DTCC and SWIFT take top spot in TABB ranking 19 August 2014New York Reporter: Catherine Van de Stouwe
Image: Shutterstock
Depository Trust & Clearing Corporation (DTCC) and SWIFT have been ranked first in the inaugural TABB Group ranking for Q2 2014 with a total comprehensiveness score of 94 percent.
The exclusive, quarterly comprehensiveness ranking of the 14 legal entity identifier (LEI) providers across the world’s financial centres is based on data validity and size and will better identify firms and counterparties engaged in financial transactions.
TABB bases its LEI Comprehensiveness on five metrics: validity points (number of entries x total comprehensiveness); total comprehensiveness; regional comprehensiveness; field record completeness; and US record validity.
DTCC/SWIFT took top spot, with WM Datenservice in second and the London Stock Exchange in third.
“We want to…congratulate the DTCC/SWIFT LEI facility for being the highest ranked LEI provider for the second quarter of 2014,” says TABB Group founder and CEO Larry Tabb. “We also want to…recognise WM Datenservice and the London Stock Exchange, which round out the top three providers based upon the quantity of entries and their comprehensiveness percentage.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 