Legal Entity Identifier (LEI/GMEI)

The Global Legal Entity Identifier (LEI) System is a 20-character, alpha-numeric code issued by the International Organization for Standardization (ISO). It provides a clear and unique identification of legal entities participating in financial transactions, which helps to answer the questions of ‘who is who’ and ‘who owns whom’. The LEI data pool, which is publicly available, works as a global directory, leading to greater transparency in the global market.

Companies can benefit greatly from the LEI system, as it encourages them to take advantage of new opportunities and help streamline processes. Having an LEI helps firms to stay compliant with regulations and reduce the risk of reputational damage or fines due to non-compliance. Applying for an LEI GMEI number is easy and straightforward with SCG, enabling companies to maximize the potential of entity identification in financial markets and other areas. Ultimately, an LEI allows firms to make the most of their existing opportunities and find new ones, improving their overall performance.