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What’s a CUSIP Worth? Over US$1B in Class Action Win

March 14, 2022 By Chris Kentouris Leave a Comment

If you think you have been fleeced by CUSIP Global Services and others for paying licensing fees for nine-digit alphanumeric identification codes for US securities you might be entitled to a chunk of at least US $1 billion in compensation if a jury decides you’re right. All you must do is be part of an […]

Filed Under: Compliance, Data, Operations, Regulations, Reporting, Standards Tagged With: Compliance, CUSIP, Data, Post-Trade, Regulators, Reporting, Standards

ISINs for OTC Derivatives: Is Licensing an Issue?

September 25, 2017 By Chris Kentouris Leave a Comment

Update 9/25/2017: Financial firms using ANNA’s new Derivatives Service Bureau to receive ISIN codes for OTC derivatives can expect to receive rebates for overpaying far more quickly, DSB officials now say. Likewise, financial firms will also have to fork over more money if they have underpaid. Instead of waiting until the end of 2018 to recalculate […]

Filed Under: Clearing, Compliance, Data, Derivatives, Infastructure, Regulations, Reporting, Slider, Standards, Trading Tagged With: Compliance, CUSIP, Data, Derivatives, EMIR, ESMA, MiFID, Post Trade, Regulators, Reporting, Standards, Swaps

Numbering Agencies Invest in New OTC ISIN Bureau  

April 21, 2017 By Chris Kentouris Leave a Comment

Swap dealers and other financial market players can now rest assured that a new numbering agency for over-the-counter derivatives contracts will have sufficient funding to be launched just in time to meet the reporting requirements of the second incarnation of Europe’s Markets in Financial Instruments Directive (MiFID). That doesn’t mean they will be entirely satisfied with who the Association […]

Filed Under: Compliance, Derivatives, Reporting, Rules, Slider Tagged With: Compliance, CUSIP, Data, Derivatives, ESMA, MiFID, Reporting, Swaps

News to Use: Citi, DTCC and CUSIP Global Services

March 31, 2015 By Chris Kentouris Leave a Comment

Limboland in Argentina?: Fund managers and global custodians relying on Citibank as their local agent bank in Argentina remain in limbo as to whether or even how Citi will be able to exit the subcustody business in that country. As of press time, FinOps Report was unable to verify whether Citi would still be shutting […]

Filed Under: Custody, Investments, Regulations, Reporting, Slider Tagged With: Brokerage Ops, CUSIP, Custodians, Depositories, Fund Ops, Hedge Funds, Investment Ops, Regulators, Reporting, Swaps

US SEC: Will It Finally Address CUSIP Fees?

October 7, 2014 By Chris Kentouris Leave a Comment

After years of complaining about the fees they are paying for the issuance and use of CUSIP codes, issuers of fixed-income securities and the financial firms which use the securities identifiers may finally have found a friend at the US Securities and Exchange Commission. The US regulatory agency isn’t investigating CUSIP Global Services’ licensing fees […]

Filed Under: Data, Investments, Reporting, Slider, Standards Tagged With: CUSIP, Data, SEC

Bloomberg’s FIGIs: Can Data Giant’s IDs Usurp ISINs as Global Standard? (Updated)

September 15, 2014 By Chris Kentouris Leave a Comment

ISIN — the 12-digit alphanumeric international securities identification code and longstanding standard for identifying securities for cross-border trading and post-trade processing — is facing an unlikely competitor, a proprietary code designed by commercial data giant Bloomberg. The 27-member board of directors of the Object Management Group (OMG), an international organization concerned with data integration standards, is set to […]

Filed Under: Data, Operations, Post-Trade, Slider, Standards Tagged With: Brokerage Ops, Corporate Actions, CUSIP, Data, Fund Ops, Investment Ops, Middle Office Ops, Standards

Global LEIs: A ‘Virtual’ Turn of Events?

January 9, 2014 By Chris Kentouris Leave a Comment

With little information emerging from the Regulatory Oversight Committee (ROC) on how a central operating unit (COU) would work as part of a global initiative for new identification codes for business entities, market consensus appears to have emerged suggesting a virtual model for data distribution is the best way to move forward. Under such a […]

Filed Under: Data, Infastructure, Innovation, Regulations, Risk, Slider, Standards Tagged With: CUSIP, Data, DTCC, FIX, Innovation, LEI, Standards. FSB

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