GLEIF and SWIFT Introduce the First Open Source BIC-to-LEI Relationship File to Allow for Interoperability Across Multiple ID Platforms
The Global Legal Entity Identifier Foundation (GLEIF) has published the first monthly relationship file that matches a Business Identifier Code (BIC) assigned to an organization against its Legal Entity Identifier (LEI). With the launch of this open source file, GLEIF and SWIFT have pioneered a cooperation model that, for the first time, enables market participants to link and cross-reference these key entity identifiers free of charge. This will significantly streamline entity verification processes and reduce data management costs.
To download the BIC-to-LEI relationship files, click here.