1. The LEI code is the most important global identifier.
The LEI was created as a result of the 2008 financial crisis to deliver strong organization identity for counter-parties.
LEIs protect citizens during market crises by providing understanding of dependencies and risk exposure.
Endorsed by the G20 and the Financial Stability Board, and regulated by the Global LEI Foundation (GLEIF).
2. The LEI enables compliant, cross-border transactions.
NO LEI, NO TRADE : non-compliance with certain regulations risks fines and no-trade penalties.
LEIs are made mandatory by MiFID, MiFIR, Dodd-Frank Act, EMIR and many other regulations.
New regulations mandating LEI inclusion go live every month.
3. The LEI code enables trust in your organization's legitimacy and identity.
Data providers and credit check organizations utilize LEIs in Know-Your-Customer (KYC) on-boarding, and client identity refresh processes.
Missing LEIs cause disruptions in business activities, deals, and transactions.
LEIs are the primary connector between all the regional and private sector organization identifiers.
4. LEI records contain valuable, accurate, and transparent identity data attributes.
Both humans and machines can verify the LEI.
The entire LEI database is open and searchable via web, full dataset download, or API.
LEIs provide up-to-date organization identity.
The LEI is the only identifier to connect parent and children organizations.
LEIs support multiple languages for names and addresses.
5. LEIs enable applications to utilize your strong organizational identity.
LEIs are included in electronic / digital signatures, documents, press releases, site seals, QR codes, bar codes, and more.
Human & machine-readable XBRL Digital Signatures are linked to LEI for permanent certainty about integrity of document such as annual reports and financial statements.
LEIs are now included in x.509 digital certificates.
LEIs will be included in SWIFT transactions in the new ISO payment standard.