Every so often something comes along that makes us all instantly wonder how we ever survived without it. When it comes to the financial industry, the perfect example of this is an LEI number or a Legal Entity Identifier.
What Is an LEI Number?
Most brilliant ideas have an air of simplicity about them. When it comes to LEI numbers, this is most definitely the case.
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An LEI number identifies legal entities that are involved in financial transactions. It is a twenty digit code that comes along with reference data. LEI numbers identify legal identities around the world. It is a global system. By connecting financial data in an organization via an LEI, financial institutions massively improve their flow of data with company structures. In addition… Read More