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CDS Identifiers (Markit RED CDS™) Markit RED CDS is the industry standard alpha-numeric identifier for the credit derivative market, covering thousands of scrubbed reference entity and obligation pairs. LCDS Identifiers (Markit RED LCDS™) Markit RED LCDS is the market standard that confirms reference entities and the key identifying information for the loan facilities. Loan ID Mapping Markit now offers a premium mapping service. Over 75,000 identifiers have been mapped to LoanX IDs, allowing CLO investors to look up Markit Loans pricing faster than ever. LPN Reference Obligation Lists Reference Obligations related to Reference Entities that issue debt via Loan Participation Note (LPN) programmes.