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CFTC Picks DTCC, SWIFT to Issue Swap Participant ID Codes

July 24, 2012
Tom Steinert-Threlkeld

The Commodity Futures Trading Commission Tuesday said it picked the alliance of the Depository Trust and Clearing Corporation and the Society for Worldwide Financial Telecommunication to register and maintain a system of identifiying all parties to swaps transactions that it must supervise.

This is the first designation of a registration authority in what ultimately expected to be a worldwide system of creating legal entity identifiers.

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