Legal Entity Identifier Code

The Legal Entity Identifier (LEI) Code is a globally recognized, 20-character alphanumeric code that uniquely identifies legal entities involved in financial transactions. Mandated by regulators worldwide, including the Reserve Bank of India (RBI), its primary purpose is to enhance transparency and improve the quality of financial data systems for better risk management. Obtaining an LEI is crucial for non-individual entities engaged in large-value transactions, cross-border dealings, or those operating within specific financial markets, ensuring compliance and fostering greater trust. The registration process typically involves submitting company details and relevant documents to an accredited Local Operating Unit (LOU) like LEIL in India. An LEI empowers entities with a global “business card,” streamlining identification and strengthening the integrity of the financial ecosystem.