legal entity identifiers (LEI)

Michael Beaton of Derivatives Risk Solutions explains the Standard Credit Support Annex (SCSA), which is not mandatory for counterparts to derivatives transactions, but is likely to significantly impact the future shape of the derivatives industry.

Twenty years ago when confirmations for OTC products were produced using Word for Windows 2.0 and sent by FAX for manual review, identifying the legal entity was a hit and miss affair.

Legal entity data has come a long way. Virginie O’Shea, an analyst at Aite Group, explains the regulatory and business drivers behind new entity data management initiatives as financial institutions ramp up resources and technology to support a more efficient entity data management operation.

The Commodity Futures Trading Commission (CFTC) is requesting submissions from industry participants who wish to be considered for designation by the Commission as the source for identifiers to be used for identification of swap counterparties in swap recordkeeping and swap data reporting under the jurisdiction of the Commission beginning on July 16, 2012.

The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) have published their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs).

In a Q&A, Interactive Data’s Darren Marsh explains how centralising reference data management improves a firm’s ability to understand its risk exposures and enables firms to use capital more efficiently and better meet new regulatory reporting requirements.

Thomson Reuters today announced the launch of an expanded legal entity data solution, which will be available for retrieval via Thomson Reuters DataScope Select and Thomson Reuters DataScope Onsite. This offering significantly expands the firm’s legal entity content capability, which is approaching coverage of 1 million entities across nearly 250 markets and 50 languages.