CFTC Chooses DTCC, Swift To Provide Interim LEI
The US Commodity Futures Trading Commission (CFTC) has chosen the Depository Trust and Clearing Corporation (DTCC) and Swift as the provider of its CFTC Interim Compliant Identifiers (CICI), which will be required as part of its new clearing and trade reporting requirements for over-the-counter swaps.
The CICI will help the CFTC to aggregate derivatives data and monitor systemic risk, performing a similar function as the global legal entity identifier (LEI) that the Group of 20 finance ministers
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