Tag: LEI number

April 25, 2018 BY LeapRate Staff

Understanding MiFID II National IDs

The following article was written by Quinn Perrott, General Manager of  regulatory and compliance solutions provider TRAction Fintech. Natural person identifiers are an important part of transaction reporting and contain some complexity in their application due to the variety of identifiers available. It’s widely-known that corporate counterparties need to be identified by their legal entity…

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April 10, 2018 BY LeapRate Staff

How to get an LEI number if you don’t have a LOU (Local Operating Unit) in your country

The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, Inc. The global push for greater transparency in financial markets continues to gain traction with top tier regulators now requiring that all entities, engaged in trading financial markets, report their LEI (Legal Entity Identifier) number to regulatory repositories.…

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SFC fines
September 25, 2017 BY LeapRate Staff

Citi units fined for Legal Entity Identifier (LEI number) failures

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Citibank, N.A. (CBNA) and Citigroup Global Markets Limited (CGML) - all units of global banking giant Citigroup Inc. (NYSE: C) - for failing to report Legal Entity Identifier (LEI) information for swap transactions properly to a Swap Data Repository (SDR), failing to…

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LEI number
August 01, 2017 BY LeapRate Staff

What is an LEI number and where can you get one?

The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, Inc. Welcome to a financial world, full of mysterious acronyms. LEI, CASS, ECP, EMIR, MiFIR, MTF, OTF… This industry just loves acronyms and MiFID II just gave us a whole lot of new ones to work with. One that…

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