DTCC Proposes to Set-Up Free Legal Entity Data Utility
The Depository Trust & Clearing Corporation (DTCC) has proposed to build a utility of basic entity data that needs to be provided as part of the roll-out of a universal business entity identifier, according to the DTCC response to the Office of Financial Research’s (OFR) statement on legal entity identification.
Following the acquisition of counterparty data provider Avox last summer, DTCC has positioned itself as a potential industry utility for the reference data industry. The idea is that the
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