When do you need a Legal Entity Identifier?
Financial transactionsGLEIFKYCLegal Entity IdentifierLocal Operating UnitOver-the-Counter (OTC) marketsReserve Bank of India (RBI)
The Reserve Bank of India has mandated the use of LEIs by all companies trading in Over-the-Counter (OTC) markets for Rupee Interest Rate derivatives, foreign currency derivatives and credit derivatives in India. Mandatory use of LEIs was phased in between August 1, 2017 and March 31, 2018, as per the RBI Notification dated June 1, … Continued