Identification of a Security Used as Collateral

Field 2.78 | Matching Date: 2020-04-01 | Tolerance: None | Agent Lender Data Provision: Yes>

Status: Best Practice Finalised, Last Updated: 07/06/2021

Field 2.78 | Matching Date: 2020-04-01 | Tolerance: None | Agent Lender Data Provision: Yes

Description:
Identifier of the security used as collateral.

Best Practice:
Where no ISIN (due to events such as corporate actions or a private placement) has been provided then whatever temporary ISIN is in place (or blank field) should be populated.

With regards to missing ISINs; See ESMA Final Report Reporting under Articles 4 and 12 SFTR: 06 January 2020 :

332. While ESMA acknowledges that there may be cases where securities used as collateral might be issued by issuers that are not subject to the EU rules obliging them to obtain LEIs, and that similarly there may be instances in which a security cannot be identified with an ISIN, ESMA reiterates the importance of a correct identification of the issuer and issuance through the LEI and the ISIN in the context of SFTR reporting. (SFTR-98)