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Reserve Bank of India has made Legal Entity Identifier (LEI) code mandatory for all market participants, other than individuals. ü The Legal Entity Identifier (LEI) is a global reference number that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction. ü Legal Entity Identifier India Ltd (LEIL) (only LOU of India), subsidiary of The Clearing Corporation of India Ltd, will assign LEIs to any legal identity including but not limited to all intermediary institutions, banks, mutual funds, partnership companies, trusts, holdings, special purpose vehicles, asset management companies and all other institutions being parties to financial transactions. ü LEI will be assigned on application from the legal entity and after due validation of data. For the organization, ü LEI will · Serve as a proof of identity for a financial entity · Help to abide by regulatory requirements · Facilitate transaction reporting to Trade Repositories Source: Legal Entity Identifier India ltd . ü LEI is a 20 character global reference number conceived by G20 that uniquely identifies every legal entity or structure that is party to a financial transaction, in any jurisdiction. ü Internationally LEI is implemented and maintained by Global Legal Entity Identifier Foundation.
Sales Rs. 50,000; Variable cost Rs. 30,000; Net profit Rs. 6,000; fixed cost is_____.
An account that a correspondent bank holds on behalf of another bank is called:
Which of the following best describes the bulk deposit limit for UCBs that are not categorized as Tier 3 or Tier 4 under the RBI’s revised guidelines?...
As per which convention, trivial transactions can be ignored?
Which of the following is NOT a criterion for determining the FSWM status of a UCB?
After issue of demand notice under section 13 (2) of SARFAESI, what is the time limit within which the secured creditor can initiated an action for enfo...
Which of the following is not one of the four themes mentioned in the 15th Finance Commission w.r.t grant-in aid-to states?
Under call money market, funds are transacted on an overnight basis and under notice money market, funds are transacted for a period between _________?
What is the extent to which IIFCL provides refinance to eligible borrowing institutions?
DSCR indicates the ability of a company to?