London, 18 June 2020 – EDI is proud to be affiliated with ManagedLEI, an online service which provides fast, low-cost and low maintenance LEI management.
The Legal Entity Identifier (LEI) was developed by the ISO 17442 standard with the purpose of giving a clear legal entity in financial transactions and trades, the code contains information about the organisation’s structure and ownership, which boosts clarity in today’s marketplace.
We are able to offer an affordable and fast solution to issue a LEI code for your organisation, so you are not burdened by the lengthy application process and issuance wait times.
Cristina Hudson, Managing Director of ManagedLEI, says “We strongly believe that the global adoption of LEIs will greatly reduce the fraud and crime on today’s financial market. Which is why we will ally and partner with other great companies, such as EDI, in this fight. There are more and more regulators globally that require legal entities to obtain an LEI number for transparent trading and reporting purposes. We aim to simplify the process and present a better, easier customer experience on a user-friendly, efficient platform”
Jonathan Bloch, CEO of EDI, adds “EDI is pleased to use the LEI in its data feeds and see a growing importance of such an identifier in rationalising the financial sector. We are pleased to be able to provide our clients the LEI numbers.”
Members of the G20 set-up the GLEIF to facilitate the creation and adoption of LEIs worldwide and since then, regulators all over the world have begun requiring or requesting LEIs to comply. The regulatory use of LEIs is managed by regional and jurisdictional authorities: https://www.gleif.org/en/lei-solutions/regulatory-use-of-the-lei
About Exchange Data International (EDI)
EDI, established in 1994, helps the global financial and investment community make informed decisions through the provision of fast, accurate, timely and affordable reference data services. EDI’s extensive content database includes worldwide equity and fixed income corporate actions, dividends, listed/OTC derivatives, static reference data, closing prices and shares outstanding, delivered via data feeds and the Internet. EDI is based in London, with offices in New York, India, and Morocco. For more information about EDI, please visit http://www.exchange-data.com.
ManagedLEI is a GLEIF approved official Registration Agent of Legal Entity Identifiers. We are official partners of RapidLEI and use their engine to deliver LEI numbers in minutes and at low cost. Legal Entity Identifiers or LEIs are now mandatory for entities that take part in financial transactions but they also have the opportunity to be used by many other industries to reduce the cost of KYC and Onboarding. ManagedLEI’s mission is to bring you no-nonsense, affordable LEIs that keep ahead of global regulatory compliance. For more information about ManagedLEI, please visit https://managedlei.com/?ref=1