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      Question

      The Legal Entity Identifier (LEI) (operated by

      authorized providers like LEIL) is primarily:
      A A 20-character alphanumeric global identifier for legal entities involved in financial transactions to improve data quality and risk management Correct Answer Incorrect Answer
      B A software package for payroll accounting Correct Answer Incorrect Answer
      C A brand of credit card issued by Indian banks Correct Answer Incorrect Answer
      D An import license for agricultural produce Correct Answer Incorrect Answer
      E A tax registration certificate Correct Answer Incorrect Answer

      Solution

      The LEI system issues a 20-character code to uniquely identify legal entities participating in financial transactions worldwide, improving transparency and risk aggregation; national LEI providers implement and issue LEIs under global rules.┬а

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