LEGAL ENTITY IDENTIFIERS
What is a Legal Entity Identifier (LEI)?
A legal entity identifier (LEI) is a unique 20-digit alphanumeric code used to identify the entities in a financial transaction. Your global LEI is publicly-available information about your company that becomes part of a global directory for worldwide transparency and helps to maintain the integrity of financial institutions.
Approximately 1.2 million entities all over the world have a unique LEI, issued by Local Operating Units (LOUs) of the Global Legal Entity Identifier Foundation (GLEIF), a not-for-profit organization headquartered in Basel, Switzerland.
How To Obtain A Legal Entity Identifier
COGENCY GLOBAL is authorized as an LEI Registration Agent by GLEIF. We have partnered with GMEI, the world’s largest LOU, which enables us to submit and maintain registrations for you in every jurisdiction.
If your entity is required to obtain an LEI, the COGENCY GLOBAL team can complete the entire registration process on your behalf on an expedited basis and navigate initial business validation. After filing, we’ll follow up as needed, until an LEI is assigned, typically within 3-5 days (standard service) or within 1 to 2 days (expedited service).
We also keep track of your required annual information maintenance to ensure your LEI remains active at all times.
Business Entity Data (BED) B.V., a wholly owned subsidiary of DTCC, owns and operates the Global Market Entity Identifier Utility (GMEI) and is the Legal Entity Identifier (LEI) solution run by Business Entity Data (BED) B.V., a wholly owned subsidiary of DTCC. In its Registration Agent capacity, COGENCY GLOBAL is a partner of GMEI.
Established by the Financial Stability Board in June 2014, the Global Legal Entity Identifier Foundation (GLEIF) is tasked to support the implementation and use of the Legal Entity Identifier (LEI). The foundation is backed and overseen by the LEI Regulatory Oversight Committee, representing public authorities from around the globe. GLEIF is headquartered in Basel, Switzerland.
Get Your Legal Entity Identifier Code
For more information on LEIs check out our short video below or feel free to get in touch with us to learn more about our LEI services. Call us directly or fill out the form to the right: