| Markit has developed a comprehensive set of entity identifiers to unify disparate data, processing and communications platforms in the loan market. |
|
| Product summary: |
|
| The primary objective of Markit Entity Identifiers (MEIs) is to provide global coverage of entities in the loan market and their relationships. |
|
| Key benefits: |
|
|
| Markit with its banking partners have agreed to produce a standard set of entity identifiers
to be used in the loan market |
|
|
| Using the IBEI standard below, MEIs will increase transparency in the loan market |
|
|
| Markit WSO has a robust set of loan data, strong market relationships and recognised
execution capability to allow a fast delivery of a comprehensive set of entity identifiers |
|
|
| Key functions: |
|
|
| Through a partnership with DTCC Loan/SERV, the platform will use MEIs to reconcile positions between the agent banks and the buy side |
|
|
| Markit will integrate MEIs into Markit Counterparty Manager (MCPM), Markit WSOData and
its future initiatives in electronic trading and settlement |
|
|
| The MEI database will link currently disparate identifiers including Markit RED™,
Markit LoanX IDs, and other standard identifiers providing a map for electronic
communication |
|
|
.gif) |
|
