Financial messaging network Swift and the Depository Trust and Clearing Corporation (DTCC) have been awarded two separate industry data management mandates, Finextra reports. The firms will be responsible for developing a Legal Entity Identifier (LEI) utility and electronic foreign exchange repository.
Swift and the DTCC, along with its data management unit Avox, have been proposed as key partners to operate the core LEI utility as the central point for data collection, data maintenance, LEI assignment and quality assurance. The firms will work with the selected LEI standards body, the International Organization for Standardization and the Association of National Numbering Agencies.
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