DTCC Debuts ‘Same Day’ LEIs
Issuer anticipates demand for one-day delivery of Legal Entity Identifiers after Mifid II comes into force.
Tony Freeman, Depository Trust & Clearing Corp.
Tony Freeman, DTCC’s executive director of industry relations, says its normal turnaround time for issuing an LEI is between 48 and 72 hours, but the faster service will issue an LEI by 5pm GMT on the same day a request is submitted, as long as it is filed by 10am. Expedited requests made after that time will be fulfilled the next business day. The seven-hour turnaround is available for a 50 percent premium on the regular cost.
Freeman says that while DTCC does not expect the expedited service
More on Data Management
Waters Wavelength
Wavelength Podcast Episode 161: Gerard Francis of Bloomberg
Bloomberg’s Gerard Francis looks at the challenges that capital markets firms face when trying to incorporate alternative datasets.
Subscribe to Weekly Wrap emails
Most read
- Sell-Side Technology Awards 2019: All the Winners and Why They Won
- Wavelength Podcast Episode 161: Gerard Francis of Bloomberg
- Sell-Side Technology Awards 2019: Best Data Provider to the Sell Side—FactSet
- Data Standardization Remains Top ESG Roadblock
- Banks and Bourses Increasingly Combine Cloud, AI for Data Projects
Back to Top