GoldenSource has announced a new data connection to support the Association of National Numbering Agencies (ANNA) and Global Legal Entity Identifier Foundation (GLEIF) initiative to link International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs).
The combined ANNA and GLEIF initiative, set up to increase transparency of trading exposure by connecting the issuer and issuance of securities, allows market participants to aggregate the data required to gain a clear view of their securities exposure within a given issuer and its related entities. This means that the LEI, relating to any ISIN, can now easily be identified – removing any uncertainty as to whether the LEI relates to the correct entity within a financial institution.
Commenting on the connection, Volker Lainer, Vice President of Product Management at GoldenSource, said: “Reporting the incorrect LEI for the issuer is now no longer acceptable from a transaction reporting perspective in this post-MiFID II era. But beyond MiFID II, more and more market participants are using the LEI as the foundation for how their entity master is established. By supporting the ANNA initiative through our new connection, firms will not only be able to validate the information they receive from their data provider, but crucially ensure that they no longer match dozens of LEIs with the wrong entity level.”