Imagine this: You are a manufacturing business importing crucial components from an overseas supplier. Everything looks fine on the surface—company registration numbers match and the paperwork checks out. But months down the line, a fraud scandal breaks, and your supplier vanishes. You are left stranded, with losses that could have been avoided. This may be … Continue reading Unlock Clarity in Complex Supply Chains with the Legal Entity Identifier (LEI)
Tag Archives: LEI Code
Top 5 reasons Why you Need to get Your LEI Today!
In today’s connected financial landscape, the Legal Entity Identifier (LEI) has emerged as an indispensable tool for businesses globally. With more than 200 regulations worldwide mandating its use in the financial sector, capital markets, and for international trade, the LEI has solidified its reputation as one of the most critical instruments for regulatory compliance. However, … Continue reading Top 5 reasons Why you Need to get Your LEI Today!
How to Transfer Your LEI Code to India’s LOU ‘LEIL’?
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’?
What Happens When a Legal Entity Identifier (LEI) Lapses?
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?
17,234 corporate borrowers have furnished their Legal Entity Identifier (LEI) code
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