What are the prices for LEI numbers?

To benefit from longer active LEI periods, we recommend that you select the multi-year option. We automate the annual renewal process if you choose 2-5 year LEIs, eliminating the risk of LEIs expiring. The automated verification process ensures that legal entity data is up to date and meets GLEIF criteria every year, without the LEI holder needing to participate in the process. Compared to buying one year at a time, multi-year LEIs offer significant savings.

LEI number price - LEI code structure
Image created by Market Business News

Prices with LEI numbers

A renewal of LEI costs the same as a new LEI application. LEI number prices at LEI Service includes customer service in English. If the legal entity changes, the LEI number fee includes free updates. This ensures that the LEI information displayed in the GLEIF LEI database is always up to date and accurate.

What types of payments are accepted?

Individual legal entity identifiers can be purchased quickly by credit card. We have created the EnterpriseLEI solution for Volume / Bulk LEIs. Buying in bulk (for your own business or customers) results in lower prices and lower billed purchases. EnterpriseLEI offers discovery, bulk download, automated renewal and API access capabilities, as well as expedited LEI service.

What does LEI cost pricing include?

Price of the first registration or renewal with a reasonable charge for the duration. GLEIF fees are already included in the price. The GLEIF surcharge is currently $ 11 per request for one year.

Please note that ALL costs are included in our prices. If you are comparing prices with another service provider, make sure they include the full cost. It is customary to display the price first even without GLEIF charges.

What makes an LEI number different from an LEI code?

Think of an LEI number as an international business registration number. Globally, the LEI number is used to identify participants in financial transactions.

There is a price for requesting an LEI code, as well as an annual maintenance fee to keep the code valid. An LEI number is required for all legal entities including companies, funds and charities.

Who has the authority to issue an LEI number?

GLEIF, a non-profit organization responsible for maintaining the integrity of the global LEI system, is responsible for coordinating the issuance of LEI numbers. The LEI number is physically issued by local operational units authorized by GLEIF.

All LEI numbers and reference data will be published in GLEIF’s LEI database, which is open to the public. The LEI Regulatory Oversight Committee, which is made up of various global financial institutions, oversees GLEIF. A free legal entity identifier search is available through GLEIF. The legal entity identification search will reveal whether the LEI is active or not, as well as when it will expire.

Who needs an LEI number?

As of January 3, 2018, all EU legal entities subject to MiFID II are required to trade with a valid LEI (e.g. bonds, stocks, futures, etc.). Many countries outside the EU accepted the ideas, including the United States, which did so through the Commodity Exchange Act. In addition, companies subject to the MiFID II transaction reporting requirement cannot accept transactions initiated by customers who do not have a valid LEI number.