Identifiers will place significant technology demands on industry, say dealers

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The first versions of the ‘legal entity identifier' (LEI), a 20-digit code that will be used to identify every financial institution that reports derivatives trades to central repositories under the US Dodd-Frank Act, will be published online early this week as market participants prepare to meet regulatory deadlines set by the Commodity Futures Trading Commission (CFTC). Provisional legal entity identifiers have been developed by the Brussels-based Society for Worldwide Interbank Finan