Basics & Definitions
What is it?
What is an LEI number?
A Legal Entity Identifier, or LEI, is a unique 20-character alphanumeric string that functions effectively as a global identity card for businesses. D...
What does LEI stand for?
LEI is the acronym for 'Legal Entity Identifier.' It represents a standardized global reference data system intended to uniquely identify distinct leg...
Who is responsible for the LEI system globally?
The Global Legal Entity Identifier Foundation (GLEIF), a supra-national non-profit organization headquartered in Switzerland, is tasked with the opera...
What is the format of an LEI code?
Adhering to the ISO 17442 standard, the code is structured as a 20-character alphanumeric string. The first four characters identify the Local Operati...
Is an LEI the same as a VAT number?
No, they are fundamentally different identifiers. A VAT number is strictly for tax purposes within specific jurisdictions, whereas an LEI is a global ...
Is an LEI the same as a company registration number?
While both identify a company, a registration number is local—issued by national registries like Companies House or the Chamber of Commerce. In contra...
What information is stored in the LEI database?
The Global LEI System maintains two tiers of data: 'Level 1' data answers the question 'who is who,' providing legal names, addresses, and registratio...
Are LEI codes public information?
Absolutely. One of the core tenets of the Global LEI System is transparency; consequently, the entire database is open to the public, unrestricted and...
Why was the LEI system created?
In the wake of the 2008 financial crisis, regulators realized that identifying parties to transactions across different jurisdictions was dangerously ...
What is a Local Operating Unit (LOU)?
LOUs are the accredited organizations authorized to issue LEI codes. They act as the primary interface for legal entities wishing to obtain an LEI, va...
What is GLEIF?
GLEIF stands for the Global Legal Entity Identifier Foundation. Established by the Financial Stability Board, it is the guardian of the LEI system, en...
Can an individual person get an LEI?
Generally, no, as the system is designed for legal entities. However, individuals acting in a business capacity—such as sole traders or independent me...
Is an LEI unique to my company?
Yes, the code is entirely unique and exclusive to your legal entity. Once assigned, that specific alphanumeric string will never be re-assigned to ano...
Do LEI codes change over time?
The 20-character code itself is permanent and does not change, even if you move your LEI management to a different provider. However, the data attache...
What is the difference between Level 1 and Level 2 data?
Think of Level 1 data as a digital business card: it details the entity's name, registration number, and address. Level 2 data goes deeper, revealing ...