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Many thanks for the good advice in advance, everything was to our satisfaction.

Barbara A. Lei.net

Lei.net is recommendable. The application and delivery of our LEI number took place on the same day. My questions in advance were solved in a friendly and competent manner.

Robert W. Lei.net

With LEI.NET, my LEIs were approved very quickly and efficiently. Very friendly and efficient service. I would recommend them to anyone who needs LEI.

Margarethe K. Lei.net

Great advice, first class service. Thank you very much for their efforts. Highly recommended company for LEI issues.

Torben L. Lei.net

Everything went very quickly and easily. The staff spoke perfect German and English and was very friendly. All I had to do was send in a completed form. After a few minutes, everything was done.

Sabrina S. Lei.net

Simple and transparent pricing

India LEI enables you to apply for a code for up to five years

India LEI s customers only pay for applying for or renewal of the LEI code. Updating data, transferring the LEI code or other activities related to the code are all free of charge for our customers.

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Frequently Asked Questions

Questions you may have in mind

What is LEI?
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A Legal Entity Identifier (LEI) is a unique 20-digit alphanumeric identifier used to identify legal entities operating in the global financial market uniquely. The LEI was developed to increase transparency in the financial sector and minimise risks. Every transaction on the financial markets can be uniquely assigned to the trading partner via an LEI, which helps regulators monitor and regulate the financial market. The Global Legal Entity Identifier Foundation (GLEIF) is the organisation that sets the standards and protocols for the issuance and management of LEIs.

What is a LOU?
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An LOU, or Legal Entity Identifier (LEI) Operating Unit, is an organisation that is authorised to issue and manage LEIs. The LEI is a unique 20-digit alphanumeric identifier used worldwide to identify legal entities involved in financial transactions uniquely. LOUs play an essential role in the global LEI system, overseen by the Global Legal Entity Identifier Foundation (GLEIF). LOUs ensure that the data quality and integrity of LEIs remain high by capturing and maintaining accurate and up-to-date information about the legal entities they register. This increases transparency and efficiency in the global financial markets.

What means GLEIF?
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The Global Legal Entity Identifier Foundation (GLEIF) is a Basel-based transnational foundation established by the Financial Stability Board in 2014 to support implementing and using the Legal Entity Identifier (LEI) system worldwide. GLEIF oversees the issuance and management of LEIs by local operating units (LOUs) and ensures that data quality and integrity remain high. GLEIF enables companies and authorities to access a reliable source of legal entity identification, leading to greater transparency and efficiency in the global financial markets. The organisation also offers various services and tools to facilitate access to LEI data and optimise its use.

What does GLEIS mean?
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The Global Legal Entity Identifier System (GLEIS) is an international database for uniquely identifying legal entities involved in financial transactions. The GLEIS was developed to increase transparency and security in the global financial markets by enabling the standardised and reliable identification of companies. At the centre of the GLEIS is the Legal Entity Identifier (LEI), a unique 20-digit alphanumeric identifier. The Global Legal Entity Identifier Foundation (GLEIF) oversees and manages the system, while local operating units (LOUs) are responsible for issuing and managing the LEIs. The GLEIF ensures that the LEI data is consistent and trustworthy worldwide. Anyone can access the database free of charge.

For what purposes do you need an LEI code?
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The Legal Entity Identifier (LEI) was introduced to increase transparency in the global financial system. The LEI is a unique 20-digit code that identifies financial market participants. Using the LEI, companies and supervisory authorities can analyse risks and interconnections in the financial system more efficiently and precisely. The introduction of the LEI strengthens trust and security in the financial markets by enabling transactions to be clearly identified and tracked. The LEI is, therefore, a key tool for improving data quality and regulatory reporting worldwide.

How long does it take for an LEI code to be approved?
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As a rule, the LEI number is issued within 24 hours of receipt of the order. More information may result in delays in the allocation of an LEI.

Who needs a LEI number?
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All participants in financial transactions require an LEI number. This applies to, among others:

  • Corporations, their subsidiaries and branches
  • Foundations and funds
  • Non-profit organisations
  • Public institutions and authorities
  • Sole proprietors
  • Banks;
  • investment companies, insurance companies, funds and other organisations that buy, sell or issue financial instruments such as shares, bonds or derivatives.

The LEI is also required for organisations that are subject to statutory reporting requirements in certain jurisdictions, such as compliance with MiFID II in Europe or the Dodd-Frank Act in the US.

How long can you use an LEI?
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A Legal Entity Identifier (LEI) is valid for one year and must be renewed annually. This ensures that the data linked to the LEI remains up-to-date and correct, which is crucial for the transparency and reliability of information in the global financial system. Therefore, organisations must renew their LEI promptly to ensure the validity and availability of their identification data.

What happens when the LEI expires?
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If a Legal Entity Identifier (LEI) expires, the annual renewal deadline has passed, and the legal entity’s data in the LEI system may no longer be current. An expired LEI remains in the Global Legal Entity Identifier System (GLEIS) but is marked as “lapsed”. The consequences of an expired LEI are

  • Restricted use: many financial service providers and regulators require a valid LEI for reporting and transactions. An expired LEI could lead to difficulties or delays in these activities.
  • Reduced transparency: Data integrity and quality may be compromised, reducing the transparency and traceability of financial transactions.
  • Compliance risks: Companies that are required to maintain a valid LEI could breach regulatory requirements if they fail to renew it, exposing them to legal and financial risks. To avoid these problems, it is essential to renew the LEI
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