Swift to Assign 40,000 Civics Next Year
BRUSSELS-Swift is set to go live with a collateral investment vehicle identifier code (Civic) in the second quarter of 2008, estimating that it will have assigned 40,000 such identifiers in the first year.
The new code, which in essence is a business identifier code, enables identification of funds. Currently, the organization is focusing on collecting data on retail funds in eight markets-Belgium, France, Ireland, the UK, the US, Switzerland, Luxembourg and Germany-and the next step will be
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