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GLEIF continues LEI push with mapping of S&P Global Company ID to the identifier

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The Global Legal Entity Identifier Foundation (GLEIF) continues to promote use of the LEI through a collaboration with S&P Global Market Intelligence that certifies the mapping of the S&P Global Company ID to the LEI. GLEIF says links like this increase the value of the LEI by extending its connectivity to the world’s entity identifier systems.

In the past few weeks, GLEIF has expanded its relationship with Swift by certifying the mapping of Swift’s Market Identifier Code (MIC) to the LEI, and extended the LEI Validation Agent Scheme with Sparkasse Bank Malta and Diligencia.

GLEIF’s collaboration with S&P Global Market Intelligence allows users to continue to use the vendor’s cross-reference mapping solution, including the S&P Global Company ID, which will be supplemented with LEI data via a GLEIF-certified link. This, like previous efforts, is designed to increase broad accessibility to key entity identifiers, promote interoperability between parallel identifier systems, and help improve entity verification processes for data consumers.

“Collaborations like this are crucial to the future security and integrity of global markets,” says Stephan Wolf, CEO at GLEIF. “The mapping of open LEI data to S&P’s Global Company ID will streamline the process of gathering, aggregating and reconciling counterparty information for a huge number of organisations worldwide.”

GLEIF will publish the S&P Global Company ID to LEI mapping pairs via LEI search 2.0, which will be updated on a weekly basis. This will allow users to simultaneously map the standardised and proprietary identities across more than 200 datasets. More than 98% of the global LEI population is now linked to its respective S&P Global Company ID.

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