Launch of new LEI Search API

26/10/2020

New LEI Finder released to reduce LEI Lapsed Rates

LEI Worldwide have released a new LEI Search tool which allows you to navigate the LEI index, access the global LEI database and find any Legal Entity Identifier in real time.

The Securities Lending Times recently spoke with Director at LEI Worldwide about the development and the need for such a tool in the LEI market.

With as much as 30 percent (500,000) of legal entity identifiers globally are out of date and in need of renewal, the LEI Checker now allows you to check the LEI status and renew your LEI instantly.

Visit the lei search tool

The SLT article continues to say "Last week, the Commodity Futures Trading Commission fined Morgan Stanley $5 million for a range of swaps reporting failures between 2013 and 2018, including incomplete LEIs. “Upon further investigation, we realised that Morgan Stanley Capital Services had a lapsed LEI between 2013 and 2018. It is quite simple to renew the LEI, and it is possible they did not realise it had lapsed,” says Hayes.

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Facilitating the global allocation of LEI numbers.

LEI Worldwide facilitate entity identification in the global financial system, capital markets and private sector. We make the process accessible and simple for Legal Entities to obtain Legal Entity Identifier numbers. By doing this we help facilitate the global allocation of LEI numbers. It is our mission to be the one point of contact globally between Legal Entities & LOU’s and ensuring the LEI becomes the Worlds most important identifier.