LEI NUMBER PURPOSE AND APPLICATION
The Legal Entity Identifier (LEI) number is a unique alphanumeric code used to identify legal entities participating in financial transactions. It serves a crucial role in financial regulation, risk management, and Know Your Customer (KYC) processes.
WHAT IS LEI?
LEI is a 20-character code designed to provide clear and unique identification of legal entities. It Is a global standard recognized by financial institutions, regulators, and businesses worldwide.
LEI CODE REGISTRATION AND RENEWAL
To obtain a LEI number, entities need to go through a registration process with authorized LEI issuers. This process involves verifying and updating entity information. Regular LEI renewal ensures the accuracy and relevancy of LEI data. For your LEI application, please click below.
WHO NEEDS AN LEI NUMBER ?
In the business world, various entities, including corporations, trusts, and government bodies, may require a LEI code. It is necessary for those involved in financial transactions, trading on financial markets, or complying with regulatory requirements.
WHAT IS THE ISO FORMAT FOR LEI?
The ISO standard for LEI is ISO 17442. It dictates the structure and format of LEI codes, ensuring consistency and ease of use across the globe.
LEI IN BANKING AND KYC
LEI plays a critical role in banking, especially in the KYC (Know Your Customer) process by which financial institutions and businesses verify and confirm the identity and reliability of their customers. It helps banks and financial institutions and assess risks associated with financial transaction.
LEI VERIFICATION AND SEARCH
LEI verification is the process of confirming the accuracy of LEI information. It ensures that LEI data remains up to date, reducing the risk of errors in financial transactions.
CHOOSE ID LEI
In summary, the Legal Entity Identifier (LEI) is a vital tool in the financial world, offering a standardized way to identify legal entities. Its usage extends from regulatory compliance to risk management, making it essential for businesses and financial institutions alike.
WE ARE FOUNDING MEMBER OF EBRA
The European Business Registry Association, EBRA, is an international no-profit organisation.
EBRA was founded in April 2019 as a result of the coalition of the European Business Register and the European Commerce Registers' Forum. This association is working to establish an international community of business registries that collaborate on common initiatives.
InfoCamere, as Business Register founding member, works consistently to ensure high levels of data quality.
EBRA was founded in April 2019 as a result of the coalition of the European Business Register and the European Commerce Registers' Forum. This association is working to establish an international community of business registries that collaborate on common initiatives.
InfoCamere, as Business Register founding member, works consistently to ensure high levels of data quality.
