Access and Use LEI Data
The Legal Entity Identifier (LEI) enables clear and unique identification of legal entities engaging in financial transactions. Implementation of the LEI increases the ability of authorities in any jurisdiction to evaluate risk, conduct market surveillance and take corrective steps. Use of an LEI also generates tangible benefits for businesses including reduced counterparty risk and increased operational efficiencies.
The business card information available with the legal entity reference data, e.g. the official name of a legal entity and its registered address, is referred to as ‘Level 1’ data. It provides the answer to the question of ‘who is who’. The LEI data pool is currently being enhanced to include the ‘Level 2’ data that answers the question of ‘who owns whom’.
The drivers of the LEI initiative, i.e. the Group of 20, the Financial Stability Board and many regulators around the world, have emphasized the need to make the LEI available for the wider public good. This is contingent upon ensuring easy access to the global LEI population.
GLEIF has also published the Global LEI Index. It provides information, updated daily, on all LEIs issued to date. The Global LEI Index, together with the LEI search engine developed by GLEIF, puts the complete legal entity reference data, made available by GLEIF as the authoritative source, at the disposal of any interested party conveniently and free of charge. The Global LEI Index is the only online source for open, standardized and high quality legal entity reference data with the potential to capture any entity engaging in financial transactions globally. The information supplied with the Global LEI Index is currently based on the data included with the Level 1 LEI-Common Data File Format Version 1.0 Concatenated File.
With the LEI Statictics, GLEIF offers key facts and figures on the global LEI population via interactive graphs and a world map drill down.
In addition, GLEIF publishes the quarterly Global LEI System Business Report, which highlights main trends relevant to the adoption of the LEI and provides in-depth analysis of the LEI data pool. Specifically, the reports assess annual growth and renewal expectations, evaluate the level of competition between LEI issuing organizations operating in the Global LEI System and analyze LEI renewal rates and reference data corroboration.
The GLEIF data quality management program allows the quality of the LEI data pool (the publicly available information on legal entities identifiable with an LEI) to be monitored, assessed and further optimized.
The centralized challenge facility made available by GLEIF extends the ability to trigger updates of LEI data to all interested parties.