Yes. The CTM service provides CD and commercial paper security cross-referencing where one counterparty represents as a SEDOL and the other as an ISIN. If the underlying security is the same, the CTM service matches on the field.
The security identifier is not always available in the cross-reference database. In this case, both counterparties must provide the same explicit instrument code and type for the trade to pair/match
In other words, for investment managers, your options are as follows:
- Wait to receive your broker/dealer's alleged trade
- Book a trade using the matching code
- Amend the trade later in its lifecycle to match on the security code provided by your counterparty