Get your LEI number today
Call us at +91-7405139809 to get your LEI number today.
What is an LEI?
An LEI or Legal Entity Identifier is a unique code, consisting of 20 symbols, that allows for identification within the global financial system. An LEI code is issued to a company just once and is unique.
Who is obliged to request an LEI code?
According to the Mifid II directive 2014/65/EL, LEI codes are mandatory for all legal entities who trade in securities. The Reserve Bank of India has mandated the use of LEIs by all companies trading in OTC markets for Rupee Interest Rate derivatives, foreign currency derivatives and credit derivatives in India. Mandatory use of LEIs was phased in between August 1, 2017 and March 31, 2018, as per the RBI Notification dated June 1, 2017.
How long does it take to issue an LEI code?
An LEI number is typically issued within 24 hours after we receive your signed power of attorney. Payment can be made within 30 days after submitting the order. If the legal structure of the company (consolidation group) is complex and additional information is required, it may take longer to issue the number.
Why do you need an LEI code?
Companies that operate within jurisdictions that mandate the use of LEIs will need to obtain one before they are allowed to transact on the financial market within that jurisdiction. The RBI has mandated the use of LEIs by large corporate borrowers and legal entities operating within certain financial markets.
How are LEI codes issued?
The purpose of LEI codes is to make it easier to identify a counterparty in financial transactions. The issuance of codes is regulated by the global umbrella organisation GLEIF (Global Legal Entity Identifier Foundation).