Transfer - LEI.net

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LEI number transfer/renew

Duration: 1 years

Cost: 5900₹

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FAQs

Clients often ask us the following questions

What is an LEI transfer?

To have your LEI number managed by another provider, you have the option to request a transfer, then it is called LEI transfer. We offer this service with our transfer form, this is free of charge and can be completed in a few minutes.

How does the LEI transfer work?

As a customer, all you need to do is fill out and submit the transfer form on our website. We will then contact your current provider and take care of the transfer internally within the GLEIF family. You will receive a message from us as soon as the transfer is completed.

What is an LEI number?

LEI is the abbreviation for Legal Entity Identification. It is an identification number that legal entities must provide when making a financial transaction. This number makes it easy to provide the partner with the desired data during a financial transaction. A process that is otherwise very lengthy takes only a few minutes when using an LEI. The LEI number is issued by the GLEIF (Global Entity Identifier Foundation). This organization has been in existence since 2014, operates on a transnational basis and is headquartered in Basel. All data of LEI number holders is stored in a central database. This is called Global Lei System or GLEIS for short.

How can I apply for an LEI number?

GLEIF is the organization that issues the LEI number. It can be applied for either at so-called LOUs or via registration agents. Simply fill in the required information and submit your application form. After we receive your payment, it will take a maximum of 24 hours for your LEI number to be active. We offer several payment options to make the process as smooth as possible. If you need the LEI number very urgently for a financial transaction, make sure you choose a payment option that will make your payment instantaneous. The LEI number is valid for one year. After that you can renew the LEI number. It is also possible to sign a contract for several years, then you do not need to worry about renewing your LEI number.

Why does the LEI number exist at all?

With an LEI number, customer registration is much easier. With every financial transaction, a lot of data has to be entered. With the LEI number, everything involved saves a lot of time. A financial transaction always involves a certain amount of risk. That is why everyone involved wants to know exactly who they are dealing with. The LEI number provides this information quickly and reliably.