DTCC subsidiary Avox creates legal portal 10 August 2012New York Reporter: Georgina Lavers
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Avox Limited, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC), has launched an enhanced legal entity data portal.
“The site enables free, unrestricted access to core data fields and standard industry identifiers for a global set of legal entities that are of interest to financial institutions throughout the world,” said a statement from the company.
“The enhanced AvoxData web portal empowers Avox clients with capabilities not previously available with our traditional due diligence services,” said Ken Price, CEO and co-founder of Avox.
“Functions ranging from a free lookup service for basic entity data through to a more comprehensive due diligence service make this a compelling site for any firm faced with the growing number of entity-based regulatory reporting requirements.”
AvoxData offers dynamic entity search and aggregation. Publicly available data attributes include legal name, primary place of business, country of incorporation, trading status, entity type, Avox ID (AVID) and, where available, the CFTC Interim Compliant Identifier based on the ISO 17442 standard.
Included in AvoxData’s entity coverage are OTC derivative market participants, a feature that supports OTC transaction reporting requirements.
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