About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Telekurs Financial Implements IBEI Codes

Subscribe to our newsletter

Broadening the adoption of a standard identifier for business entities, Telekurs Financial has implemented the International Business Entity Identifier (IBEI) codes for its Valordata Feed (VDF) and its financial display Telekurs iD. The vendor has been working on this implementation since June 2007 in order to allow European customers to identify participants in the processing chain of cross-border securities trading via IBEI codes.

Eight European countries have so far adopted the IBEI, but it has failed to gain the backing of countries such as the UK and the US during the second ballot on its introduction last year. The countries that have adopted the standard currently comprise Switzerland, France, Luxembourg, Liechtenstein, Belgium, Germany, Austria and Spain.

Telekurs has thrown its weight behind promoting wider use of the standard in Europe and reports that it has been strengthening its cooperation with the National Numbering Agencies with this in mind.

“The industry has been struggling for the last 10 years to agree on an IBEI concept. Telekurs Financial believes that the scheme of the IBEI code, as implemented by various Numbering Agencies, is an important step towards helping the global financial industry standardise the securities processing chain and thereby minimise the inherent operational risks of financial transactions,” says Nourredine Yous, head of data quality and development at Telekurs Financial.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data management for analytics and market surveillance

The financial services industry is starting to harness the potential of Big Data analytics to gain insights that can yield competitive advantage. At the same time, market surveillance has emerged as a major requirement for trading firms across the board as regulations like MiFID II and Market Abuse Regulation (MAR) push both buy- and sell-side...

BLOG

Private Markets Data Opportunities Under the Microscope: Webinar Preview

As institutional asset managers accelerate their allocations into private markets, they often find themselves facing an alien landscape when it comes to data. Used to the data-driven systems that power public capital markets, investors in private markets, including private equity and private credit as well as alternatives such as property, must contend with greater opacity,...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Entity Data Management & the LEI

Just over a year since the Financial Stability Board handed over leadership and direction of the interim Global Legal Entity Identifier System – or GLEIS – to the Regulatory Oversight Committee (ROC) of the LEI the entity identifier is being used for reporting under European Market Infrastructure Regulation. This report discusses recent developments in the...