Legal Entity Identifier
A Legal Entity Identifier (or LEI), is a unique 20-character code that identifies distinct legal entities that engage in financial transactions.[1] The LEI is a global standard, designed to be non-proprietary data that is freely accessible to all.[2] Over 435,000 legal entities from more than 195 countries have now been issued with LEIs.[3]
History
The LEI system was developed by the G20,[4] in response to the inability of financial institutions to identify organisations uniquely, so that their financial transactions in different national jurisdictions can be fully tracked.[5] The first LEIs were issued in December 2012.[6]
Code Structure
| Structure of LEI codes | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | ... | 18 | 19 | 20 | |||||||
| LOU- Code |
Res- erved |
Entity- Identification |
Check- sum |
||||||||||||||||
| G.E. Financing GmbH | |||||||||||||||||||
| 5493 | 00 | 84UKLVMY22DS | 16 | ||||||||||||||||
| Jaguar Land Rover Ltd | |||||||||||||||||||
| 2138 | 00 | WSGIIZCXF1P5 | 72 | ||||||||||||||||
| British Broadcasting Corporation | |||||||||||||||||||
| 5493 | 00 | 0IBP32UQZ0KL | 24 | ||||||||||||||||
The technical specification for LEI is ISO 17442.[7] An LEI consists of a 20-character alphanumeric string, with the first 4 characters identifying the Local Operating Unit (LOU) that issued the LEI. Characters 5 & 6 are reserved as '00'. Characters 7-18 are the unique alphanumeric string assigned to the organisation by the LOU. The final 2 characters are checksum digits.[8]
References
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