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      • Legal Entity Identifier

      Legal Entity Identifier

      • Posted by upschacks
      • Categories Blog
      • Date January 6, 2021
      • The Legal Entity Identifier (LEI) is a unique global identifier for legal entities participating in financial transactions
      • An individual person may not obtain an LEI.
      • The identifier is used in regulatory reporting to financial regulators and all financial companies and funds are required to have an LEI.
      • The identifier is formatted as a 20-character, alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO).
      • It connects to key information that enables clear and unique identification of legal entities participating in financial transactions.
      • In India, LEI code may be obtained from Legal Entity Identifier India Ltd (LEIIL), a subsidiary of the Clearing Corporation of India Limited (CCIL), which has been recognised by the Reserve Bank as issuer of LEI under the Payment and                    Settlement Systems Act, 2007 and is accredited by the GLEIF as the Local Operating Unit (LOU) in India for issuance and management of LEI.

       

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