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The Global Legal Entity Identifier Foundation (GLEIF) has created a linking solution to certify the mapping of S&P Global Company ID to the legal entity identifier (LEI).
Through the collaboration with GLEIF, stakeholders can continue to use S&P Global Market Intelligence's cross reference mapping solution, which includes the S&P Global Company ID.
According to GLEIF, this identifier is the primary key in S&P Global’s cross reference services and will be supplemented by LEI data via a GLEIF-certified link.
The move is designed to increase broad accessibility to key entity identifiers used globally, promote interoperability between parallel identifier systems, and help to streamline entity verification processes for data consumers everywhere.
GLEIF will publish the S&P Global Company ID to LEI mapping pairs via LEI search 2.0, which will be updated on a weekly basis. This will allow users to map the standardised and proprietary identities across datasets.
Stephan Wolf, CEO at GLEIF, says: “Collaborations such as this are crucial to the future security and integrity of global markets. The mapping of open LEI data to S&P’s Global Company ID will streamline the process of gathering, aggregating and reconciling counterparty information for a huge number of organisations worldwide.
“The LEI is gaining traction as a key data connector, creating interoperability between the world’s identifier systems with the aim of making the highest quality reference data obtainable to all. Today we take another confident step in the right direction and look forward to guiding more data vendors through the certification process.”
Andreas Hoepner, member and head of data for the platform on sustainable finance at DG FISMA, European Commission, adds: “Mapping the LEI to the S&P Global Company ID reflects the financial ecosystem’s advancements towards more transparent and efficient practices.
“By enabling streamlined compliance and allowing for more accurate regulatory reporting, data users around the world can establish confidence in their interactions faster than ever before.”
