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    GLEIF Expands Its LEI Mapping Capability with SWIFT and S&P Global

    November 29, 2022

    The Global Legal Entity Identifier Foundation (GLEIF) has expanded its Legal Entity Identifier (LEI) mapping capability across global entity identifier systems (with the latest certification) by mapping it to the Market Identifier Code (MIC) and the S&P Global Company ID.

    Financial institutions, public authorities, and other organizations utilize S&P Global Market Intelligence data in their compliance, Know Your Customer, regulatory reporting, and due diligence processes. GLEIF collaborated with S&P Global Market Intelligence to certify mapping of the S&P Global Company ID to the Legal Entity Identifier (LEI). The S&P Global Company ID is the primary key in the cross-reference mapping solution of S&P Global and will be supplemented by LEI data via a GLEIF-certified link. The purpose is to increase broad accessibility to key entity identifiers used worldwide, promote interoperability between parallel identifier systems, and help to streamline entity verification processes for data consumers. Now, these stakeholders can continue to leverage S&P Global's cross-reference mapping solution, which includes the S&P Global Company ID. This identifier is the primary key in the organization’s Cross Reference Services and will now be supplemented by LEI data via a GLEIF-certified link.  

    Additionally, GLEIF expanded the scope of its collaboration with SWIFT by providing certification for mapping of the Market Identifier Code (MIC) to the Legal Entity Identifier (LEI). The MIC is an International Organization for Standardization (ISO) code used to process and clear trades and is gaining traction as the securities industries move toward straight-through processing. The mapping of MIC to the LEI will enable market participants that use GLEIF and/or SWIFT data, such as financial institutions and public authorities involved in risk analysis and market monitoring, to link and cross-reference key entity identifiers which will ease the process of gathering, aggregating, and reconciling counterparty information based on interoperability across parallel identity platforms. 

     

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    Keywords: International, Banking, Securities, Insurance, LEI, LEI Mapping, SWIFT, Interoperability, Regtech, GLEIF

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