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INFOCERT GLEIF ACCREDITATION
InfoCert has come to complete GLEIF accreditation in December 2019 and is a Local Operating Unit (LOU)
Accreditation is the process by which the Global Legal Entity Identifier Foundation (GLEIF) evaluates the suitability of organizations seeking to operate within the Global LEI System as issuers of Legal Entity Identifiers (LEIs) and custodians of LEI reference data.
LEGAL ENTITY IDENTIFIER (LEI)
The Legal Entity Identifier (LEI) is a 20-character, alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO).
It connects to key reference information that enables clear and unique identification of legal entities participating in financial transactions.
Each LEI contains information about an entity’s ownership structure and thus answers the questions of ‘who is who’ and ‘who owns whom’.
Simply put, the publicly available LEI data pool can be regarded as a global directory, which greatly enhances transparency in the global marketplace.
Becoming a member of the Global LEI System via GLEIF accreditation is a globally recognized designation of commitment to data quality and customer service.
LOCAL OPERATING UNIT (LOU)
An organization authorized to issue LEIs to legal entities participating in financial transactions is referred to as a Local Operating Unit (LOU).
LOUs supply registration, renewal and other services, and act as the primary interface with legal entities for LEIs.
A LOU may issue LEIs to legal entities in any jurisdiction for which it is accredited.
To request/transfer an LEI with InfoCert or update their data, LEgal Entities can refer to our banking partners.