I need a “LEI” code, what is it?
“LEI” stands for “Legal Entity Identifier” and is a unique 20-character code that identifies a legal entity such as a limited company, trust or any organization engaged in financial market transactions. All legal entities engaged in financial activities must obtain an LEI.
For example, if a company invests in stocks, ETFs or derivatives, it must have an LEI. This identifier ensures that transactions are linked to a recognized and verified entity, increasing transparency and reducing the risk of fraud.
There are several websites offering LEI registration, but “LEIservice” is one of the cheapest options.
In short, the LEI is a sign of transparency and trust in the financial markets. Whether you are a multinational, a local company or a charity, having an LEI is essential to participating in financial transactions.