1.
Vendors’ needs must reflect the needs of their clients.
2.
Vendors are now asked to set up unique security objects for the following reasons:
a.
Legal differences
(144A, REG-S, Accredited Investor, ERISA/Non-ERISA, Refunded/Non-Refunded)
b.
Multiple trading venues
that maintain transaction history
c. Multiple
currencies
d.
Multiple credit risk (insured, not insured)
e.
Multiple forms of same security (book entry, registered, bearer)
3.
The reasons for "register"
level uniqueness in identification, unrelated to special forms of the security,
have not been clearly demonstrated.
