How long does it take to get an LEI Code?
Table of Contents
- Issue times and how to receive it on the same day
- The InfoCamere FastLEI service
- Advantages of the FastLEI service
Discover the LEI Code issue times and how to receive it on the same day.
The LEI Code (Legal Entity Identifier) is an essential tool for businesses operating on financial markets, as it allows unambiguous identification of legal entities at global level. Its importance has grown considerably over recent years, with international regulations that increasingly require it when carrying out financial operations of various types. But how long does it take to get an LEI Code? And which factors influence the issue time?
One of the fastest ways to get the LEI Code is through the FastLEI service, provided by InfoCamere, which has proved to be a fast, reliable option for issuing or renewing this identifier. InfoCamere offers a standard LEI Code issuing service, and has also created FastLEI for all those requiring the code even faster.
The InfoCamere FastLEI service: obtain the LEI Code on the same day
Thanks to FastLEI, it is possible to obtain or renew the LEI Code on the same day, on condition that the request be completed within a set time. In fact, if the activation or renewal procedure for the legal entities registered with relevant registrations authorities is completed within 3 p.m. (GMT+1), FastLEI guarantees the issue of the LEI Code on the same day. This is a great advantage for businesses that urgently need to obtain or renew their LEI Code in order to carry out important operations without delay.
What happens if the request is sent after 3 p.m. (Central European Time)?
If the request is completed after 3 p.m. (Central European Time), although the issue of the LEI Code cannot be guaranteed on the same day, the FastLEI service continues to be extremely efficient. In this case, the code will be issued within 12 noon on the following day at the latest. Consequently, even if the procedure is started late, the wait to obtain the LEI Code is still minimal.
Standard issue times and advantages of the FastLEI service
Normally, if an LEI Code is requested without priority it can take from one to four working days, depending on the accuracy of the information provided and whether the necessary documents are uploaded. However, the FastLEI service stands out for its speed and simplicity of use, guaranteeing much faster response times compared with market standards.
The main advantage offered by FastLEI is undoubtedly the certainty of receiving the LEI Code on the same day, provided that the request is submitted on time. This is particularly useful for those businesses operating in a dynamic context, where time is a critical factor and even a small delay may make it impossible to take part in crucial financial operations.
Another advantage is the ability to obtain the LEI certificate (link to the certificate page) free of charge. With the FastLEI service it is possible to obtain the document containing all the information of the LEI code for free, which can be used to prove the validity of the code to banks or other intermediaries and to facilitate data sharing with commercial partners. The InfoCamere LEI certificate has a value of 10 Euro if it is purchased in association with an LEI Code activation or annual renewal plan, whereas it is also free of charge if a three-year plan is selected.
How does the procedure work?
The procedure to obtain the LEI Code via FastLEI is simple and can be completed online. Simply access the dedicated portal, fill in the form with the data required and send the request. If all the data is correct and complete, the verification process is started immediately, allowing the LEI Code to be received very quickly.
