An LEI code search provides important information based on the ownership structure of the company. As such, it can be used to determine „who is who“ and „who belongs to whom.“ Thus, an LEI search essentially gives you access to a global directory of participants that exists in the financial market. Alternatively, you could simply be an important member of the financial industry. If this is the case, you must ensure that the information provided by a legal entity identifier is accurate and valid. In general, an LEI code is required for any legal entity involved in financial transactions or wishing to trade in the financial markets (purchase of shares, bonds or other securities). There are many regulations (depending on the jurisdiction) where the use of LEI is required or highly recommended. One of the advantages of a freely accessible global LEI system is that anyone can search for legal entities registered in the database. Our LEI search tool can be used for this purpose. The complete information available in an LEI search includes a company`s ownership structure, LEI issuance, and registered office address. An LEI code search will also display the LEI issuance date, amended dates and potential renewal date and verification status. To get started, simply enter a business name in the LEI search bar below. Ultimately, though, an LEI code lookup will give you the security you need.

Such research will reveal a code of international currency. In this way, it is possible to discover everything from financial fraud to market manipulation. Other interruptions are also easily detectable when you perform an LEI search and access relevant information. ISO 17442 defines a set of attributes or reference data for legal entities, which are the main identifiers. The minimum reference data that must be provided for each LEI code is referred to as Level 1 data. The purpose of the entity identifier is to provide standardized information about participants in the global financial system. The LEI was created to provide transparency about who is who and who owns whom. If you use LEI search results and are only interested in results from a specific country, you can use the country filter to filter and sort LEIs alphabetically by country/jurisdiction. The LEI search uses the ISO country code, e.g. GB for the UK. If you`re not sure which country code you need, you can find it online. When performing an LEI search, it is important to note that the identifier is a 20-digit code.

This was determined on the basis of ISO 17442. It ensures that at the end of an LEI code search, there is a clear and unambiguous identification of all companies involved in a financial transaction. As mentioned earlier, it is possible for anyone to access an LEI search tool. With the right information, you can find any existing LEI. Level 1 data includes legal name, jurisdiction, registered ID, legal address and registered office address. In addition, Level 1 data contains the details of the registration – the date of initial registration, the date of the next renewal and the LOU (Local Business Unit) of management. More importantly, the status of the LEI code is also described. To use the LEI code, the status must be issued. Now, you need to understand everything that a legal entity ID search can discover and what it is for.

As you can see, there are many advantages to conducting such research. This can help reduce the risk often associated with financial transactions or help a company calculate an established risk. LEI`s search function is extremely easy to use and works even if the exact LEI code is not known for another legal entity. For example, a partial LEI code can be entered and the search function automatically suggests potential results. Alternatively, the name of the legal entity may be entered. This also has an autosuggest feature that makes it easy to find the right entities. During the 2007-09 financial crisis, companies, regulators and policymakers struggled to quickly track the risks and links between Lehman Brothers and other financial firms, highlighting the need for a globally recognized identifier for legal entities. In this context, „legal persons“ are corporations, corporations, partnerships, trusts, governments and other types of entities with „legal personality“ (sometimes including sole proprietorships and sometimes even natural persons „acting in a professional capacity“), but not „natural persons“ (i.e. individuals).

The most common choice for legal entities is one-year registration. After applying for an LEI, the number is assigned and can be made available to other legal entities in financial transactions. Alternatively, partners and financial institutions can search by business name to find the LEI code and associated information.