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.
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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