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LEI stands for Legal Entity Identifier. It is a unique 20-character alphanumeric code used to identify legal entities engaging in financial transactions globally.

Android Apps Development Services
LEI stands for Legal Entity Identifier. It is a unique 20-character alphanumeric code used to identify legal entities engaging in financial transactions globally. The LEI system was introduced as a result of the 2008 financial crisis to improve transparency and mitigate risks in the financial markets.
Each LEI code is linked to specific legal entity details, including its name, registered address, and ownership information. The code is standardized and maintained by Global Legal Entity Identifier Foundation (GLEIF), ensuring consistency and accuracy across all registered entities.
Financial institutions, corporations, and other legal entities involved in financial transactions, such as buying or selling securities, are typically required to obtain an LEI. This identifier helps regulators, market participants, and authorities to monitor and identify entities involved in financial transactions, enhancing the overall transparency and stability of the global financial system.
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