Comparing LEI with Other Business Identifiers
Many different types of business identifiers exist across various jurisdictions and industries. Understanding how Legal Entity Identifiers (LEIs) compare to these other identifiers can help clarify when and why you might need an LEI.
LEI vs. D-U-N-S Number
D-U-N-S (Data Universal Numbering System) numbers are proprietary identifiers issued by Dun & Bradstreet.
| Feature | LEI | D-U-N-S |
|---|---|---|
| Issuing Authority | Global LEI Foundation (through LOUs) | Dun & Bradstreet |
| Ownership | Public good | Proprietary |
| Access to Data | Free and open | Paid subscription required |
| Primary Use | Financial transactions and reporting | Credit reporting and supplier management |
LEI vs. EIN
Employer Identification Number (EIN) is a tax identifier used in the United States.
| Feature | LEI | EIN |
|---|---|---|
| Issuing Authority | Global LEI Foundation (through LOUs) | Internal Revenue Service (IRS) |
| Jurisdiction | Global | United States only |
| Primary Purpose | Financial transaction identification | Tax reporting and employment tracking |
| Renewal Requirement | Annual renewal required | No renewal required |
LEI vs. VAT Number
Value Added Tax (VAT) numbers are tax identifiers used in many countries, particularly within the European Union.
| Feature | LEI | VAT Number |
|---|---|---|
| Issuing Authority | Global LEI Foundation (through LOUs) | National tax authorities |
| Primary Purpose | Financial transaction identification | Tax collection and reporting |
| Standard Format | Yes (20 characters) | Varies by country |
| Public Database | Yes | Limited access |
LEI vs. Company Registration Number
Company Registration Numbers are assigned by local business registries when a company is incorporated.
| Feature | LEI | Company Registration Number |
|---|---|---|
| Issuing Authority | Global LEI Foundation (through LOUs) | Local business registries |
| Global Standardization | Yes | No |
| Connection to Other Entities | Yes (Level 2 data shows relationships) | No |
| Primary Use | Financial market transactions | Legal identification within jurisdiction |
Why the LEI is Unique
The LEI stands out from other identifiers because it:
- Is globally standardized
- Is freely accessible to all
- Contains verified data
- Shows corporate ownership structures
- Is mandated by financial regulations
While other identifiers may be sufficient for specific contexts, the LEI is uniquely designed for the global financial system, offering transparency and risk management capabilities that other identifiers cannot provide.
