FAQ
In this section we give you answers to common questions about LEI. If the answer to your question can’t be find here you to send us an e-mail and our support team will assist you personally.
Learn everything about LEI Code
What is an LEI Code?
An LEI Code, formally known as a Legal Entity Identifier, is a unique identification code for legal entities that are active on the global financial markets.
Who needs a Legal Entity Identifier?
All companies, organizations, trusts, associations and other legal entities that makes transactions on the European financial markets are required to have a Legal Entity Identifier.
How do I apply for an LEI Code?
You can apply for an LEI Code here at LEI Star by filling out the form with your company details.
What is multi-year renewal?
LEI Star offer a service called multi-year renewal. This means that you can apply for LEI renewal for several years. We offer 1, 3 and 5 year renewal. If you choose our 3- or 5 year plan we will take care of the yearly renewal for you during the whole period.
Who manage the system behind LEI?
The system behind the LEI Code is managed by GLEIF. The Global Legal Entity Identifier Foundation was founded in 2014 and is based in Switzerland. This organization support the implementation of LEI Codes and is responsible for monitoring all LOU:s. LOU stands for Local Operating Units which are the publishers of LEI.
How do I pay for my LEI Code?
Here at LEI Star we offer several methods for payment. You can pay your LEI Code with VISA, Mastercard, American Express and PayPal.
Can I transfer an existing LEI Code to LEI Star?
Yes, you can transfer your LEI Code to LEI Star in order to save money. Just use the form for renewal/transfer. You can choose to only transfer the Legal Entity Identifier or to transfer in connection to a renewal.
When will I get my LEI Code?
If you apply for an LEI Code before noon you will get your code the same day. It usually takes around 2-5 hours. Your Legal Entity Identifier will be updated in the database at GLEIF the next day by 2 pm.
What’s the price for an LEI?
Here at LEI Star we offer affordable prices for LEI. How much you pay depends on which plan you choose. If you choose our 5-year plan you only pay $50 + VAT per year for your LEI Code.
The structure of an LEI Code
Each LEI Code is unique and identify a certain legal entity. All LEI Codes are built on the ISO 17442 Standard. The first four characters of the code identify which LOU that is behind the specific code. For example, we use the LOU RapidLEI which means that your code will start with “5493”. The next two characters are digits (00) and saved for future functionality. This follows by an unique combination of letters and digits. Finally the two last characters are control digits. All in all an LEI Code consists of 20 digits and letters.
