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ARTICLE · 22 MARCH 2021

Note On Legal Entity Identifier

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Global Legal Entity Identifier Foundation (GLEIF), a not for profit organisation headquartered in Basel, Switzerland, was established in the year 2014 to support the implementation and use of the...

GlobalFinance and Banking
Alpha Partners
Alpha Partners

Global Legal Entity Identifier Foundation (GLEIF), a not for profit organisation headquartered in Basel, Switzerland, was established in the year 2014 to support the implementation and use of the legal entity identifier (LEI) across the globe.

The LEI is a 20-character, alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). LEI is used to uniquely identify and link parties to financial transactions worldwide, thereby increasing transparency to manage counterparty risk involved in such financial transactions.

Eligibility criteria for entities to obtain LEI

The following entities are required to obtain a LEI in terms of the various notifications issued by the Reserve Bank of India:

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