Legal Entity Identifiers

Important changes affecting the trading and reporting of over-the-counter derivative instruments will soon be in force.

Desjardins would like to inform you that, effective October 31, 2014, Canadian participants in the derivative instruments market will be required to comply with new regulation concerning the reporting of over-the-counter (OTC) derivatives transactions to central repositories designated by Canadian regulatory authorities.

In this vein, Desjardins Group will be required to report any pending or conclusive data pertaining to OTC derivatives, such as an option, a swap or a forward contract, to a central repository as of October 31, 2014.

These regulatory requirements require you to obtain a Legal Entity Identifier (LEI) to be able to continue OTC derivatives trade, thereby avoiding any interruption in our trading activities.

For more information on this new regulation:

To obtain an LEI:

Once you have obtained your LEI, you must send your duly completed Canadian Representation Letter provided by the International Swaps and Derivatives Association (ISDA) and a copy of the LEI confirmation email to your account manager by September 30, 2014.

If you have any questions or concerns about this new regulation, your Desjardins account manager can help.

You can also visit the websites of the following provincial regulatory authorities: