CFTC Picks DTCC, SWIFT to Issue Swap Participant ID Codes
July 24, 2012
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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