Clearing Member

Field 1.16 | Matching Date: n/a | Tolerance: n/a | Agent Lender Data Provision: No>

Status: Best Practice Finalised, Last Updated: 26/04/2021

Field 1.16 | Matching Date: n/a | Tolerance: n/a | Agent Lender Data Provision: No

Description:
In the case where the trade is cleared, the responsible clearing member shall be identified in this field by a unique code

Best Practice:
Where an SFT is cleared and Field 2.5 (Cleared) equals "TRUE", this field represents the clearing member at the CCP therefore; the Agent Lender or the Principal and shall contain a valid LEI recognised by GLEIF. The LEI shall pertain to a legal entity and not a branch.

The status of the LEI for all message templates, can be either:

• Issued

• Lapsed

• Pending Transfer

• Pending Archival (SFTR-18)