The Financial Instrument Global Identifier (FIGI) has been adopted by Deutsche Bank to identify syndicated loans that sit in collateralised loan obligations (CLOs) and other credit based structures.
By adopting the FIGI standard, asset managers supported by Deutsche Bank’s Corporate Trust businesses now have the ability to easily identify loans and create comprehensive reports to help investors better understand the performance of their investments.
Originating from Bloomberg’s Open Symbology, the Financial Instrument Global Identifier (FIGI) is an open data standard and unique identifier of financial instruments that can be used across all global asset classes, including syndicated loans, common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products. On 1st December, The Object Management Group (OMG), a non-for-profit technology standards consortium, officially adopted the FIGI as the standard methodology for identifying financial instruments, such as syndicated loans in CLOs.
“We continue to see the adoption of the FIGI for syndicated loans and the inclusion by Deutsche Bank is further evidence that the industry is looking to deliver more transparency to this market,” Mark Betteridge, Global Product Manager, Syndicated Loans Bloomberg.