DelistBench: Evaluating Search-Enabled LLMs for Auditable Corporate-Event Database Completion

Xuan Yao, Shuping Li, Yang Dai, Yi Zhou, Ke-Wei Huang


Abstract
Financial institutions need an independent way to detect missing, stale, and misclassified corporate-event records in vendor databases. We introduce Search-to-Record, a database-assurance task in which search-enabled large language models reconstruct institution-defined event records from public sources for a known security universe and historical cutoff, and DelistBench, a 1,200-record benchmark for security-level delisting announcements. We evaluate five models in paired closed-book and web-enabled conditions. Web access raises announcement-date accuracy within seven days by 34.0–48.0 percentage points and event-status accuracy by approximately 2.8–21.7 points; the best system achieves 81.5% overall joint accuracy within seven days. Economy web systems achieve 75.9–78.3% overall joint accuracy within seven days at 4.5–6.6% of the API cost of the most expensive web system. Risk-based triage identifies low-error subsets, although the highest-coverage operating point still sends 27.3% of the balanced test set to review. The evaluation identifies web retrieval as the main source of timing gains and shows that low-cost systems can approach the best system’s accuracy. Together, Search-to-Record, DelistBench, and the evaluation provide concrete deployment guidance: calibrate triage to local event prevalence and market mix, preserve positive-event recall, and route positive and ambiguous cases to targeted review. DelistBench is publicly available at https://github.com/tj-zyyyyyyy/DelistBench.
Anthology ID:
2026.finnlp-1.50
Volume:
Proceedings of the 11th Workshop on Financial Technology and Natural Language Processing
Month:
October
Year:
2026
Address:
Budapest, Hungary
Editors:
Jimin Huang, Yongjae Lee, Sophia Ananiadou, Hsin-Hsi Chen, Hiroya Takamura, Chung-Chi Chen
Venues:
FinNLP | WS
SIG:
SIGFinTech
Publisher:
Association for Computational Linguistics
Note:
Pages:
601–610
Language:
URL:
https://aclanthology.org/2026.finnlp-1.50/
DOI:
Bibkey:
Cite (ACL):
Xuan Yao, Shuping Li, Yang Dai, Yi Zhou, and Ke-Wei Huang. 2026. DelistBench: Evaluating Search-Enabled LLMs for Auditable Corporate-Event Database Completion. In Proceedings of the 11th Workshop on Financial Technology and Natural Language Processing, pages 601–610, Budapest, Hungary. Association for Computational Linguistics.
Cite (Informal):
DelistBench: Evaluating Search-Enabled LLMs for Auditable Corporate-Event Database Completion (Yao et al., FinNLP 2026)
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PDF:
https://aclanthology.org/2026.finnlp-1.50.pdf