A consistent identity across systems
Banks, brokers, repositories and counterparties can match the same public GLEIF record instead of relying only on local names and registry formats.
Why it matters
Why your company may need an LEI
An LEI gives financial institutions and regulators one public identifier for the same legal entity across markets and borders.
Some transactions require it
A missing or non-current LEI can delay onboarding, prevent a broker from executing a trade or cause a regulatory report to fail validation.
Current data matters
A Lapsed status means the entity data has not been reconfirmed by the renewal date. The code remains assigned, but counterparties may reject it. Renew before it lapses.
It is an identifier, not an endorsement
An LEI identifies a legal entity and the status of its record. It does not assess credit quality, legitimacy or investment risk.
One public answer to “which legal entity is this?”
The LEI system was created after the financial crisis to make legal entities easier to identify across markets. Keeping the reference data current preserves that value. Multi-year plans combine one payment with annual confirmations by LEIFast for the selected term.