Question

Which of the following options accurately describes the structure of LEI digits?

A 10 alphanumeric characters followed by 10 numerical digits. Correct Answer Incorrect Answer
B 10 numerical digits followed by 10 alphanumeric characters. Correct Answer Incorrect Answer
C 20 numerical digits. Correct Answer Incorrect Answer
D 20 alphanumeric characters. Correct Answer Incorrect Answer
E 10 alphanumeric characters. Correct Answer Incorrect Answer

Solution

The Legal Entity Identifier ( LEI ) is a 20 - character alpha - numeric code used to uniquely identify parties to financial transactions worldwide . It has been implemented to improve the quality and accuracy of financial data reporting systems for better risk management . It is used to create a global reference data system that uniquely identifies every legal entity in any jurisdiction that is party to a financial transaction .

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