A legal hierarchy is the legal structure of an entity from the ultimate parent through to its subsidiaries. eClerx team validates existing legal hierarchies in client systems using approved validation sources and updates any changes on these resulting from Corporate Actions. This in turn is used as a base to update the credit hierarchies in a tree view of the entities manifesting the credit recourse to each other. The process involves identification of duplicates in existing hierarchies to mitigate risk associated with dupe credit lines. The database is also updated with details on country of organization, legal form, headquarter, type of financial activity and other attributes for all entities which form a part of the hierarchy.
eClerx provides financial research reports on companies or securities for disclosure of potential conflicts of interest by SEC, FINRA, FATCA and other foreign regulatory bodies.