In a volatile world with rising fraud and identity theft, establishing a legal identity is an important prerequisite for building trust in the global marketplace. The Legal Entity Identifier (LEI) is a 20-character, alpha-numeric code that enables a clear and unique identification of legal entities participating in financial transactions. Each LEI contains information about an … Continue reading How to Transfer Your LEI Code to India’s LOU ‘LEIL’?
In today’s business landscape, Legal Entity Identifiers (LEIs) have become essential for identifying legal entities engaged in financial transactions globally. Therefore, the expiration or lapse of your LEI can have significant consequences for your business. In this blog post, we will explore the implications and potential challenges that arise when your LEI lapses and highlight … Continue reading What Happens When a Legal Entity Identifier (LEI) Lapses?
On February 6th, 2023, India’s Minister of Finance, Dr. Bhagwat Karad, responded to an unstarred question (PDF) from the Parliament regarding “Corporate Borrowers,” which mentioned the Legal Entity Identifier (LEI). In his answer, Dr. Bhagwat Karad stated that Public Sector Banks (PSBs) have informed that “17,234 non-individual / group borrowers have furnished their Legal Entity Identifier … Continue reading 17,234 corporate borrowers have furnished their Legal Entity Identifier (LEI) code
Several national, regional, and other identifiers are being used to cover specific needs in business, but the Legal Entity Identifier stands out compared to them because it is truly global and has already been adopted by many regulatory authorities across the world. The Legal Entity Identifier (LEI) is a 20-character, alphanumeric code that uniquely identifies … Continue reading Legal Entity Identifier (LEI) as a Gold standard
Growing regulatory enforcement of the LEI across India promotes an identifier that can open doors to global trade and finance opportunities for the region’s MSMEs Author: Xue Tan, Head of Business Development for Asia region at the Global Legal Entity Identifier Foundation (GLEIF) The Legal Entity Identifier’s (LEI) star is rising in India. A wave … Continue reading Spotlight on India: A Rise in LEI Mandates Offers MSMEs a Springboard for Growth