to automate SPPI tests for securities in their portfolios by providing data on over 1.2 million corporate, government, and structured securities globally. In addition to securities held in clients’ portfolios, the solution permits users to conduct additional due diligence on bonds that have not been purchased. Full explanations are provided for returned SPPI pass/fail tests, including the methodologies used, as well as IFRS9 identified criteria and interpretations. The SPPI data feed is delivered with an open API and can be integrated into an existing client system or accessed via a web portal. The Thomson Reuters Financial & Risk business will be known as Refinitiv, following the closing of the strategic partnership transaction between Thomson Reuters and private equity funds managed by Blackstone

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