Canadian LOU Chooses GMEI Utility

william-hodash-dtcc
William Hodash, managing director, business development, DTCC

CDS Clearing and Depository Services, designated last month as the local operating unit for legal entity identifiers (LEIs) in Canada, plans to use the Depository Trust & Clearing Corporation (DTCC) Global Markets Entity Identifier (GMEI) utility, which is operated in collaboration with Swift, according to officials.

"This collaboration is consistent with the implementation of the Federated Operating Model called for by the FSB [Financial Stability Board] LEI Principles and Recommendations, as

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