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Southern Silver Assigned Legal Entity Identifier Number by Deutsche Borse Group
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2017) - Southern Silver Explorati...
About this update from Southern Silver Exploration Corp.
[{"type":"text","content":"Southern Silver Assigned Legal Entity Identifier Number by Deutsche Borse GroupVancouver, British Columbia--(Newsfile Corp. - December 12, 2017) - Southern Silver Exploration Corp. (TSXV: SSV) (OTCQB: SSVFF) (FSE: SEG1) announces that it has been assigned the Legal Entity Identifier (\"LEI\") number 529900VY7ZZW0FTRGM33. The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pinpointing systemic risks.About the Legal Entity Identifier (LEI)The Legal Entity Identifier (LEI) number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (e.g., companies, banks, and investment funds). It is used to comply with a variety of financial reporting requirements. The Deutsche Bӧrse Group has stated that \"the LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets, (but) it can also be utilized by counterparties internally for risk management purposes.\"Southern Silver meets the requirement for all companies listed on German Stock Exchanges to have an LEI number by January 3, 2018. Lawrence Page, President, Manex Resource Group stated, \"Southern Silver and other companies under the Manex Resource Group banner have had a long history of being listed and actively trading on one or more stock exchanges or trading platforms within Germany. We are dedicated and pleased that trading of our shares on the German exchanges will continue without any hindrances. \"According to the website of the Deutsche Bӧrse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices. (See http://deutsche-boerse.com/dbg-en/regulation/regulatorytopics/legal-entity-identifier).About Southern Silver Exploration Corp.Southern Silver Exploration Corp. is a precious metal exploration and development company with a focus on the discovery of world-class mineral deposits in north-central Mexico and the southern USA. Our specific emphasis is the Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple w...