DTCC Press Release: CICI Portal Registers and Certifies over 1,100 Legal Entities in First Weeks of Operation

The Depository Trust Clearing Corporation (DTCC) and SWIFT announced that their CICI Utility web portal has registered and certified more than 1,100 legal entities since August 21 (the date it went live). CICI Utility was jointly established to provide legal entity identifiers, which can be used by the financial industry to satisfy CFTC reporting requirements.

At some point after October 12, the CFTC will begin mandating the use of CFTC Interim Compliant Identifiers (CICIs) for trading in OTC credit and interest rate derivatives. This requirement will apply to swap asset classes after mid-January 2013.

View press release in full here (links externally to DTCC website).