CGS to offer ISIN-to-LEI mapping for US and Candian Securities
23 September 2019 New York
Image: Shutterstock
CUSIP Global Services (CGS) has created a new mapping capability to provide linkages between international securities identification numbers (ISIN) and their corresponding legal entity identifiers (LEIs) for newly issued and legacy securities in its ISIN database.
The new ISIN-to-LEI mapping capability was developed to support the Association of National Numbering Agencies, of which CGS is a founding member, and Global Legal Entity Identifier Foundation (GLEIF), mapping initiative, which was initiated to improve transparency and counterparty risk exposure in the global financial markets.
CGS ISIN-to-LEI is free to use and available immediately at no cost and will be available on the GLEIF website.
The ISIN is a global standard for identifying securities from more than 120 different nations in a machine-readable, 12-character alphanumeric code based on the ISO standard 6166, CGS explained.
A LEI is a 20-character, alphanumeric code based on the ISO standard 17442, which created a universal code for identifying the ownership structure of entities around the world.
According to CGS, the new tool will allow market participants to gain a clear view of their securities exposure within a given issuer and its related entities.
Scott Preiss, managing director and global head of CUSIP global services for S&P Global Market intelligence, commented: "The underlying mission of the LEI, from its conception in the wake of the financial crisis, was to create an easy-to-use and widely accessible standard for identifying underlying entity exposures. By linking the ISIN directly to the entity-level data in the LEI, we are taking an important step forward to enable risk management systems to more accurately capture entity exposures within a securities portfolio."
Robin Doyle, GLEIF board member, added: "From a market user perspective, having a GLEIF-certified connection between identification standards that enables firms to aggregate data about securities exposure in relation to individual issuers and related entities delivers a peace of mind that was simply not available a decade ago.”
CGS works to identify instruments and entities to support efficient global capital markets, and this new initiative aims to improve transparency and counterparty risk exposure in the global financial markets.
It is responsible for issuing and maintaining ISINs for over 35 markets in North, South, Central America and the Caribbean.
The new ISIN-to-LEI mapping capability was developed to support the Association of National Numbering Agencies, of which CGS is a founding member, and Global Legal Entity Identifier Foundation (GLEIF), mapping initiative, which was initiated to improve transparency and counterparty risk exposure in the global financial markets.
CGS ISIN-to-LEI is free to use and available immediately at no cost and will be available on the GLEIF website.
The ISIN is a global standard for identifying securities from more than 120 different nations in a machine-readable, 12-character alphanumeric code based on the ISO standard 6166, CGS explained.
A LEI is a 20-character, alphanumeric code based on the ISO standard 17442, which created a universal code for identifying the ownership structure of entities around the world.
According to CGS, the new tool will allow market participants to gain a clear view of their securities exposure within a given issuer and its related entities.
Scott Preiss, managing director and global head of CUSIP global services for S&P Global Market intelligence, commented: "The underlying mission of the LEI, from its conception in the wake of the financial crisis, was to create an easy-to-use and widely accessible standard for identifying underlying entity exposures. By linking the ISIN directly to the entity-level data in the LEI, we are taking an important step forward to enable risk management systems to more accurately capture entity exposures within a securities portfolio."
Robin Doyle, GLEIF board member, added: "From a market user perspective, having a GLEIF-certified connection between identification standards that enables firms to aggregate data about securities exposure in relation to individual issuers and related entities delivers a peace of mind that was simply not available a decade ago.”
CGS works to identify instruments and entities to support efficient global capital markets, and this new initiative aims to improve transparency and counterparty risk exposure in the global financial markets.
It is responsible for issuing and maintaining ISINs for over 35 markets in North, South, Central America and the Caribbean.
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