LEI (Legal Entity Identifier) Registration

DEFINITION

A Legal Entity Identifier (LEI) is a 20-character alphanumeric code used to uniquely identify legal entities involved in financial transactions. It is a global standard developed by the Global Legal Entity Identifier Foundation (GLEIF) to enhance transparency in financial markets.

BENEFITS

    • Enhanced Transparency & Trust
      • Increases trust and credibility in financial transactions by uniquely identifying legal entities.
    • Regulatory Compliance
      • Required by regulators in financial sectors, including MiFID II/MiFIR (EU), Dodd-Frank Act (USA), and others.
    • Global Recognition
      • Standardized globally, making it easier to do business internationally.
    • Improved Risk Management
      • Helps financial institutions assess counterparties, reducing fraud and financial risk.
    • Faster Transactions & Reporting
      • Streamlines financial reporting and transaction processes, reducing delays and errors.
    • Cost Savings & Efficiency
      • Reduces duplication of KYC (Know Your Customer) efforts and simplifies regulatory reporting.
 
     
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