In this article, we’re going to discuss and learn more about LEI code or numbers.
The LEI is a 20-character alpha-numeric identifier produced by the International Organization for Standardization and based on the ISO 17442 standard (ISO). It connects to essential reference data, allowing for the unambiguous and distinct identification of legal organisations involved in financial transactions. Each LEI offers information on a company’s ownership structure, answering the queries “who is who” and “who owns whom.” Simply said, the publicly accessible LEI data pool serves as a global directory, considerably increasing openness in the global market.
The LEI data collection, which is open to the public, is a one-of-a-kind key to standardised information about legal organisations around the world. The information is recorded and checked on a regular basis in accordance with protocols and processes.
What is an LEI code?
- The LEI code (Legal entity identifying code) is a particular identifier code for participants in the economic industry (stocks, futures, bonds, etc.)
- Every market transaction will be linked to the other counterpart via an LEI.
- Regulators use it to keep an eye on the financial markets.
- LEI is a platform that connects financial markets, businesses, and regulators.
- The issuance