WG8 Narrows IGI Scope, Decides to Use Original IBEI Structure and Framework

FRANKFURT/WASHINGTON DC - The International Organization for Standardization (ISO) working group 8 (WG8), which focuses on international business entity identification (IBEI), has narrowed the scope of the code and decided to keep the framework and structure of the original IBEI proposal, Inside Reference Data has learned.

The code will now cover issuers and guarantors and be dubbed the issuer and guarantor identifier (IGI). "The IBEI (proposed by the former WG8) had a much wider scope covering