CFTC Grants One-Year Extension to DTCC-SWIFT LEI Order

Moderator: moderators

kreslik.news
rank: 10000+ posts
rank: 10000+ posts
Posts: 37309
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

CFTC Grants One-Year Extension to DTCC-SWIFT LEI Order

Postby kreslik.news » Sun Jul 17, 2016 3:53 pm


The US’ Commodity Futures Trading Commission (CFTC) has opted to lengthen an order of a joint DTCC-SWIFT utility, which manages and provides legal entity identifiers (LEIs), which will see the groups’ designation extended another year, according to a CFTC statement.

LEIs are identification codes that help enable and foster consistent and accurate identification of all legal entities that are parties to financial transactions, including non-financial institutions. This methodology and provision is required by the CFTC’s swap data recordkeeping and reporting rules – the extension itself is important as it facilitates more time for the global LEI system to become fully operational.

The ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”