IHS Markit Adds Tool to SFTR Platform to Catch Missing LEIs

The data provider's SFTR offering provides opt-in features to minimize LEI-related errors in collateral messages.

LEI application inconsistencies

IHS Markit has expanded its solution for reporting under the Securities Financing Transaction Regulation (SFTR), which began phased implementation in April this year, with a tool for identifying Legal Entity Identifier (LEI) errors in reports.

The SFTR reporting tool now has an opt-in feature for customers that want the vendor to screen the data in each reporting field for errors. “The opt-in feature means that the client can ask us to scan the collateral message, which may be 1,000 lines long

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