About Moody's Orbis
Moody's Orbis is a data provider you can use to run the Company data check.
How a Company data check works with Moody's Orbis
This is the default behavior for a variant of the Company data check with Moody's Orbis as the data provider.
This check is performed by sending the company's name, country of incorporation, and company number or Bureau van Dijk Orbis ID number, also known as the bvd_id, to Moody's and requesting a report.
Contact your Moody's account manager to learn what countries your agreement covers.
This check cannot be used to monitor financial data.
When the results are displayed on the Verify company details task, the Nature of business shows any of the following codes that apply: SIC (US SIC), NACE (NACE Rev. 2) and/or NAICS (NAICS 2017). Note that the UK SIC code is not displayed. Moody's maps the NACE code into the UK SIC code and recommends using NACE because it has international coverage.
When you search for a company during the entity creation process, the search results are retrieved using the Company data check, if you have one set up. If you don't have a Company data check set up, the Company registry check can be used instead.
Check results
The check returns a passing, partial match, or failing result.
Check passed
When the check passes, the basic company information is imported into the check results. The company information imported into Maxsight is displayed differently for each task. See the description of the Company data check for more information. If multiple results are discovered for the same company, they're ordered by the best match for the name, as determined by Moody's Orbis.
Additionally, when the check passes, a link called Source data is displayed which takes you to the company results in Moody's Orbis. You'll need to log in with your Moody's Orbis username and password to view the results.
The check passes when all of the following are true:
The company name is found in the registry.
The company status in the registry is active.
The country of incorporation from the entity matches the data in the registry.
The company number from the entity matches the data in the registry.
Check returned a partial match
When the check returns a partial match, the basic company information and Source data link are displayed.
The check returns a partial match when the company name is found in the registry but one of the following is true:
Any of the required entity data is missing.
Any of the entity data does not match.
The company status is inactive.
The company status is unknown.
Check failed
The check fails if the company name or company number can't be found.
An error is displayed when the company's country of incorporation isn't covered by your Moody's agreement.
Moody's Orbis registry data associate categories
In Moody's Orbis registry data, associates are organized into categories and subcategories. Maxsight uses these categories to filter associates and return those that are relevant.
Identify officers task associate subcategories
Associates displayed in the Identify officers task are taken from the following subcategories under Boards and Committees:
Board of Directors
Executive Board
Supervisory Board
Advisory Board
Assess company ownership task categories
The Assess company ownership task assigns associates with the roles provided by Moody's Orbis, using the following custom rules:
Beneficial owners are defined based on their distance from the onboarding company:
At the first level, individuals with a 10% minimum shareholding in the onboarding company are considered beneficial owners. Companies must have a 10% minimum shareholding to be considered on a path to beneficial owners.
Individuals must have a minimum 50.01% shareholding at further levels to be beneficial owners. Companies must have a minimum 50.01% shareholding to be considered on a path to beneficial owners.
Individuals at the top of a path to beneficial owners are considered beneficial owners if they have a minimum of 10% or an unknown shareholding.
An entity is considered the global ultimate owner if it has a minimum 50.01% shareholding on its path from the onboarding company and has no identified shareholders or if its shareholder's percentages are unknown.