Thomson content update February 2017

At the end of January a change was made that has impacted the content of SDC Platinum, Thomson One and the newer Eikon product. Thomson Reuters uses league tables that capture market/deal activity for both the mergers and acquisitions, equity issuance, debt issuance, syndicated loans and US municipal bond markets. The rankings in the league tables are (in part) based on imputed investment banking fee variables.

Investment banking league tables rank investment banks on their level of involvement in specific types of transactions. An individual league table might, for example, rank the investment advisors of merger and Acquisition deals (usually by aggregate deal volume) and another might rank the underwriters of equity or fixed income offerings. (Source: SC Johnson College of Business website)”

The Thomson Reuters historical imputed fee data & history was created & added to the Thomson database(s) from 1998. Freeman & Company have been an exclusive content provider of investment banking imputed deal fees to Thomson Reuters since 2005. Freeman’s fee engine is powered by Thomson Reuters Deals data.

Starting in February 2017 new imputed fee data is created & added according to the proprietary StarMine model of Thomson. The older Freeman imputed fee data will remain available in the databases. Only in a limited number of cases some of the older data may be replaced with newer imputed fee data: historical deals where fee related fields are updated will also be given a new Thomson Reuters imputed fee.

The following variables are impacted in SDC Platinum databases:

Mergers & Acquisitions database (Deals database):

  • IMPUTED_ACQ_TOTAL_FEE
  • IMPUTED_ACQ_TOTAL_FEE_AUD
  • IMPUTED_ACQ_TOTAL_FEE_EURO
  • IMPUTED_ACQ_TOTAL_FEE_STG
  • IMPUTED_ACQ_TOTAL_FEE_YEN
  • IMPUTED_TARGET_TOTAL_FEE
  • IMPUTED_TARGET_TOTAL_FEE_AUD
  • IMPUTED_TARGET_TOTAL_FEE_EURO
  • IMPUTED_TARGET_TOTAL_FEE_STG
  • IMPUTED_TARGET_TOTAL_FEE_YEN
  • IMPUTED_INV_FEES
  • IMPUTED_INV_FEES_AUD
  • IMPUTED_INV_FEES_EURO
  • IMPUTED_INV_FEES_STG
  • IMPUTED_INV_FEES_YEN

Global New Issues database (Equity, Bonds & Syndicated Loans):

  • IMPUTED_TOTAL_FEES
  • IMPUTED_TOTAL_FEES_AUD
  • IMPUTED_TOTAL_FEES_EURO
  • IMPUTED_TOTAL_FEES_STG
  • IMPUTED_TOTAL_FEES_YEN

An update of the SDC Platinum software is required to keep everything up to date and available as per usual. The newer Thomson products Thomson One and Eikon are also impacted but as these products are web-based no software updates on the client side are necessary. The data in the newer products has already been updated. More background information can be downloaded here.

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