LEI Registration Consultants

The registration process for an LEI code is not as complicated as it seems. There are a few things that you should keep in mind before starting the process. The first thing is to make sure that the company you're working with is registered with the right registry. This information is available in several databases. For example, you can use the GLEIF database to verify your company's information.

Another thing to keep in mind is the amount of security involved. The LEI certificate provides an extra layer of security to your company's records. A LEI registration can help you comply with the rules and regulations that govern international financial services. The number also increases the visibility of your company among potential investors, customers, and other stakeholders.

A second thing to keep in mind is that LEI codes need to be renewed. If you don't renew them on a regular basis, your LEI number will become inactive. A service provider can help you with this by providing multi-year renewal packages. These packages are more cost-effective than purchasing one-year codes.

Finally, it is important to keep in mind that the cost of LEI registrations is not a fixed amount. This is because the GLEIF charges a fee per LEI issued. This fee is included in the price of the service, while the costs of administration are the remaining portion. A LEI registration agent will offer you a discount for multi-year registrations.