CFTC Announces Designation of DTCC-SWIFT as the Provider of CFTC Interim Compliant Identifiers
July 24, 2012 Leave a comment
CFTC Announces Designation of DTCC-SWIFT as the Provider of CFTC Interim Compliant Identifiers
“Washington, DC – The Commodity Futures Trading Commission (CFTC) today issued an Order designating DTCC-SWIFT as the provider of the legal entity identifiers (LEI), which will be used by registered entities and swap counterparties in complying with the CFTC’s swap data reporting regulations. LEIs, to be known as CFTC Interim Compliant Identifiers or CICIs until establishment of a global LEI system, are essential tools for aggregation of derivatives data. They will be crucial to the ability of CFTC and other financial regulators to use swap data to fulfill the systemic risk monitoring and mitigation, market transparency, and market abuse prevention purposes of the Dodd-Frank Wall Street Reform and Consumer Protection Act….”
