… well, think again, as the DTCC confirmed a whopping 65,000 entities have been registered and certified via the CFTC Interim Compliant Identifier (CICI) utility until April 10th, the deadline imposed by the CFTC to get such an identifier if you want to continue trading in the swaps market. This number includes market participants from over 100 jurisdictions with a little more than half of it coming from the US. Let's hope that all those CICI's will translate in 'full-blown' LEI's once the mandated federated model is up-and-running. Oh, and a handsome fee for the DTCC and SWIFT (who run the portal together) is also involved 65,000 times $200 each equals $13,000,000… More information in this Waters Technology article. On this matter, and also from Water's Technology, this article gives some insight into why a growing number of pre-local operating units are set to begin issuing entity identifiers and why they have taken on the task, what challenges they face and how they plan to leverage their existing capabilities. A huge market indeed – the swap market that is… Tom.