IRELAND: ISE new Legal Entity Identifier

Tuesday September 10 2013

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General

Country: Ireland

Link: http://irishstockexchange.newsweaver.co.uk/files/1/27664/128495/4103125/6e2861d2623762c907c8ba11/2598%20ISE%20Prepare%20for%20LEI%20A4.pdf

The Irish Stock Exchange (ISE) has announced the launched of a new global Legal Entity Identifier (LEI) designed to manage counterparty risk. The LEI is a global reference code which uniquely identifies each legal entity that engages in a financial transaction.

The ISE is the sponsored pre-LEI provider in Ireland and is launching its online service for all legal entities to apply for a pre-LEI code through its application portal.

The ISE has also stated that it will provide a ‘go-live’ date in the coming months.