LEI authority pushes bid to also manage derivative product IDs

6 June 2018 7:06am
The global authority that manages identification codes for derivative traders pressed its case to also help oversee another ID network, for derivative products, that is being developed internationally.

The Global Legal Entity Identifier Foundation, while making its bid to the Financial Stability Board, drew support as a worthy model from the Depository Trust & Clearing Corporation, a major derivatives-industry player.

The Switzerland-based foundation said in a letter posted this week that unique product identifiers, or UPIs, should be governed by a public-private partnership.