Is a Global Intermediary Identification Number (“GIIN”) an accepted identifier to generate a foreignTIDType for a foreign legal entity?
No. CAT CAIS does not accept the GIIN for the foreignTIDType because the GIIN does not guarantee uniqueness as an Input Identifier to generate a foreignTIDType. Industry Members must obtain either a National Registration or Tax Identifier (‘NATIONALID’), Legal Entity Identifier (‘LEI’), or another Government Issued Identifier (‘OTHGOVT’) from the customer in order to generate a foreignTIDType for a foreign legal entity.
See FAQ Q63 for more information regarding how FDID Records should be reported to CAIS when the account holder is a foreign trust or foreign estate with no Input Identifier.