| Markit has developed a comprehensive set of entity identifers to unify disparate data, processing and communications platforms in the loan market. |
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| Product summary: |
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| The primary objective of Markit Entity Identifers (MEIs) is to provide global coverage of entities in the loan market and their relationships. MEIs are issued using an ISO standard format to increase transparency and standardisation. |
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| Key benefits: |
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| Markit with its banking partners have agreed to produce a standard set of entity identifers
to be used in the loan market |
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| Using the ISO IBEI standard below, MEIs will increase transparency in the loan market |
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| 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 identifers |
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| Key functions: |
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| Through a partnership with DTCC Loan/SERV, the platform will use MEIs to reconcile positions between the agent banks and the buy side |
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| Markit will integrate MEIs into Markit Document Exchange (MDE), Markit WSOData and
its future initiatives in electronic trading and settlement |
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| The MEI database will link currently disparate identifers including Markit RED™,
Markit LoanX IDs, and other standard identifers providing a map for electronic
communication |
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