Legal Entity Identifier (LEI) - Financial definition
Financial acronyms
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Concise definition of the term Legal Entity Identifier
A Legal Entity Identifier is a 20-character alpha-numeric code that uniquely identifies legal entities that engage in financial transactions.
Comprehensive definition of the term Legal Entity Identifier
Registration and renewal of LEIs are made through so-called Local Operating Units (LOUs), which are accredited by the Global Legal Entity Identifier Foundation (GLEIF).
Once issued a LEI is valid for one year, and needs to be renewed each year before its expiry date.