The Legal Entity Identifier — One code, globally recognised.
Guidance on the Legal Entity Identifier: which entities need one, which transactions require it, how the code is maintained and what happens when it lapses.
Book Free ConsultationThe Legal Entity Identifier is a twenty-character code that identifies a legal entity uniquely in financial transactions worldwide. It exists so that counterparties, regulators and banks can identify who is actually on the other side of a transaction.
In India its use has extended progressively — to large value transactions, to borrowers above certain exposure thresholds, and to participants in certain markets. N D Savla & Associates advises entities in Nashik and across Maharashtra on whether the requirement applies to them.
The most common problem is not obtaining the code but keeping it current. An LEI requires periodic renewal, and a lapsed code can hold up a payment or a facility at exactly the moment it is needed.
Our Legal Entity Identifier Services
Applicability Assessment
Assessment of whether the requirement applies to the entity and its transactions.
Reference Data Preparation
Preparation of the entity reference data required for the code.
Parent Entity Mapping
Mapping of direct and ultimate parent relationships where applicable.
Documentation Assembly
Assembly of the constitutional and identification documents required.
Bank Coordination
Coordination with the bank where the code is required for a facility or payment.
Renewal Advisory
Advice on the renewal cycle and the consequences of allowing it to lapse.
Data Correction
Correction of reference data where it no longer reflects the entity.
Group Coordination
Coordination where several entities in a group require codes.
Our Process
Requirement Check
The entity's transactions and exposures are tested against the thresholds.
Data Assembly
Reference data, constitutional documents and parent details are compiled.
Application
The application is prepared and submitted with the supporting documents.
Verification
Queries on the reference data are resolved through to issue of the code.
Renewal Calendar
The renewal date is calendared with responsibility assigned.
Why It Matters
Frequently Asked Questions
Been asked for an LEI by your bank?
We'll confirm whether it actually applies, assemble the reference data and get the code issued.
