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A-Team Insight Blogs

CGS and Ipreo Extend Partnership to Streamline Identifier Issuance for new Securities in Equity and Fixed Income Markets

Cusip Global Services (CGS) and Ipreo are building out an existing relationship in the US municipal market to allow users of Ipreo’s security issuance software in global equity and fixed income markets to automatically submit requests for Cusip and ISIN identifiers through the company’s global cross-asset class book building system. Once created, the identifiers are automatically populated back into the Ipreo system and distributed to sell-side and buy-side participants involved in a new issue offering.

The companies have provided direct connectivity to the US municipal market for 20 years and plan to go live with the service for global equity and fixed income markets within the next couple of months.

Bill Sherman, executive vice president and managing director of global data strategy at Ipreo, explains: “Timely access to industry recognised identifiers is an essential component of every new issue transaction. The Cusip integration is in line with our ongoing commitment to provide solutions that better connect market participants and streamline the capital raising process.”

Scott Preiss, vice president and chief operating officer at CGS, adds: “As a standards practitioner with over 45 years of experience, CGS is committed to making it as easy as possible for market participants to secure Cusips and related descriptive data as part of their natural workflow. We have been successfully working with Ipreo in the municipal space for years, and we’re delighted to extend this level of integration to the equity and fixed income markets.”

The partnership between CGS and Ipreo is similar to CGS’s agreement with DTCC on Cusips and Legal Entity Identifiers (LEIs). This arrangement was made in 2013 and allows CGS to offer issuers the ability to apply for both Cusip identifiers and Global Markets Entity Identifiers – the LEI codes provided by DTCC and Swift as a Local Operating Unit in the global LEI system – through a single interface.

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