Get LEI code to Identify Business Globally.
Global legal entity identifier number in a standardized form. Governed by the GLEIF - Global Legal Entity Identifier Foundation. Endorsed by G20 countries.
Secure Financial Transactions with LEI code
ISO 17442 - all organizations are eligible for the LEI code. It is needed by any legal entity whose activities incorporate financial transactions.
LEI code Level 2 Data
Who Owns Whom
Level 2 data enables the identification of the direct and ultimate parents of a legal entity and vice versa.
Legal Entity Identifier (LEI) is a unique code to identify any company worldwide participating in financial transactions. The process is done in accordance with the international standard ISO 17442. The goal is to help monitor and measure systemic risk and effectively and inexpensively support compliance with regulatory reporting requirements.
The Regulatory Oversight Committee (ROC) is the international oversight body regulating the assignment of codes to the Global LEI System. ROC, in turn, established the Global LEI Foundation (GLEIF), an organization entrusted with the maintenance and development of GLEIS, as well as the accreditation of companies claiming to perform the functions of the Local Operating Unit (LOU) for the assignment and maintenance of LEI codes.
All organizations working in international markets have long faced the problem of correct counterparty identification. With every country having its own company ID system time and resources were wasted in the verification and reconciliation of numerous company IDs. This issue came prominently to light after the financial crisis of 2008 when systemically important institutions and their subsidiaries (think Lehman Brothers for example) could not be consistently identified on global markets.
In the crisis aftermath G20 created and endorsed a global system of identification of legal entities, which should not only identify participants in financial transactions but also assess the financial risks of transactions using information about the company stored in the global GLEIS system and regularly updated by the company. The G20 instructed the Financial Stability Board to develop an international infrastructure that, under the control of the ROC, provided a solution to these problems.
It valued the need to unify the formats of financial transactions and the need to increase the transparency of companies involved in these operations. LEI numbers increase the control and manageability of systemic risks in the financial market by regulators and supervisors.
The entity code allows you to uniquely identify a legal entity. It works for both the local market level and when performing transactions in other countries and internationally. Today no LEI means no trade.
|LOU Identifier||Reserver characters||Entitity Identifier||Verification ID|
|Four character prefix allocated uniquely to each LOU||Two reserved characters set to zero||Entity-specific part of the code generated and assigned by LOUs according to transparent, sound and robus allocation policies||Two check digits as described by ISO 17422|
The entity code allows you to uniquely identify a legal entity. It works for both the local market level and when performing transactions in other countries and internationally. No LEI means no trade.
GetLEI is an accredited Registration Agent (RA) by Global Legal Entity Identifier Foundation (GLEIF) to assign LEI identification codes. The LEI code is assigned to a legal entity only at its request or at the request of persons authorized by it. There is no need to get code to Private persons. LEI codes assigned by GetLEI are included in the international GLEIF database, where we transmit them in the format established by Global Legal Entity Identifier Foundation (GLEIF) via our strategic LOU partner.
The data is publicly available and you can use our LEI search/lookup tool to check issued codes and entities. It takes on average 5 minutes (check estimate for your region) to see your new LEI in the database . The LEI data shows basic information about the legal entity defined by the ISO 17442 standard, including the official name, registration address and other data. Level 2 information is also disclosed on the parent companies of LEI owners and their relationships with subsidiaries through LEI codes.
Using the LEI code allows you to: